Reinsurance in Turkey, Key Trends and Opportunities to 2018

Published: Jun, 2014 | Pages: 74 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth market analysis, information and insights into the Turkish reinsurance segment, including:
The Turkish reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment  
The Turkish reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Turkish reinsurance segment 

Summary
Led by impressive growth in the insurance industry, the Turkish reinsurance segment expanded at a review-period (2009?2013) compound annual growth rate (CAGR) of 6.9%, due to frequent natural disasters in the country. The robust growth of the Turkish insurance industry also supported the growth of reinsurance.
Over the forecast period (2013?2018), a high risk of losses from natural disasters is likely to lead to increases in renewal and premium pricing, driving growth in the reinsurance segment. Challenging global economic conditions, the rising cost of capital, and the need for long-term risk management are all expected to fuel demand for reinsurance, as insurers focus on managing underwriting performance.  
Scope
This report provides a comprehensive analysis of the reinsurance segment in Turkey:
It provides historical values for Turkey's reinsurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key sub-segments in Turkey's reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Turkey and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Turkish reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Turkish reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Turkish insurance industry and its impact on companies and the market's future 
Key Highlights
 Led by impressive growth in the insurance industry, the Turkish reinsurance segment expanded at a review-period (2009?2013) compound annual growth rate (CAGR) of 6.9%.
Strategic location of Turkey attracts foreign investors 
The country is prone to earthquakes due to its geographical proximity to the North Anatolian Fault, leading to an increased number of claims and losses for insurers.
Much of Turkey's population follows Islam, which prevents them from buying conventional insurance products. As a result, demand for Takaful insurance in Turkey is high and growing.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Turkish Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2009-2018
4.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Milli Reasurans TA? - Company Overview
6.2.1 Milli Reasurans TA? - key facts
6.2.2 Milli Reasurans TA? - key fincial alysis
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Istanbul Stock Exchange, Turkey
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segment
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate TRY-US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports - total value
7.3.2 Commercial vehicles imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Household consumption expenditure (US$)
7.5.2 Total population
7.5.3 Urban and rural populations
7.5.4 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Turkish Insurance - Gross Written Premium by Segment (TRY Billion), 2009-2013
Table 3: Turkish Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Turkish Insurance - Gross Written Premium by Segment (TRY Billion), 2013-2018
Table 5: Turkish Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Turkish Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Turkish Insurance - Direct Written Premium by Segment (TRY Billion), 2009-2013
Table 8: Turkish Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: Turkish Insurance - Direct Written Premium by Segment (TRY Billion), 2013-2018
Table 10: Turkish Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: Turkish Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 12: Turkish Reinsurance Accepted by Category (TRY Billion), 2009-2013
Table 13: Turkish Reinsurance Accepted by Category (US$ Billion), 2009-2013
Table 14: Turkish Reinsurance Accepted by Category (TRY Billion), 2013-2018
Table 15: Turkish Reinsurance Accepted by Category (US$ Billion), 2013-2018
Table 16: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2009-2013
Table 17: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009-2013
Table 18: Turkish Premium Ceded to Reinsurance by Type of Insurance (TRY Billion), 2013-2018
Table 19: Turkish Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013-2018
Table 20: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 21: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 22: Turkish Non-Life Insurance -  Percentage of Reinsurance Ceded, 2009-2013
Table 23: Turkish Non-Life Insurance -  Percentage of Reinsurance Ceded, 2013-2018
Table 24: Turkish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 25: Turkish Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 26: Milli Reasurans TA?, Key Facts
Table 27: Milli Reasurans TA?, Key Fincial Alysis (TRY million),2008-2012