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Emerging Market and Investment Opportunities in Turkish Motor Insurance to 2016 Product Image

Emerging Market and Investment Opportunities in Turkish Motor Insurance to 2016

  • ID: 2093695
  • March 2012
  • Region: Turkey
  • 59 Pages
  • BRICdata

FEATURED COMPANIES

  • Allianz SE
  • AXA SA
  • Groupama Sigorta
  • Gunes Sigorta
  • Mapfre Genel Yasam
  • MORE

Synopsis:

The report provides top-level market analysis, information and insights into the Turkish motor insurance industry, including:
- Current, historic and forecast values for the Turkish motor insurance industry
- Comprehensive, country-specific analysis of the industry’s market attractiveness covering key trends and drivers, plus benchmarking with other key markets
- Detailed analysis of the business and operations strategy used by various motor insurers in the market, including marketing strategy and social media strategy
- Detailed analysis of the challenges affecting the Turkish motor insurance industry
- Company profiles of the major insurers in the Turkish motor insurance market

Summary:

The Turkish motor insurance category has benefited from the country’s rising number of automobile sales and improving economic conditions. As a result, the Turkish motor insurance category increased in written premium value from TRY4.7 billion in 2007 to TRY5.5 billion in 2011, at a compound annual growth rate (CAGR) of 4.46% during the review period (2007–2011). In addition, the volume of motor insurance policies sold in Turkey increased READ MORE >

FEATURED COMPANIES

  • Allianz SE
  • AXA SA
  • Groupama Sigorta
  • Gunes Sigorta
  • Mapfre Genel Yasam
  • MORE

1 Executive Summary

2 Turkish Motor Insurance Market Environment
2.1 Macroeconomic fundamentals
2.1.1 Turkey – GDP at constant prices
2.1.2 Turkey – GDP by key sectors
2.1.3 Turkey – inflation rate
2.2 Business Confidence
2.2.1 Turkey – business confidence
2.2.2 Turkey – market capitalization
2.3 Consumer Confidence
2.3.1 Turkey– annual disposable income
2.3.2 Turkey – unemployment rate
2.4 Turkish Automobile Industry Outlook
2.5 Market Share of Motor Insurance in the Non-Life Insurance Segment

3 Market Sizing and Future Growth Potential
3.1 Turkey’s Position Among the Emerging Motor Insurance Categories
3.2 Turkish Motor Insurance – Market Size by Volume of Policies Sold
3.3 Turkish Motor Insurance – Market Size by Written Premium Value
3.4 Turkish Motor Insurance Market Size by Sub-Category
3.4.1 Motor hull – market size by volume
3.4.2 Motor hull – market size by value
3.4.3 Motor third-party liability insurance – market size by volume
3.4.4 Motor third-party liability insurance – market size by value

4 Market Attractiveness and Challenges
4.1 Profitability Indicators
4.1.1 Earned premium
4.1.2 Gross claims
4.1.3 Paid claims
4.1.4 Incurred loss
4.1.5 Loss ratio
4.2 Trends and Growth Drivers
4.3 Challenges

5 Market Entry Strategy and Competitive Landscape
5.1 Regulatory Framework
5.2 Entry Strategy
5.3 Competitive Landscape and Industry Structure

6 Business and Marketing Strategy
6.1 Marketing Strategy
6.1.1 Product strategy
6.1.2 Social media marketing
6.2 Distribution Strategy
6.2.1 Agencies
6.2.2 Bancassurance
6.2.3 Call centers
6.2.4 Internet
6.2.5 Brokers

7 Operations Strategy
7.1 Claim Management
7.2 IT Systems

8 Company Profiles
8.1 AXA SA
8.1.1 AXA SA – company overview
8.1.2 AXA SA – business description
8.1.3 AXA SA – key facts
8.1.4 AXA SA – main products
8.2 Allianz SE
8.2.1 Allianz SE – company overview
8.2.2 Allianz SE – business description
8.2.3 Allianz SE – key facts
8.2.4 Allianz SE – main products
8.3 Groupama Sigorta
8.3.1 Groupama Sigorta– company overview
8.3.2 Groupama Sigorta – key facts
8.3.3 Groupama Sigorta – main products
8.4 Gunes Sigorta
8.4.1 Gunes Sigorta– company overview
8.4.2 Gunes Sigorta – key facts
8.4.3 Gunes Sigorta – main products
8.5 Mapfre Genel Yasam
8.5.1 Mapfre Genel Yasam– company overview
8.5.2 Mapfre Genel Yasam – key facts
8.5.3 Mapfre Genel Yasam – main products

9 Appendix
9.1 About BRICdata
9.1.1 Areas of expertise
9.2 Methodology
9.3 Definitions
9.4 Disclaimer

List of Tables

Table 1: Turkey – GDP at Constant Prices (US$ Billion), 2007–2016 (Base Year 1999–2000)
Table 2: Turkey – GDP by Key Sectors (% Share), 2007 vs 2011
Table 3: Turkey – Inflation Rate (%), 2007–2016
Table 4: Turkey – Annual Disposable Income (US$ Billion), 2007–2016
Table 5: Turkey – Domestic Automobile Sales Units, 2008–2011
Table 6: Turkey – Domestic Motorcycle Sales Units (Million), 2007–2011
Table 7: Turkish Non-Life Insurance – Market Size by Category (TRY Billion), 2007–2011
Table 8: Turkish Non-Life Insurance – Market Size by Category (US$ Billion), 2007–2011
Table 9: Turkish Non-Life Insurance – Market Size by Category (TRY Billion), 2012–2016
Table 10: Turkish Non-Life Insurance – Market Size by Category (US$ Million), 2012–2016
Table 11: Turkish Motor Insurance – Market Size by Volume (Million), 2007–2011
Table 12: Turkish Motor Insurance – Market Size by Volume (Million), 2012–2016
Table 13: Turkish Motor Insurance – Market Size by Value (TRY Billion), 2007–2011
Table 14: Turkish Motor Insurance – Market Size by Value (US$ Billion), 2007–2011
Table 15: Turkish Motor Insurance – Market Size by Value (TRY Billion), 2012–2016
Table 16: Turkish Motor Insurance – Market Size by Value (US$ Billion), 2012–2016
Table 17: Turkish Motor Hull Insurance – Market Size by Volume (Million), 2007–2011
Table 18: Turkish Motor Hull Insurance – Market Size by Volume (Million), 2012–2016
Table 19: Turkish Motor Hull Insurance – Market Size by Value (TRY Billion), 2007–2011
Table 20: Turkish Motor Hull Insurance – Market Size by Value (US$ Billion), 2007–2011
Table 21: Turkish Motor Hull Insurance – Market Size by Value (TRY Billion), 2012–2016
Table 22: Turkish Motor Hull Insurance – Market Size by Value (US$ Billion), 2012–2016
Table 23: Turkish Motor Third-Party Liability Insurance – Market Size by Volume (Million), 2007–2011
Table 24: Turkish Motor Third-Party Liability Insurance – Market Size by Volume (Million), 2012–2016
Table 25: Turkish Motor Third-Party Liability Insurance – Market Size by Value (TRY Billion), 2007–2011
Table 26: Turkish Motor Third-Party Liability Insurance – Market Size by Value (US$ Billion), 2007–2011
Table 27: Turkish Motor Third-Party Liability Insurance – Market Size by Value (TRY Billion), 2012–2016
Table 28: Turkish Motor Third-Party Liability Insurance – Market Size by Value (US$ Billion), 2012–2016
Table 29: Turkish Motor Insurance – Earned Premium, 2007–2016
Table 30: Turkish Motor Insurance – Gross Claims, 2007–2016
Table 31: Turkish Motor Insurance – Paid Claims, 2007–2016
Table 32: Turkish Motor Insurance – Incurred Loss, 2007–2016
Table 33: Turkish Motor Insurance – Loss Ratio (%), 2007–2016
Table 34: Turkey – Domestic Automobile Sales (Units), 2008–2011
Table 35: Turkish Motor Insurance – Market Shares of Leading Companies, 2010
Table 36: AXA SA, Key Facts
Table 37: AXA SA, Main Products
Table 38: Allianz SE, Key Facts
Table 39: Allianz SE, Main Products
Table 40: Groupama Sigorta, Key Facts
Table 41: Groupama Sigorta, Main Products
Table 42: Gunes Sigorta, Key Facts
Table 43: Gunes Sigorta, Main Products
Table 44: Mapfre Genel Yasam, Key Facts
Table 45: Mapfre Genel Yasam, Main Products
Table 46: Insurance Industry Definitions
Table 47: Exchange Rates (TRY–US$), 2007–2016

List of Figures

Figure 1: Turkey – GDP at Constant Prices (US$ Billion), 2007–2016 (Base Year 1999–2000)
Figure 2: Turkey – GDP by Key Sectors (% Share), 2007 vs 2011
Figure 3: Turkey – Inflation Rate (%), 2007–2016
Figure 4: Turkey – Business Confidence Index, 2008–2010
Figure 5: Istanbul Stock Exchange (ISE) Market Capitalization (US$ Billion), 2004–2010
Figure 6: Turkey – Annual Disposable Income (US$ Billion), 2007–2016
Figure 7: Turkey – Unemployment Rate (%), 2007–2016
Figure 8: Turkey – Domestic Automobile Sales Units (Thousand), 2008–2011
Figure 9: Turkey – Domestic Motorcycle Sales Units (Million), 2007–2011
Figure 10: Turkish Non-Life Insurance – Market Size (TRY Billion), 2007–2016
Figure 11: Emerging Motor Insurance Categories’ Penetration and Growth Rate, 2007–2011
Figure 12: Turkish Motor Insurance – Market Size by Volume (Million), 2007–2011
Figure 13: Turkish Motor Insurance – Market Size by Volume (Million), 2012–2016
Figure 14: Turkish Motor Insurance – Market Size by Value (TRY Billion), 2007–2011
Figure 15: Turkish Motor Insurance – Market Size by Value (TRY Billion), 2012–2016
Figure 16: Turkish Motor Hull Insurance – Market Size by Volume (Million), 2007–2011
Figure 17: Turkish Motor Hull Insurance – Market Size by Volume (Million), 2012–2016
Figure 18: Turkish Motor Hull Insurance – Market Size by Value (TRY Billion), 2007–2011
Figure 19: Turkish Motor Hull Insurance – Market Size by Value (TRY Billion), 2012–2016
Figure 20: Turkish Motor Third-Party Liability Insurance – Market Size by Volume (Million), 2007–2011
Figure 21: Turkish Motor Third-Party Liability Insurance – Market Size by Volume (Million), 2012–2016
Figure 22: Turkish Motor Third-Party Liability Insurance – Market Size by Value (TRY Billion), 2007–2011
Figure 23: Turkish Motor Third-Party Liability Insurance – Market Size by Value (TRY Billion), 2012–2016
Figure 24: Turkish Motor Insurance – Earned Premium (TRY Billion), 2007–2016
Figure 25: Turkish Motor Insurance – Gross Claims (TRY Billion), 2007–2016
Figure 26: Turkish Motor Insurance – Paid Claims (TRY Billion), 2007–2016
Figure 27: Turkish Motor Insurance – Incurred Loss (TRY Billion), 2007–2016
Figure 28: Turkish Motor Insurance – Loss Ratio (%), 2007–2016
Figure 29: Turkey – Domestic Automobile Sales (Thousand Units), 2008–2011
Figure 30: Turkish Motor Insurance – Density and Penetration (%), 2007–2016
Figure 31: Turkish Motor Insurance – Market Shares of Leading Companies (%), 2010
Figure 32: Turkish Motor Insurance – Number of Policies Offered (Absolute), 2007–2016
Figure 33: Turkish Motor Insurance – Paid Claims (TRY Billion), 2007–2016

FEATURED COMPANIES

  • Allianz SE
  • AXA SA
  • Groupama Sigorta
  • Gunes Sigorta
  • Mapfre Genel Yasam
  • MORE

The Turkish motor insurance category has benefited from the country’s rising number of automobile sales and improving economic conditions. As a result, the Turkish motor insurance category increased in written premium value from TRY4.7 billion in 2007 to TRY5.5 billion in 2011, at a compound annual growth rate (CAGR) of 4.46% during the review period (2007–2011). In addition, the volume of motor insurance policies sold in Turkey increased at a CAGR of 5.57% during the review period, to reach 17 million in 2011.

The category’s written premium value is projected to grow at a CAGR of 5.03% over the forecast period (2012–2016), to reach TRY7.1 billion in 2016. In addition, the volume of motor insurance policies sold is projected to increase at a CAGR of 3.30% over the forecast period, to reach 20.1 million policies in 2016.

- AXA SA
- Allianz SE
- Groupama Sigorta
- Gunes Sigorta
- Mapfre Genel Yasam

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