Non-Life Insurance in Turkey, Key Trends and Opportunities to 2016: Price Wars Will Lead to Further Market Consolidation

Date: January 6, 2012
Pages: 244
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US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: N1948C37596EN
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Non-Life Insurance in Turkey, Key Trends and Opportunities to 2016: Price Wars Will Lead to Further Market Consolidation
Synopsis

The report provides top-level market analysis, information and insights into the Turkish non-life insurance market, including:
  • The Turkish non-life insurance market’s growth prospects by non-life insurance categories
  • The various distribution channels in the Turkish non-life insurance market
  • The competitive landscape in the non-life insurance market in Turkey
  • A description of the non-life reinsurance market in Turkey
Summary

The non-life insurance market grew at a healthy rate during the review period. Backed by robust GDP growth, macroeconomic stabilization and the increasing penetration of insurance products, the market is projected to register strong levels of growth over the forecast period. Such growth will be driven by the development of large-scale energy and infrastructure projects which will require innovative, customized insurance products.

Scope

This report provides a comprehensive analysis of the non-life insurance market in Turkey:
  • It provides historical values for Turkey’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in Turkey’s non-life insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for non-life insurance products in Turkey
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Turkey for the non-life insurance business
  • It provides a detailed analysis of the reinsurance market in Turkey and its growth prospects
  • It profiles the top life insurance companies in Turkey, and outlines the key regulations affecting them
Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the Turkish non-life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Turkish non-life insurance market
  • Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Turkish insurance market and its impact on companies and the market's future
Key Highlights
  • The Turkish non-life insurance market experienced significant growth driven by a robust economy, increasing awareness and growing motor, property and construction markets
  • Agencies were the dominant distribution channel for non-life insurance products in Turkey owing to their strong, country-wide networks
  • The non-life insurance market in Turkey is highly concentrated with the top ten non-life insurance companies accounting for more than 90% of gross written premiums in 2010. In order to remain competitive, smaller companies offer lower prices on premium products to attract customers, due to lack of differentiation between the products and services within the market. Moreover, deregulation within, and liberalization of, the non-life insurance market has intensified competition among these companies.
  • During the forecast period, the regulations are expected to become more stringent as a result of the new regulatory proposals such as the introduction of Solvency II norms by the Turkish regulatory authority
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 TURKISH INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
  3.2.1 Business drivers
  3.2.2 Consumer drivers
3.3 Recent Market Developments

4 NON-LIFE INSURANCE MARKET OUTLOOK

4.1 Non-Life Insurance Growth Prospects by Category
4.2 Property insurance category market size, 2007–2016
  4.2.1 Fire and allied perils insurance sub-category market size, 2007–2016
  4.2.2 Engineering insurance sub-category market size, 2007–2016
  4.2.3 Agriculture insurance sub-category market size, 2007–2016
  4.2.4 Other property sub-category market size, 2007–2016
4.3 Motor insurance category market size, 2007–2016
  4.3.1 Motor hull sub-category market size, 2007–2016
  4.3.2 Motor third party sub-category market size, 2007–2016
4.4 General third party category market size, 2007–2016
4.5 Marine, aviation and transit category market size, 2007–2016
  4.5.1 Marine sub-category market size, 2007–2016
  4.5.2 Aviation sub-category market size, 2007–2016
  4.5.3 Transit sub-category market size, 2007–2016

5 ANALYSIS BY DISTRIBUTION CHANNELS

5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016

6 REGULATORY POLICIES

7 PORTER’S FIVE FORCES ANALYSIS – TURKEY NON-LIFE INSURANCE MARKET

7.1 Bargaining Power of Supplier: medium to high
7.2 Bargaining Power of Buyer: low to medium
7.3 Barriers to Entry: medium to high
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: low

8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016

9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

9.1 Overview
9.2 Leading Companies in the Turkey Non-Life Insurance Market
9.3 AXA Sigorta A.S. – Company Overview
  9.3.1 AXA Sigorta A.S. – key facts
  9.3.2 AXA Sigorta A.S. – main products
  9.3.3 AXA Sigorta A.S. – main competitors
  9.3.4 AXA Sigorta A.S. – key employees
9.4 Anadolu Hayat Emeklilik A.S. – Company Overview
  9.4.1 Anadolu Hayat Emeklilik A.S. – key facts
  9.4.2 Anadolu Hayat Emeklilik A.S. – main products
  9.4.3 Anadolu Hayat Emeklilik A.S. – main competitors
  9.4.4 Anadolu Hayat Emeklilik A.S. – key employees
9.5 Allianz Hayat ve Emeklilik AS – Company Overview
  9.5.1 Allianz Hayat ve Emeklilik AS – key facts
  9.5.2 Allianz Hayat ve Emeklilik AS – main products
  9.5.3 Allianz Hayat ve Emeklilik AS – main competitors
  9.5.4 Allianz Hayat ve Emeklilik AS – key employees
9.6 Yapi Kredi Emeklilik A.S. – Company Overview
  9.6.1 Yapi Kredi Emeklilik A.S. – key facts
  9.6.2 Yapi Kredi Emeklilik A.S. – main products
  9.6.3 Yapi Kredi Emeklilik A.S – main competitors
  9.6.4 Yapi Kredi Emeklilik A.S.– key employees
9.7 Eureko Sigorta – Company Overview
  9.7.1 Eureko Sigorta – key facts
  9.7.2 Eureko Sigorta – main products
  9.7.3 Eureko Sigorta – main competitors
  9.7.4 Eureko Sigorta – key employees
9.8 Groupama Sigorta – Company Overview
  9.8.1 Groupama Sigorta – key facts
  9.8.2 Groupama Sigorta – main products
  9.8.3 Groupama Sigorta – main competitors
  9.8.4 Groupama Sigorta – key employees
9.9 Gunes Sigorta A.S – Company Overview
  9.9.1 Gunes Sigorta AS – key facts
  9.9.2 Gunes Sigorta AS – main products
  9.9.3 Gunes Sigorta AS – main competitors
  9.9.4 Gunes Sigorta AS – key employees
9.1 Mapfre Genel Yasam – Company Overview
  9.10.1 Mapfre Genel Yasam – key facts
  9.10.2 Mapfre Genel Yasam – main products
  9.10.3 Mapfre Genel Yasam – main competitors
  9.10.4 Mapfre Genel Yasam – key employees
9.11 Ergo Grubu Holdings A.S. – Company Overview
  9.11.1 Ergo Grubu Holdings A.S. – key facts
  9.11.2 Ergo Grubu Holdings A.S. – main products
  9.11.3 Ergo Grubu Holdings A.S. – main competitors
  9.11.4 Ergo Grubu Holdings A.S. – key employees

10 BUSINESS ENVIRONMENT AND COUNTRY RISK

10.1 Business Confidence
  10.1.1 Business confidence index
  10.1.2 Market capitalization trend – Istanbul stock exchange (ISE), Turkey
  10.1.3 FDI inflow by industry
  10.1.4 Deployment of credit
10.2 Economic Performance
  10.2.1 GDP at constant prices (US dollars)
  10.2.2 GDP per capita at constant prices (US dollars)
  10.2.3 GDP at current prices (US dollars)
  10.2.4 GDP per capita at current prices (US dollars)
  10.2.5 GDP split by key sectors
  10.2.6 Agriculture net output at current prices (Turkish lira)
  10.2.7 Agriculture net output at current prices (US dollars)
  10.2.8 Agriculture net output at current prices as a percentage of GDP
  10.2.9 Manufacturing net output at current prices (Turkish lira)
  10.2.10 Manufacturing net output at current prices (US dollars)
  10.2.11 Manufacturing net output at current prices as a percentage of GDP
  10.2.12 Mining, manufacturing and utilities net output at current prices (Turkish lira)
  10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
  10.2.15 Construction net output at current prices (Turkish lira)
  10.2.16 Construction net output at current prices as a percentage of GDP
  10.2.17 Construction net output at current prices (US dollars)
  10.2.18 Crude steel production
  10.2.19 Crude oil consumption
  10.2.20 Inflation rate
  10.2.21 Fiscal balance as a percentage of GDP
  10.2.22 Current account balance as a percentage of GDP
  10.2.23 Exports as a percentage of GDP
  10.2.24 Imports as a percentage of GDP
  10.2.25 Exports growth
  10.2.26 Imports growth
  10.2.27 External debt as a percentage of GDP
  10.2.28 Annual average exchange rate US$–TRY
  10.2.29 End of period exchange rate US$–TRY
  10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
  10.3.1 Railways and roadways
  10.3.2 Passenger vehicle production
  10.3.3 Commercial vehicle production
  10.3.4 Automotive components exports
  10.3.5 Automotive components imports
  10.3.6 Passenger car penetration
  10.3.7 Total installed capacity for electricity generation
  10.3.8 Installed capacity for the generation of conventional thermal electricity
  10.3.9 Electricity production
  10.3.10 Installed capacity for the generation of hydro-electricity
  10.3.11 Installed capacity for renewable electricity generation
  10.3.12 Electricity consumption
  10.3.13 Electricity exports
  10.3.14 Electricity imports
  10.3.15 Healthcare expenditure
  10.3.16 Healthcare expenditure as a percentage of GDP
  10.3.17 Healthcare per capita expenditure
  10.3.18 R&D Expenditure as a percentage of GDP
  10.3.19 Total internet subscribers
  10.3.20 Broadband internet subscribers
  10.3.21 Personal computer penetration rate
  10.3.22 Mobile phone penetration rate
10.4 Labor Force
  10.4.1 Labor force
  10.4.2 Unemployment rate
10.5 Demographics
  10.5.1 Annual disposable income
  10.5.2 Annual per capita disposable income
  10.5.3 Annual consumer expenditure on food
  10.5.4 Annual per capita consumer expenditure on food
  10.5.5 Midyear total population
  10.5.6 Urban and rural population
  10.5.7 Female percentage of population
  10.5.8 Male percentage of population
  10.5.9 Mean age of population
  10.5.10 Median age of population
  10.5.11 Population density
  10.5.12 Age distribution of the total population
  10.5.13 Age distribution of the male population
  10.5.14 Age distribution of the female population
  10.5.15 Number of households
10.6 Political and Social Risk
  10.6.1 Political stability
  10.6.2 Terrorism Index
  10.6.3 Transparency index

