Summary
Non-Life Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The Turkish non-life insurance market had total gross written premiums of $10.2bn in 2017, representing a compound annual growth rate (CAGR) of 16.3% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $5.1bn, equivalent to 49.8% of the market's overall value.
- The growth of the Turkish market has been fueled by demand for motor insurance products, with the number of written policies and the value of premiums rising sharply, in line with the growing income of the population.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Turkey
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the Turkey non-life insurance market by value in 2017?
- What will be the size of the Turkey non-life insurance market in 2022?
- What factors are affecting the strength of competition in the Turkey non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Turkey's non-life insurance market?
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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 20
Degree of rivalry 21
Leading Companies 23
Allianz Group 23
Mapfre S.A. 27
Anadolu Anonim Turk Sigorta Sirketi 31
AXA Sigorta A.S. 34
Macroeconomic Indicators 37
Country data 37
Methodology 39
Industry associations 40
Related MarketLine research 40
Appendix 41
About MarketLine 41
List of Tables
Table 1: Turkey non-life insurance market value: $ billion, 2013–17
Table 2: Turkey non–life insurance market category segmentation: $ billion, 2017
Table 3: Turkey non–life insurance market geography segmentation: $ billion, 2017
Table 4: Turkey non-life insurance market share: % share, by value, 2017
Table 5: Turkey non-life insurance market value forecast: $ billion, 2017–22
Table 6: Allianz Group: key facts
Table 7: Allianz Group: key financials ($)
Table 8: Allianz Group: key financials (€)
Table 9: Allianz Group: key financial ratios
Table 10: Mapfre S.A.: key facts
Table 11: Mapfre S.A.: key financials ($)
Table 12: Mapfre S.A.: key financials (€)
Table 13: Mapfre S.A.: key financial ratios
Table 14: Anadolu Anonim Turk Sigorta Sirketi: key facts
Table 15: Anadolu Anonim Turk Sigorta Sirketi: key financials ($)
Table 16: Anadolu Anonim Turk Sigorta Sirketi: key financials (TL)
Table 17: Anadolu Anonim Turk Sigorta Sirketi: key financial ratios
Table 18: AXA Sigorta A.S.: key facts
Table 19: AXA Sigorta A.S.: key financials ($)
Table 20: AXA Sigorta A.S.: key financials (TL)
Table 21: AXA Sigorta A.S.: key financial ratios
Table 22: Turkey size of population (million), 2013–17
Table 23: Turkey gdp (constant 2005 prices, $ billion), 2013–17
Table 24: Turkey gdp (current prices, $ billion), 2013–17
Table 25: Turkey inflation, 2013–17
Table 26: Turkey consumer price index (absolute), 2013–17
Table 27: Turkey exchange rate, 2013–17
List of Figures
Figure 1: Turkey non-life insurance market value: $ billion, 2013–17
Figure 2: Turkey non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Turkey non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Turkey non-life insurance market share: % share, by value, 2017
Figure 5: Turkey non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in Turkey, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in Turkey, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in Turkey, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Turkey, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Turkey, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Turkey, 2017
Figure 12: Allianz Group: revenues & profitability
Figure 13: Allianz Group: assets & liabilities
Figure 14: Mapfre S.A.: revenues & profitability
Figure 15: Mapfre S.A.: assets & liabilities
Figure 16: Anadolu Anonim Turk Sigorta Sirketi: revenues & profitability
Figure 17: Anadolu Anonim Turk Sigorta Sirketi: assets & liabilities
Figure 18: AXA Sigorta A.S.: revenues & profitability
Figure 19: AXA Sigorta A.S.: assets & liabilities
