866-997-4948(US-Canada Toll Free)

Personal Accident and Health Insurance in Turkey, Key Trends and Opportunities to 2017

Published By :

Timetric

Published Date : Aug 2013

Category :

Health Insurance

No. of Pages : 213 Pages


Synopsis

The report provides in depth market analysis, information and insights of the Turkish personal accident and health insurance segment, including:

  • The Turkish personal accident and health insurance segment’s growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Turkish personal accident and health insurance segment
  • The competitive landscape in the personal accident and health insurance segment
  • A description of the personal accident and health reinsurance segment in Turkey

Executive summary

The Turkish personal accident and health insurance segment accounted for 15.4% of the overall insurance industry’s written premium in 2012, with a value of TRY2.9 billion (US$1.8 billion).The segment is highly competitive with 59 companies out of total 60 companies operating in personal accident insurance and 34 providing health insurance services. Due to growing competition and changes in the regulations, the segment is expected to consolidate. Rising medical expenditure, rapidly growing population and reforms by the government will be the major growth drivers of the segment over the forecast period.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Turkey:

  • It provides historical values for Turkey’s personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in Turkey’s personal accident and health insurance segment, along with forecasts until 2017
  • 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 personal accident and health insurance products in Turkey
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Turkish for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance segment in Turkey and its growth prospects
  • It profiles the top personal accident and health insurance companies in Turkish, and outlines the key regulations affecting them

Reasons to buy

  • Make strategic business decisions using historic and forecast market data related to the Turkish personal accident and health insurance segment and each sector within it
  • Understand the demand-side dynamics, key trends and growth opportunities within the Turkish personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and dynamics within key product categories
  • Gain insights into key regulations governing the Turkish insurance industry and its impact on companies and the segment\'s future

Key highlights

  • The Turkish insurance industry is among the fastest-growing industries in the world. In terms of gross written premium, the industry valued TRY19.1 billion (US$11.5 billion) in 2012.
  • The personal accident and health insurance segment, the third-largest segment, registered a CAGR of 12.6% during the review period.
  • Personal accident and health insurers are dependent on traditional modes of distribution such as brokers and agencies.
  • Economies of scale and strong brands will create the opportunity for better bargaining power, which will require consolidation of the fragmented segment.
Table of contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Personal Accident and Health Insurance
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Brokers
4.4.3 Bancassurance
4.4.4 Agencies

5 Turkish Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers

6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident
6.1.2 Travel insurance
6.1.3 Health insurance
6.1.4 Non-life health insurance

7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 Brokers

8 Porter’s Five Forces Analysis – Turkish Personal Accident and Health Insurance Segment
8.1 Bargaining Power of Supplier: Low to Medium
8.2 Bargaining Power of Buyer: Medium
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Regulations by Type of Insurance
10.2.1 Life insurance regulations
10.2.2 Property insurance regulations
10.2.3 Motor insurance regulations
10.2.4 Marine, aviation and transit insurance regulations
10.2.5 Personal accident and health insurance regulations
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Civil liability insurance for domestic and foreign aircraft flying within Turkish airspace
10.3.3 Third-party liability insurance for hazardous activities
10.3.4 Earthquake insurance for buildings
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Undersecretariat of Treasury
10.4.3 Insurance Association of Turkey
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Turkish Personal Accident and Health Insurance Segment
11.3 Yapı Kredi Sigorta AÅž – Company Overview
11.3.1 Yapı Kredi Sigorta AÅž – key facts
11.3.2 Yapı Kredi Sigorta AÅž – key financials
11.4 Allianz Sigorta AÅž – Company Overview
11.4.1 Allianz Sigorta AÅž – key facts
11.4.2 Allianz Sigorta AÅž – key financials
11.5 Anadolu Sigorta AÅž – Company Overview
11.5.1 Anadolu Sigorta AÅž – key facts
11.5.2 Anadolu Sigorta AÅž – key financials
11.6 AK Sigorata AÅž – Company Overview
11.6.1 AK Sigorata AÅž – key facts
11.6.2 AK Sigorata AÅž – key financials
11.7 Acıbadem SaÄŸlık ve Hayat Sigorta AÅž – Company Overview
11.7.1 Acıbadem SaÄŸlık ve Hayat Sigorta AÅž – key facts
11.7.2 Acıbadem SaÄŸlık ve Hayat Sigorta AÅž – key financials
11.8 Groupama Sigorta – Company Overview
11.8.1 Groupama Sigorta – key facts
11.8.2 Groupama Sigorta – key financials
11.9 Mapfre Genel YaÅŸam – Company Overview
11.9.1 Mapfre Genel YaÅŸam – key facts
11.9.2 Mapfre Genel YaÅŸam – key financials
11.1 Axa Sigorta AÅž – Company Overview
11.10.1 Axa Sigorta AÅž – key facts
11.10.2 Axa Sigorta AÅž – key financials
11.11 Eureko Sigorta – Company Overview
11.11.1 Eureko Sigorta – key facts
11.11.2 Eureko Sigorta – key financials
11.12 Mapfre Genel Sigorta – Company Overview
11.12.1 Mapfre Genel Sigorta – key facts
11.12.2 Mapfre Genel Sigorta – key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend – Istanbul Stock Exchange, Turkey
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US dollar)
12.2.3 GDP at current prices (US dollar)
12.2.4 GDP per capita at current prices (US dollar)
12.2.5 GDP by key sectors
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (TRY)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices (US dollar)
12.2.8 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.9 Manufacturing net output at current prices (TRY)
12.2.10 Manufacturing net output at current prices (US$)
12.2.11 Manufacturing net output at current prices as a percentage of GDP
12.2.12 Mining, manufacturing and utilities net output at current prices (TRY)
12.2.13 Mining, manufacturing and utilities at current prices (US$)
12.2.14 Mining, manufacturing and utilities at current prices, as a percentage of GDP
12.2.15 Construction net output at current prices (TRY)
12.2.16 Construction net output at current prices (US$)
12.2.17 Construction net output at current prices as a percentage of GDP
12.2.18 Inflation rate
12.2.19 Exports as a percentage of GDP
12.2.20 Imports as a percentage of GDP
12.2.21 Exports growth
12.2.22 Imports growth
12.2.23 Annual average exchange rate TRY–US$
12.3 Infrastructure Quality and Availability
12.3.1 Commercial vehicles exports total value
12.3.2 Commercial vehicles imports total value
12.3.3 Automotive exports total value
12.3.4 Automotive imports total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Total population
12.5.3 Urban and rural population
12.5.4 Median age of population
12.5.5 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact Us
13.3 About Timetric
13.4 Disclaimer

List of Table


Table 1: Insurance Industry Definitions 
Table 2: Turkish Insurance – Overall Written Premium by Segment (TRY Billion), 2008–2012 
Table 3: Turkish Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012 
Table 4: Turkish Insurance – Overall Written Premium by Segment (TRY Billion), 2012–2017 
Table 5: Turkish Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017 
Table 6: Turkish Insurance – Segmentation (% Share), 2008–2017 
Table 7: Turkish Personal Accident and Health Insurance – Written Premium by Category (TRY Billion), 2008–2012 
Table 8: Turkish Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2008–2012 
Table 9: Turkish Personal Accident and Health Insurance – Written Premium by Category (TRY Billion), 2012–2017 
Table 10: Turkish Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2012–2017 
Table 11: Turkish Personal Accident and Health Insurance – Earned Premium (TRY Billion), 2008–2012 
Table 12: Turkish Personal Accident and Health Insurance – Earned Premium (TRY Billion), 2012–2017 
Table 13: Turkish Personal Accident and Health Insurance – Paid Claims by Category (TRY Billion), 2008–2012 
Table 14: Turkish Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2008–2012 
Table 15: Turkish Personal Accident and Health Insurance – Paid Claims by Category (TRY Billion), 2012–2017 
Table 16: Turkish Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2012–2017 
Table 17: Turkish Personal Accident and Health Insurance – Incurred Loss by Category (TRY Billion), 2008–2012 
Table 18: Turkish Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2008–2012 
Table 19: Turkish Personal Accident and Health Insurance – Incurred Loss by Category (TRY Billion), 2012–2017 
Table 20: Turkish Personal Accident and Health Insurance – Incurred Loss by Category 
(US$ Billion), 2012–2017 
Table 21: Turkish Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012 
Table 22: Turkish Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017 
Table 23: Turkish Personal Accident and Health Insurance – Commission and Expenses (TRY Billion), 2008–2012 
Table 24: Turkish Personal Accident and Health Insurance – Commission and Expenses (TRY Billion), 2012–2017 
Table 25: Turkish Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012 
Table 26: Turkish Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017 
Table 27: Turkish Personal Accident and Health Insurance – Frauds and Crimes (TRY Billion), 2008–2012 
Table 28: Turkish Personal Accident and Health Insurance – Frauds and Crimes (TRY Billion), 2012–2017 
Table 29: Turkish Personal Accident and Health Insurance – Total Assets (TRY Billion), 2008–2012 
Table 30: Turkish Personal Accident and Health Insurance – Total Assets (TRY Billion), 2012–2017 
Table 31: Turkish Personal Accident and Health Insurance – Total Investment Income (TRY Billion), 2008–2012 
Table 32: Turkish Personal Accident and Health Insurance – Total Investment Income (TRY Billion), 2012–2017 
Table 33: Turkish Personal Accident and Health Insurance – Retentions (TRY Billion), 2008–2012 
Table 34: Turkish Personal Accident and Health Insurance – Retentions (TRY Billion), 2012–2017 
Table 35: Turkish Personal Accident Insurance – Number of Policies Sold (Thousand), 2008–2012 
Table 36: Turkish Personal Accident Insurance – Number of Policies Sold (Thousand), 2012–2017 
Table 37: Turkish Personal Accident Insurance – Written Premium (TRY Billion), 2008–2012 
Table 38: Turkish Personal Accident Insurance – Written Premium (TRY Billion), 2012–2017 
Table 39: Turkish Personal Accident Insurance – Loss Ratio (%), 2008–2012 
Table 40: Turkish Personal Accident Insurance – Loss Ratio (%), 2012–2017 
Table 41: Turkish Travel Insurance – Number of Policies Sold (Thousand), 2008–2012 
Table 42: Turkish Travel Insurance – Number of Policies Sold (Thousand), 2012–2017 
Table 43: Turkish Travel Insurance – Written Premium (TRY Billion), 2008–2012 
Table 44: Turkish Travel Insurance – Written Premium (TRY Billion), 2012–2017 
Table 45: Turkish Travel Insurance – Loss Ratio (%), 2008–2012 
Table 46: Turkish Travel Insurance – Loss Ratio (%), 2012–2017 
Table 47: Turkish Non-Life Health Insurance – Number of Policies Sold (Thousand), 2008–2012 
Table 48: Turkish Non-Life Health Insurance – Number of Policies Sold (Thousand), 2012–2017 
Table 49: Turkish Non-Life Health Insurance – Written Premium (TRY Billion), 2008–2012 
Table 50: Turkish Non-Life Health Insurance – Written Premium (TRY Billion), 2012–2017 
Table 51: Turkish Non-Life Health Insurance – Loss Ratio (%), 2008–2012 
Table 52: Turkish Non-Life Health Insurance – Loss Ratio (%), 2012–2017 
Table 53: Turkish Personal Accident and Health Insurance – Direct Marketing Commission Paid (TRY Billion), 2008–2012 
Table 54: Turkish Personal Accident and Health Insurance – Direct Marketing Commission Paid (TRY Billion), 2012–2017 
Table 55: Turkish Personal Accident and Health Insurance – Written Premium Through Direct Marketing (TRY Billion), 2008–2012 
Table 56: Turkish Personal Accident and Health Insurance – Written Premium Through Direct Marketing (TRY Billion), 2012–2017 
Table 57: Turkish Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012 
Table 58: Turkish Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017 
Table 59: Turkish Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2008–2012 
Table 60: Turkish Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2012–2017 
Table 61: Turkish Personal Accident and Health Insurance – Bancassurance Commission Paid (TRY Billion), 2008–2012 
Table 62: Turkish Personal Accident and Health Insurance – Bancassurance Commission Paid (TRY Billion), 2012–2017 
Table 63: Turkish Personal Accident and Health Insurance – Written Premium Through Bancassurance (TRY Billion), 2008–2012 
Table 64: Turkish Personal Accident and Health Insurance – Written Premium Through Bancassurance (TRY Billion), 2012–2017 
Table 65: Turkish Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012 
Table 66: Turkish Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017 
Table 67: Turkish Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2008–2012 
Table 68: Turkish Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2012–2017 
Table 69: Turkish Personal Accident and Health Insurance – Commission Paid to Agencies (TRY Billion), 2008–2012 
Table 70: Turkish Personal Accident and Health Insurance – Commission Paid to Agencies (TRY Billion), 2012–2017 
Table 71: Turkish Personal Accident and Health Insurance – Written Premium Through Agencies (TRY Billion), 2008–2012 
Table 72: Turkish Personal Accident and Health Insurance – Written Premium Through Agencies (TRY Billion), 2012–2017 
Table 73: Turkish Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2008–2012 
Table 74: Turkish Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2012–2017 
Table 75: Turkish Personal Accident and Health Insurance – Number of Agencies, 2008–2012 
Table 76: Turkish Personal Accident and Health Insurance – Number of Agencies, 2012–2017 
Table 77: Turkish Personal Accident and Health Insurance – Commission Paid to Brokers (TRY Billion), 2008–2012 
Table 78: Turkish Personal Accident and Health Insurance – Commission Paid to Brokers (TRY Billion), 2012–2017 
Table 79: Turkish Personal Accident and Health Insurance – Written Premium Through Brokers (TRY Billion), 2008–2012 
Table 80: Turkish Personal Accident and Health Insurance – Written Premium Through Brokers (TRY Billion), 2012–2017 
Table 81: Turkish Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2008–2012 
Table 82: Turkish Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2012–2017 
Table 83: Turkish Personal Accident and Health Insurance – Number of Brokers, 2008–2012 
Table 84: Turkish Personal Accident and Health Insurance – Number of Brokers, 2012–2017 
Table 85: Turkish Reinsurance by Category (TRY Billion), 2008–2012 
Table 86: Turkish Reinsurance by Category (US$ Billion), 2008–2012 
Table 87: Turkish Reinsurance by Category (TRY Billion), 2012–2017 
Table 88: Turkish Reinsurance by Category (US$ Billion), 2012–2017 
Table 89: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2008–2012 
Table 90: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012 
Table 91: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2012–2017 
Table 92: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017 
Table 93: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012 
Table 94: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017 
Table 95: Turkey – Life Insurance Regulatory Framework 
Table 96: Turkey – Property Insurance Regulatory Framework 
Table 97: Turkey – Motor Insurance Regulatory Framework 
Table 98: Turkey – Tariff Rate for Motor Third-Party Liability Insurance 
Table 99: Turkey – Motor Third-Party Liability Insurance Cover Limits (TRY) 
Table 100: Turkey – Motor Third-Party Liability Insurance Cover Limits (US$) 
Table 101: Turkey – Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage 
Table 102: Turkey – Tariff Rates Based on Earthquake Zones and Building Type 
Table 103: Turkey – Corporate Tax Rates for the Financial Year 2013 
Table 104: Shares of Key Insurers in the Turkish Personal Accident and Health Insurance Segment (%), 2011
Table 105: Yapı Kredi Sigorta AÅž, Key Facts 
Table 106: Yapı Kredi Sigorta AÅž, Key Financials (TRY Million), 2008–2012 
Table 107: Allianz Sigorta AÅž, Key Facts 
Table 108: Allianz Sigorta AÅž, Key Financials (TRY Million), 2008–2011 
Table 109: Anadolu Sigorta AÅž, Key Facts 
Table 110: Anadolu Sigorta AÅž, Key Financials (TRY Million), 2008–2012 
Table 111: AK Sigorata AÅž, Key Facts 
Table 112: AK Sigorata AÅž, Key Financials (TRY Million), 2008–2012 
Table 113: Acıbadem SaÄŸlık ve Hayat Sigorta AÅž – Key Facts 
Table 114: Acıbadem SaÄŸlık ve Hayat Sigorta AÅž, Key Financials (TRY Million), 2008–2012 
Table 115: Groupama Sigorta – Key Facts 
Table 116: Groupama Sigorta, Key Financials (TRY Million), 2008–2012 
Table 117: Mapfre Genel YaÅŸam – Key Facts 
Table 118: Mapfre Genel YaÅŸam, Key Financials (TRY Million), 2008–2012 
Table 119: Axa Sigorta AÅž, Key Facts 
Table 120: Axa Sigorta AÅž, Key Financials (TRY Million), 2008–2012 
Table 121: Eureko Sigorta, Key Facts 
Table 122: Eureko Sigorta, Key Financials (TRY Million), 2008–2011 
Table 123: Mapfre Genel Sigorta – Key Facts 
Table 124: Mapfre Genel Sigorta, Key Financials (TRY Million), 2008–2012

List of Chart


Figure 1: Peer Group (US$10–40 billion) Insurance Markets – Economies and Populations, 2011 
Figure 2: Peer Group (US$10–40 billion) Insurance Markets – Growth Trends in the Insurance Industry (%), 2007–2016 
Figure 3: Peer Group (US$10–40 billion) Insurance Markets – Total Industry Values by Segment (US$ Billion), 2011 
Figure 4: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Growth Trends (%), 2007–2016 
Figure 5: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Gross Written Premiums (US$ Billion), 2007–2016 
Figure 6: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Premiums Per Capita (US$), 2007–2016 
Figure 7: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Penetration (% of GDP), 2011 and 2016 
Figure 8: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Gross Written Premium Growth (%), 2007–2016 
Figure 9: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Gross Written Premium Capita Growth (%), 2007–2016 
Figure 10: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Loss Ratios (%), 2011 and 2016 
Figure 11: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Combined Ratios (%), 2011 and 2016 
Figure 12: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Incurred Losses per Capita (US$), 2011 and 2016 
Figure 13: Peer Group (US$10–40 Billion) Insurance Markets – Personal Accident and Health Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016 
Figure 14: Peer Group (US$10–40 Billion) Insurance Markets – Direct Marketing Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007–2016 
Figure 15: Peer Group (US$10–40 Billion) Insurance Markets – Insurance Brokers’ Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007–2016 
Figure 16: Peer Group (US$10–40 Billion) Insurance Markets – Bancassurance Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007–2016 
Figure 17: Peer Group (US$10–40 Billion) Insurance Markets – Agencies’ Share of Personal Accident and Health insurance Gross Written Premium (%), 2007–2016 
Figure 18: Turkish Insurance – Overall Written Premium by Segment (TRY Billion), 2008–2017 
Figure 19: Turkish Insurance – Dynamics by Segment (%), 2008–2017 
Figure 20: Turkish Personal Accident and Health Insurance – Written Premium by Category (TRY Billion), 2008–2017 
Figure 21: Turkish Personal Accident and Health Insurance – Written Premium by Category (% Share), 2012 and 2017 
Figure 22: Turkish Personal Accident and Health Insurance – Dynamics by Category (%), 2008–2017 
Figure 23: Turkish Personal Accident and Health Insurance – Earned Premium (TRY Billion), 2008–2012 
Figure 24: Turkish Personal Accident and Health Insurance – Earned Premium (TRY Billion), 2012–2017 
Figure 25: Turkish Personal Accident and Health Insurance – Paid Claims by Category (TRY Billion), 2008–2017 
Figure 26: Turkish Personal Accident and Health Insurance – Incurred Loss by Category (TRY Billion), 2008–2017 
Figure 27: Turkish Personal Accident and Health Insurance – Loss Ratio (%), 2008–2012 
Figure 28: Turkish Personal Accident and Health Insurance – Loss Ratio (%), 2012–2017 
Figure 29: Turkish Personal Accident and Health Insurance – Commission and Expenses (TRY Billion), 2008–2012 
Figure 30: Turkish Personal Accident and Health Insurance – Commission and Expenses (TRY Billion), 2012–2017 
Figure 31: Turkish Personal Accident and Health Insurance – Combined Ratio (%), 2008–2012 
Figure 32: Turkish Personal Accident and Health Insurance – Combined Ratio (%), 2012–2017 
Figure 33: Turkish Personal Accident and Health Insurance – Frauds and Crimes (TRY Billion), 2008–2012 
Figure 34: Turkish Personal Accident and Health Insurance – Frauds and Crimes (TRY Billion), 2012–2017 
Figure 35: Turkish Personal Accident and Health Insurance – Total Assets (TRY Billion), 2008–2012 
Figure 36: Turkish Personal Accident and Health Insurance – Total Assets (TRY Billion), 2012–2017 
Figure 37: Turkish Personal Accident and Health Insurance – Total Investment Income (TRY Billion), 2008–2012 
Figure 38: Turkish Personal Accident and Health Insurance – Total Investment Income (TRY Billion), 2012–2017 
Figure 39: Turkish Personal Accident and Health Insurance – Retentions (TRY Billion), 2008–2012 
Figure 40: Turkish Personal Accident and Health Insurance – Retentions (TRY Billion), 2012–2017 
Figure 41: Turkish Personal Accident and Health Insurance – Investment Portfolio (TRY Billion), 2008–2012 
Figure 42: Turkish Personal Accident and Health Insurance – Penetration (% of GDP), 2008–2012 
