Life Insurance in Turkey, Key Trends and Opportunities to 2019

Date: 2015-12
Pages:157
Price:

“• The Turkish life segment accounted for 14.4% of the industry’s gross written premium in 2014.

• Pension insurance was the largest category in the life segment during the review period, and accounted for 14.0% of the individual life sub-segment’s gross written premium in 2014.

• The leading 10 life insurers in Turkey held 82.5% of the segment’s gross written premium in 2014.

• Bancassurance was most popular distribution channel among Turkish life insurers, and accounted for 78.7% of the segment’s new business gross written premium in 2014.

• The country’s insurance penetration stood at 1.54% in 2013; lower than the European average of 7.68% and the global average of 6.3%.”

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