Life Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Turkish life insurance market had total gross written premiums of $1.6 billion in 2022, representing a compound annual growth rate (CAGR) of 16.1% between 2017 and 2022.
- The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1.6 billion, equivalent to 99.9% of the market's overall value.
- The Turkish life insurance market declined drastically in 2022, however, it is still expected to continue to decline in 2023 but at a much lower rate. performance of the market is forecast to decelerate, with an anticipated CAGR of 2.5% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $1.8billion by the end of 2027.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Turkey
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Turkey life insurance market by value in 2022?
- What will be the size of the Turkey life insurance market in 2027?
- What factors are affecting the strength of competition in the Turkey life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Turkey's life insurance market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allianz SE
- Anadolu Hayat Emeklilik AS
- MetLife Inc
- Turkiye Hayat Ve Emeklilik AS