Figure 43: Turkish Personal Accident and Health Insurance – Number of Policies Sold (Million), 2008–2012 
Figure 44: Turkish Personal Accident and Health Insurance – Number of Policies Sold (Million), 2012–2017 
Figure 45: Turkish Personal Accident and Health Insurance – Premium Per Capita (TRY), 2008–2012 
Figure 46: Turkish Personal Accident Insurance – Number of Policies Sold (Million), 2008–2012 
Figure 47: Turkish Personal Accident Insurance – Number of Policies Sold (Million), 2012–2017 
Figure 48: Turkish Personal Accident Insurance – Written Premium (TRY Billion), 2008–2012 
Figure 49: Turkish Personal Accident Insurance – Written Premium (TRY Billion), 2012–2017 
Figure 50: Turkish Personal Accident Insurance – Loss Ratio (%), 2008–2012 
Figure 51: Turkish Personal Accident Insurance – Loss Ratio (%), 2012–2017 
Figure 52: Turkish Travel Insurance – Number of Policies Sold (Thousand), 2008–2012 
Figure 53: Turkish Travel Insurance – Number of Policies Sold (Million), 2012–2017 
Figure 54: Turkish Travel Insurance – Written Premium (TRY Billion), 2008–2012 
Figure 55: Turkish Travel Insurance – Written Premium (TRY Billion), 2012–2017 
Figure 56: Turkish Travel Insurance – Loss Ratio (%), 2008–2012 
Figure 57: Turkish Travel Insurance – Loss Ratio (%), 2012–2017 
Figure 58: Turkish Non-Life Health Insurance – Number of Policies Sold (Million), 2008–2012 
Figure 59: Turkish Non-Life Health Insurance – Number of Policies Sold (Million), 2012–2017 
Figure 60: Turkish Non-Life Health Insurance – Written Premium (TRY Billion), 2008–2012 
Figure 61: Turkish Non-Life Health Insurance – Written Premium (TRY Billion), 2012–2017 
Figure 62: Turkish Non-Life Health Insurance – Loss Ratio (%), 2008–2012 
Figure 63: Turkish Non-Life Health Insurance – Loss Ratio (%), 2012–2017 
Figure 64: Turkish Personal Accident and Health Insurance – Written Premium by Distribution Channel (% Share), 2012 and 2017 
Figure 65: Turkish Personal Accident and Health Insurance – Direct Marketing Commission Paid (TRY Billion), 2008–2012 
Figure 66: Turkish Personal Accident and Health Insurance – Direct Marketing Commission Paid (TRY Billion), 2012–2017 
Figure 67: Turkish Personal Accident and Health Insurance – Written Premium Through Direct Marketing (TRY Billion), 2008–2012 
Figure 68: Turkish Personal Accident and Health Insurance – Written Premium Through Direct Marketing (TRY Billion), 2012–2017 
Figure 69: Turkish Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Million), 2008–2012 
Figure 70: Turkish Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Million), 2012–2017 
Figure 71: Turkish Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2008–2012 
Figure 72: Turkish Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2012–2017 
Figure 73: Turkish Personal Accident and Health Insurance – Bancassurance Commission Paid (TRY Billion), 2008–2012 
Figure 74: Turkish Personal Accident and Health Insurance – Bancassurance Commission Paid (TRY Billion), 2012–2017 
Figure 75: Turkish Personal Accident and Health Insurance – Written Premium Through Bancassurance (TRY Billion), 2008–2012 
Figure 76: Turkish Personal Accident and Health Insurance – Written Premium Through Bancassurance (TRY Billion), 2012–2017 
Figure 77: Turkish Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Million), 2008–2012 
Figure 78: Turkish Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Milion), 2012–2017 
Figure 79: Turkish Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2008–2012 
Figure 80: Turkish Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2012–2017 
Figure 81: Turkish Personal Accident and Health Insurance – Commission Paid to Agencies (TRY Billion), 2008–2012 
Figure 82: Turkish Personal Accident and Health Insurance – Commission Paid to Agencies (TRY Billion), 2012–2017 
Figure 83: Turkish Personal Accident and Health Insurance – Written Premium Through Agencies (TRY Billion), 2008–2012 
Figure 84: Turkish Personal Accident and Health Insurance – Written Premium Through Agencies (TRY Billion), 2012–2017 
Figure 85: Turkish Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2008–2012 
Figure 86: Turkish Personal Accident and Health Insurance – Policies Sold Through Agencies (Million), 2012–2017 
Figure 87: Turkish Personal Accident and Health Insurance – Number of Agencies, 2008–2012 
Figure 88: Turkish Personal Accident and Health Insurance – Number of Agencies, 2012–2017 
Figure 89: Turkish Personal Accident and Health Insurance – Commission Paid to Brokers (TRY Billion), 2008–2012 
Figure 90: Turkish Personal Accident and Health Insurance – Commission Paid to Brokers (TRY Billion), 2012–2017 
Figure 91: Turkish Personal Accident and Health Insurance – Written Premium Through Brokers (TRY Billion), 2008–2012 
Figure 92: Turkish Personal Accident and Health Insurance – Written Premium Through Brokers (TRY Billion), 2012–2017 
Figure 93: Turkish Personal Accident and Health Insurance – Policies Sold Through Brokers (Million), 2008–2012 
Figure 94: Turkish Personal Accident and Health Insurance – Policies Sold Through Brokers (Million), 2012–2017 
Figure 95: Turkish Personal Accident and Health Insurance – Number of Brokers, 2008–2012 
Figure 96: Turkish Personal Accident and Health Insurance – Number of Brokers, 2012–2017 
Figure 97: Turkish Personal Accident and Health Insurance – Porter’s Five Forces Analysis 
Figure 98: Turkish Premium Ceded to Reinsurance by Category (TRY Billion), 2008–2017 
Figure 99: Turkish Premium Ceded to Reinsurance by Category (% Share), 2012 and 2017 
Figure 100: Turkish Reinsurance – Dynamics by Category (%), 2008–2017 
Figure 101: Turkish Premium Ceded to Reinsurance by Insurance Segment (TRY Billion), 2008–2017 
Figure 102: Turkish Reinsurance – Dynamics by Insurance Segment (%), 2008–2017 
Figure 103: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012 
Figure 104: Turkish Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017 
Figure 105: Turkey – Insurance Regulatory Framework 
Figure 106: Turkey – Insurance Supervision and Control at Various Levels 
Figure 107: Turkey – Insurance Regulatory Frameworks for Company Registration and Operation 
Figure 1: Shares of Key Insurers in the Turkish Personal Accident and Health Insurance Segment (%), 2011 
Figure 108: Turkish Stock Exchange Market Capitalization (US$ Billion), 2007–2011 
Figure 109: Turkish GDP at Constant Prices (US$ Billion), 2007–2011 
Figure 110: Turkish GDP Per Capita at Constant Prices (US$), 2007–2011 
Figure 111: Turkish GDP at Current Prices (US$ Billion), 2007–2011 
Figure 112: Turkish GDP Per Capita at Current Prices (US$), 2007–2011 
Figure 113: Turkish GDP by Key Sectors (%) 2007 and 2011 
Figure 114: Turkish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (TRY Billion), 2007–2011 
Figure 115: Turkish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2011 
Figure 116: Turkish Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 
Figure 117: Turkish Manufacturing Net Output at Current Prices (TRY Billion), 2007–2011 
Figure 118: Turkish Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011 
Figure 119: Turkish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 
Figure 120: Turkey Mining, Manufacturing and Utilities Net Output at Current Prices (TRY Billion), 2007–2011 
Figure 121: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 122: Turkish Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011 
Figure 123: Turkish Construction Net Output at Current Prices (TRY Billion), 2007–2011 
Figure 124: Turkish Construction Net Output at Current Prices (US$ Billion), 2007–2011 
Figure 125: Turkish Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011 
Figure 126: Turkish Inflation Rate (%), 2007–2011 
Figure 127: Turkish Exports as a Percentage of GDP (%), 2007–2011 
Figure 128: Turkish Imports as a Percentage of GDP (%), 2007–2011 
Figure 129: Turkish Exports Growth (%), 2007–2011 
Figure 130: Turkish Imports Growth (%), 2007–2011 
Figure 131: Turkish Annual Average Exchange Rate (US$–TRY), 2007–2011 
Figure 132: Turkish Commercial Vehicles Exports Total Value (US$ Million), 2007–2011 
Figure 133: Turkish Commercial Vehicles Imports Total Value (US$ Million), 2007–2011 
Figure 134: Turkish Automotive Exports Total Value (US$ Million), 2007–2010 
Figure 135: Turkish Automotive Imports Total Value (US$ Million), 2007–2011 
Figure 136: Turkish Internet Subscriptions (Million), 2007–2011 
Figure 137: Turkish Size of Labor Force in 15–59 Age Group (Million), 2007–2011 
Figure 138: Turkish Unemployment Rate (%), 2007–2011 
Figure 139: Turkish Gross National Disposable Income (US$ Billion), 2007–2011 
Figure 140: Turkish Total Population (Million), 2007–2011 
Figure 141: Turkish Urban and Rural Population (%), 2007–2011 
Figure 142: Turkish Median Age of Population (Year), 2007–2011 
Figure 143: Turkish Population Distribution by Age (%), 2007–2011

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *