Reinsurance in Turkey, Key Trends and Opportunities to 2019

Date: 2015-12

“• A rise in life expectancy and high frequency of natural disasters are expected to support the Turkish insurance industry’s growth over the forecast period. This will encourage global reinsurers to enter the segment.

• The Turkish reinsurance segment posted a review-period CAGR of 8.0%.

• The frequency of natural disasters amplified risk of losses. This will increase the volume of renewals and premium pricing.

• According to the Insurance Association of Turkey, Milli Reasürans and Artı Reasüran AŞ were the domestic reinsurers licensed to operate by the end of 2014. Apart from this international reinsurers such as Swiss Re and Lloyd’s were also active in the country.”

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