Turkey Insurance Sector Report 2021-2022

In 2020, Turkey’s insurance sector continued growing in double digits in line with the country’s positive economic development. The industry reported a compound annual growth rate (CAGR) of 21.8% in the five years to 2020, driven mainly by expanding non-life insurance. Despite its solid performance, the market is still well below the European average in terms of insurance penetration and density. The country’s developing economy with favorable demographics, high urbanisation rates, and expanding middle class are a fertile base for the further development of the sector. Still, the country’s macroeconomic risks, including currency fluctuations and high inflation will continue to cloud the industry's outlook

This report provides a complete and detailed analysis of the insurance sector for Turkey. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in Turkey
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in Turkey.
• Crystallise the forces both driving and restraining this sector in Turkey
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain Turkey’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Turkey.
• Build a clear picture of trends and issues for sub-sectors (life insurance, non-life insurance, reinsurance) and for retail channels.

See below for a complete table of report contents: