Turkey represents one of the largest insurance industries in Central and Eastern Europe. Between 2007 and 2011, the Turkish insurance industry recorded healthy growth which was attributed to the growing economy, strong FDI inflow in the insurance industry and the implementation of several laws aimed at the liberalization of the Turkish insurance industry. However, the country has one of the most underdeveloped life insurance industries among the emerging economies and the life insurance industry in the country contributes to less than one percent of total written premiums as a percentage of GDP. The low penetration of life insurance products in Turkey reflects the lack of public knowledge of the benefits of life insurance.
Report ScopeThis report provides a comprehensive analysis of the life insurance market in Turkey:
• It provides historical values for Turkey's insurance industry market size for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Turkey for the life insurance business
• It profiles the top life insurance companies in Turkey, and outlines the key regulations affecting them
• It provides a comprehensive analysis of the business environment and country risk for Turkey
Click for Report details:Industry Dynamics and Competitive Landscape in the Turkish Life Insurance Industry to 2016: Market Profile