11 APPENDIX

11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Market Definitions
Table 2: Turkey Insurance Overall Written Premium by Segment (TRY Billion), 2007–2011
Table 3: Turkey Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Turkey Insurance Overall Written Premium by Segment (TRY Billion), 2011–2016
Table 5: Turkey Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Turkey Insurance Segmentation (%), 2007–2016
Table 7: Non-Life Insurance Written Premium by Category (TRY Billion), 2007–2011
Table 8: Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Non-Life Insurance Written Premium by Category (TRY Billion), 2011–2016
Table 10: Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Non-Life Insurance Market – Incurred Loss (TRY Billion), 2007–2011
Table 12: Non-Life Insurance Market – Incurred Loss (TRY Billion), 2011–2016
Table 13: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Non-Life Insurance Market – Commissions and Expenses (TRY Billion), 2007–2011
Table 16: Non-Life Insurance Market – Commissions and Expenses (TRY Billion), 2011–2016
Table 17: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Non-Life Insurance Market – Frauds and Crimes (TRY Billion), 2007–2011
Table 20: Non-Life Insurance Market – Frauds and Crimes (TRY Billion), 2011–2016
Table 21: Non-Life Insurance Market – Total Assets (TRY Billion), 2007–2011
Table 22: Non-Life Insurance Market – Total Assets (TRY Billion), 2011–2016
Table 23: Non-Life Insurance Market – Total Investment Income (TRY Billion), 2007–2011
Table 24: Non-Life Insurance Market – Total Investment Income (TRY Billion), 2011–2016
Table 25: Non-Life Insurance Market – Retentions (TRY Billion), 2007–2011
Table 26: Non-Life Insurance Market – Retentions (TRY Billion), 2011–2016
Table 27: Property Insurance Written Premium by Sub-Category (TRY Billion), 2007–2011
Table 28: Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 29: Property Insurance Written Premium by Sub-Category (TRY Billion), 2011–2016
Table 30: Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Table 32: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Table 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 34: Fire and Allied Perils Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 35: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Table 36: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Table 37: Engineering Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 38: Engineering Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 39: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Table 40: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Table 41: Agriculture Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 42: Agriculture Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 43: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Table 44: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Table 45: Other Property Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 46: Other Property Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 47: Motor Insurance Written Premium by Sub-Category (TRY Billion), 2007–2011
Table 48: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 49: Motor Insurance Written Premium by Sub-Category (TRY Billion), 2011–2016
Table 50: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 51: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Table 52: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Table 53: Motor Hull Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 54: Motor Hull Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 55: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Table 56: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Table 57: Motor Third-Party Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 58: Motor Third-Party Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 59: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Table 60: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Table 61: General Third-Party Insurance Category by Written Premium (TRY Billion), 2007–2011
Table 62: General Third-Party Insurance Category by Written Premium (TRY Billion), 2011–2016
Table 63: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (TRY Billion), 2007–2011
Table 64: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 65: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (TRY Billion), 2011–2016
Table 66: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 67: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Table 68: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Table 69: Marine Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 70: Marine Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 71: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Table 72: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Table 73: Aviation Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 74: Aviation Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 75: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Table 76: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Table 77: Transit Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Table 78: Transit Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Table 79: Non-Life Insurance Market – Direct Marketing Commission Paid (TRY Billion), 2007–2011
Table 80: Non-Life Insurance Market – Direct Marketing Commission Paid (TRY Billion), 2011–2016
Table 81: Non-Life Insurance Market – Written Premium Through Direct Marketing (TRY Billion), 2007–2011
Table 82: Non-Life Insurance Market – Written Premium Through Direct Marketing (TRY Billion), 2011–2016
Table 83: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Table 84: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Table 85: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 86: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 87: Non-Life Insurance Market – Bancassurance Commission Paid (TRY Billion), 2007–2011
Table 88: Non-Life Insurance Market – Bancassurance Commission Paid (TRY Billion), 2011–2016
Table 89: Non-Life Insurance Market – Written Premium Through Bancassurance (TRY Billion), 2007–2011
Table 90: Non-Life Insurance Market – Written Premium Through Bancassurance (TRY Billion), 2011–2016
Table 91: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 92: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 93: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 94: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 95: Non-Life Insurance Market – Agencies Commission Paid (TRY Billion), 2007–2011
Table 96: Non-Life Insurance Market – Agencies Commission Paid (TRY Billion), 2011–2016
Table 97: Non-Life Insurance Market – Written Premium Through Agencies (TRY Billion), 2007–2011
Table 98: Non-Life Insurance Market – Written Premium Through Agencies (TRY Billion), 2011–2016
Table 99: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 100: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 101: Non-Life Insurance Market – Number of Agencies, 2007–2011
Table 102: Non-Life Insurance Market – Number of Agencies, 2011–2016
Table 103: Non-Life Insurance Market – Commission Paid to Other Channels (TRY Billion), 2007–2011
Table 104: Non-Life Insurance Market – Commission Paid to Other Channels (TRY Billion), 2011–2016
Table 105: Non-Life Insurance Market – Written Premium Through Other Channels (TRY Billion), 2007–2011
Table 106: Non-Life Insurance Market – Written Premium Through Other Channels (TRY Billion), 2011–2016
Table 107: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 108: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 109: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 110: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 111: Reinsurance Market in Turkey by Category (TRY Billion), 2007–2011
Table 112: Reinsurance Market in Turkey by Category (US$ Billion), 2007–2011
Table 113: Reinsurance Market in Turkey by Category (TRY Billion), 2011–2016
Table 114: Reinsurance Market in Turkey by Category (US$ Billion), 2011–2016
Table 115: Reinsurance Ceded by Type of Insurance (TRY Billion), 2007–2011
Table 116: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 117: Reinsurance Ceded by Type of Insurance (TRY Billion), 2011–2016
Table 118: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 119: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 120: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 121: Turkey Non-Life Insurance Market – Market Share 2007 and 2010
Table 122: AXA Sigorta A.S., Key Facts
Table 123: AXA Sigorta A.S., Main Products
Table 124: AXA Sigorta A.S, Key Employees
Table 125: Anadolu Hayat Emeklilik A.S., Key Facts
Table 126: Anadolu Hayat Emeklilik A.S., Main Products
Table 127: Anadolu Hayat Emeklilik A.S., Key Employees
Table 128: Allianz Hayat ve Emeklilik AS, Key Facts
Table 129: Allianz Hayat ve Emeklilik AS, Main Products
Table 130: Allianz Hayat ve Emeklilik AS, Key Employees
Table 131: Yapi Kredi Emeklilik A.S., Key Facts
Table 132: Yapi Kredi Emeklilik A.S., Main Products
Table 133: Yapi Kredi Emeklilik A.S., Key Employees
Table 134: Eureko Sigorta., Key Facts
Table 135: Eureko Sigorta., Main Products
Table 136: Eureko Sigorta., Key Employees
Table 137: Groupama Sigorta, Key Facts
Table 138: Groupama Sigorta, Main Products
Table 139: Groupama Sigorta, Key Employees
Table 140: Gunes Sigorta AS., Key Facts
Table 141: Gunes Sigorta AS., Main Products
Table 142: Gunes Sigorta AS., Key Employees
Table 143: Mapfre Genel Yasam, Key Facts
Table 144: Mapfre Genel Yasam, Main Products
Table 145: Mapfre Genel Yasam, Key Employees
Table 146: Ergo Grubu Holdings A.S., Key Facts
Table 147: Ergo Grubu Holdings A.S., Main Products
Table 148: Ergo Grubu Holdings A.S., Key Employees

LIST OF FIGURES

Figure 1: Turkey Insurance Overall Written Premium by Segment (TRY Billion), 2007–2016
Figure 2: Turkey Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Non-Life Insurance Written Premium by Category (TRY Billion), 2007–2016
Figure 4: Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Non-Life Insurance Market – Incurred Loss (TRY Billion), 2007–2011
Figure 7: Non-Life Insurance Market – Incurred Loss (TRY Billion), 2011–2016
Figure 8: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Non-Life Insurance Market – Commissions and Expenses (TRY Billion), 2007–2011
Figure 11: Non-Life Insurance Market – Commissions and Expenses (TRY Billion), 2011–2016
Figure 12: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Non-Life Insurance Market – Frauds and Crimes (TRY Billion), 2007–2011
Figure 15: Non-Life Insurance Market – Frauds and Crimes (TRY Billion), 2011–2016
Figure 16: Non-Life Insurance Market – Total Assets (TRY Billion), 2007–2011
Figure 17: Non-Life Insurance Market – Total Assets (TRY Billion), 2011–2016
Figure 18: Non-Life Insurance Market – Total Investment Income (TRY Billion), 2007–2011
Figure 19: Non-Life Insurance Market – Total Investment Income (TRY Billion), 2011–2016
Figure 20: Non-Life Insurance Market – Retentions (TRY Billion), 2007–2011
Figure 21: Non-Life Insurance Market – Retentions (TRY Billion), 2011–2016
Figure 22: Non-Life Insurance Market – Investment Type (TRY Billion), 2007–2011
Figure 23: Non-Life Insurance Market – Investment Type, 2007 and 2011
Figure 24: Non-Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Non-Life Insurance Market – Number of Policies Sold (‘000), 2007–2011
Figure 26: Non-Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Non-Life Insurance Market – Premium Per Capita (TRY), 2007–2011
Figure 28: Property Insurance Written Premium (TRY Billion) by Sub-Category, 2007–2016
Figure 29: Property Insurance Market Dynamics, by Sub-Category, 2007–2016
Figure 30: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 32: Fire and Allied Perils Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 34: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 35: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 36: Engineering Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 37: Engineering Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 38: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 39: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 40: Agriculture Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 41: Agriculture Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 42: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 43: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 44: Other Property Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 45: Other Property Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 46: Motor Insurance Written Premium and by Sub-Category (TRY Billion), 2007–2016
Figure 47: Motor Insurance Market Dynamics, by Sub-Category, 2007–2016
Figure 48: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 49: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 50: Motor Hull Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 51: Motor Hull Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 52: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 53: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 54: Motor Third-Party Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 55: Motor Third-Party Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 56: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Figure 57: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Figure 58: General Third-Party Insurance Category by Written Premium (TRY Billion), 2007–2011
Figure 59: General Third-Party Insurance Category by Written Premium (TRY Billion), 2011–2016
Figure 60: Marine, Aviation and Transit Insurance Written Premium (TRY Billion), by Sub-Category, 2007–2016
Figure 61: Marine, Aviation and Transit Insurance Market Dynamics, by Sub-Category, 2007–2016
Figure 62: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 63: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 64: Marine Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 65: Marine Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 66: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 67: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 68: Aviation Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 69: Aviation Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 70: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 71: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 72: Transit Insurance Sub-Category by Written Premium (TRY Billion), 2007–2011
Figure 73: Transit Insurance Sub-Category by Written Premium (TRY Billion), 2011–2016
Figure 74: Non-Life Insurance New Business Written Premium – Market Shares by Distribution Channel, 2011 and 2016
Figure 75: Non-Life Insurance Market – Direct Marketing Commission Paid (TRY Billion), 2007–2011
Figure 76: Non-Life Insurance Market – Direct Marketing Commission Paid (TRY Billion), 2011–2016
Figure 77: Non-Life Insurance Market – Written Premium Through Direct Marketing (TRY Billion), 2007–2011
Figure 78: Non-Life Insurance Market – Written Premium Through Direct Marketing (TRY Billion), 2011–2016
Figure 79: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Figure 80: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Figure 81: Non-Life Insurance Market – Number of Direct Marketing Distributors 2007–2011
Figure 82: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 83: Non-Life Insurance Market – Bancassurance Commission Paid (TRY Billion), 2007–2011
Figure 84: Non-Life Insurance Market – Bancassurance Commission Paid (TRY Billion), 2011–2016
Figure 85: Non-Life Insurance Market – Written Premium Through Bancassurance (TRY Billion), 2007–2011
Figure 86: Non-Life Insurance Market – Written Premium Through Bancassurance (TRY Billion), 2011–2016
Figure 87: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 88: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 89: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 90: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 91: Non-Life Insurance Market – Agencies Commission Paid (TRY Billion), 2007–2011
Figure 92: Non-Life Insurance Market – Agencies Commission Paid (TRY Billion), 2011–2016
Figure 93: Non-Life Insurance Market – Written Premium Through Agencies (TRY Billion), 2007–2011
Figure 94: Non-Life Insurance Market – Written Premium Through Agencies (TRY Billion), 2011–2016
Figure 95: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 96: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 97: Non-Life Insurance Market – Number of Agencies, 2007–2011
Figure 98: Non-Life Insurance Market – Number of Agencies, 2011–2016
Figure 99: Non-Life Insurance Market – Commission Paid to Other Channels (TRY Billion), 2007–2011
Figure 100: Non-Life Insurance Market – Commission Paid to Other Channels (TRY Billion), 2011–2016
Figure 101: Non-Life Insurance Market – Written Premium Through Other Channels (TRY Billion), 2007–2011
Figure 102: Non-Life Insurance Market – Written Premium Through Other Channels (TRY Billion), 2011–2016
Figure 103: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 104: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 105: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 106: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 107: Turkey Non-Life Insurance Market – Five Forces Analysis
Figure 108: Premium Ceded to Reinsurance by Category (TRY Billion), 2007–2016
Figure 109: Reinsurance Premium Share by Category, 2011 and 2016
Figure 110: Reinsurance Market Dynamics by Category, 2007–2016
Figure 111: Reinsurance Ceded by Type of Insurance (TRY Billion), 2007–2016
Figure 112: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 113: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 114: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 115: Turkey Non-Life Insurance Market – Market Share 2007 and 2010
Figure 116: Turkish Business Confidence Index, Q12008–Q42010
Figure 117: Istanbul Stock Exchange (ISE) Market Capitalization (US$ Billion), 2003–2010
Figure 118: Turkish FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 119: Turkish Deployment of Credit (US$ Billion), 2003–2008
Figure 120: Turkish GDP at Constant Prices (US$ Billion), 2007–2016
Figure 121: Turkish GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 122: Turkish GDP at Current Prices (US$ Billion), 2007–2016
Figure 123: Turkish GDP Per Capita at Current Prices (US$), 2007–2016
Figure 124: Turkish GDP Split by Key Sectors (%), 2007 and 2011
Figure 125: Turkish Agriculture Net Output at Current Prices (TRY Billion), 2007–2016
Figure 126: Turkish Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 127: Turkish Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 128: Turkish Manufacturing Net Output at Current Prices (TRY Billion), 2007–2016
Figure 129: Turkish Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 130: Turkish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 131: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices (TRY Billion), 2007–2016
Figure 132: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 133: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 134: Turkish Construction Net Output at Current Prices (TRY Billion), 2007–20166
Figure 135: Turkish Construction Net Output at Current Prices (TRY Billion), 2007–20166
Figure 136: Turkish Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 137: Turkish Crude Steel Production (Million Metric Tons), 2007–2016
Figure 138: Turkish Crude Oil Consumption (Million Tons), 2007–2016
Figure 139: Turkish Inflation Rate (%), 2007–2016
Figure 140: Turkish Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 141: Turkish Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 142: Turkey Exports as a Percentage of GDP (%), 2007–2016
Figure 143: Turkish Imports as a Percentage of GDP (%), 2007–2016
Figure 144: Turkish Exports Growth (%), 2007–2016
Figure 145: Turkish Imports Growth (%), 2007–2016
Figure 146: Turkish External Debt as a Percentage of GDP (%), 2007–2011
Figure 147: Turkish Annual Average Exchange Rate (US$–TRY), 2007–2010
Figure 148: Turkish End of Period Exchange Rate (US$–TRY), 2007–2010
Figure 149: Turkey Debt Service Ratio (%), 2007–2011
Figure 150: Turkish Railways and Roadways (Kilometers), 2010
Figure 151: Turkish Passenger Vehicle Production (Units), 2007–2016
Figure 152: Turkish Commercial Vehicle Production (Units), 2007–2016
Figure 153: Turkish Automotive Components Exports (US$ Billion), 2007–2016
Figure 154: Turkish Automotive Components Imports (US$ Billion), 2007–2016
Figure 155: Turkish Passenger Car Penetration (Per Thousand People), 2007–2016
Figure 156: Turkish Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 157: Turkish Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 158: Turkish Electricity Production (Billion Kilowatts Hours), 2007–2016
Figure 159: Turkish Installed Capacity for the Generation of Hydro-Electricity (Million Kilowatts), 2007–2016
Figure 160: Turkish Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 161: Turkish Electricity Consumption (Billion Kilowatt Hours), 2007–2016
Figure 162: Turkish Electricity Exports (Million Kilowatts Hours), 2007–2016
Figure 163: Turkish Electricity Imports (Million Kilowatts Hours), 2007–2016
Figure 164: Turkish Healthcare Expenditure (US$ Billion), 2007–2016
Figure 165: Turkish Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 166: Turkish Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 167: Turkish R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 168: Turkish Internet Subscribers (Units), 2007–2016
Figure 169: Turkish Broadband Internet Subscriptions (Million Users), 2007–2016
Figure 170: Turkish Personal Computer Penetration Rate (Per Hundred People), 2007–2016
Figure 171: Turkish Mobile Phone Penetration Rate (%), 2007–2016
Figure 172: Turkish Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 173: Turkish Unemployment Rate (%), 2007–2016
Figure 174: Turkish Annual Disposable Income (US$ Billion), 2007–2016
Figure 175: Turkish Annual Per Capita Disposable Income (US$), 2007–2016
Figure 176: Turkish Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 177: Turkish Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 178: Turkish Midyear Total Population (Million), 2007–2016
Figure 179: Turkish Urban and Rural Population (%), 2007–2016
Figure 180: Turkish Female as a Percentage of the Total Population (%), 2007–2016
Figure 181: Turkish Male as a Percentage of the Total Population (%), 2007–2016
Figure 182: Turkish Mean Age of Population (Years), 2007–2016
Figure 183: Turkish Median Age of Population (Years), 2007–2016
Figure 184: Turkey Population Density (per Square Kilometer), 2007–2016
Figure 185: Turkish Total Population Distribution by Age (%), 2007–2016
Figure 186: Turkish Male Population Distribution by Age (%), 2007–2016
Figure 187: Turkish Female Population Distribution by Age (%), 2007–2016
Figure 188: Turkish Number of Households (Million), 2007–2016
Figure 189: Global Terrorism Heat Map
Figure 190: Turkish Transparency Index, 2007–2010

COMPANIES MENTIONED

AXA Sigorta A.S
Anadolu Hayat Emeklilik A.S
Allianz Hayat ve Emeklilik AS
Yapi Kredi Emeklilik A.S.
Ergo Grubu Holdings A.S.
Groupama Sigorta
Gunes Sigorta A.S.
Eureko Sigorta
Mapfre Genel Yasam
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