Life Insurance in Turkey - Market Summary, Competitive Analysis and Forecast to 2025

Life Insurance in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). 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 $2.0bn in 2020, representing a compound annual growth rate (CAGR) of 30.3% between 2016 and 2020.
The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $2.0bn, equivalent to 99.9% of the market's overall value.
Historically, growth in the Turkish life insurance market has been bolstered by rising wages and increased life insurance penetration.

Scope

Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume

Reasons to Buy

What was the size of the Turkey life insurance market by value in 2020?
What will be the size of the Turkey life insurance market in 2025?
What factors are affecting the strength of competition in the Turkey life insurance market?
How has the market performed over the last five years?
How large is Turkey’s life insurance market in relation to its regional counterparts?

Frequently Asked Questions about the Turkish Life Insurance Market

What is the estimated value of the Turkish Life Insurance Market?

The Turkish Life Insurance Market was estimated to be valued at $2.03 Billion in 2020.

What is the growth rate of the Turkish Life Insurance Market?

The growth rate of the Turkish Life Insurance Market is 12.7%, with an estimated value of $3.7 Billion by 2025.

What is the forecasted size of the Turkish Life Insurance Market?

The Turkish Life Insurance Market is estimated to be worth $3.7 Billion by 2025.

Who are the key companies in the Turkish Life Insurance Market?

Key companies in the Turkish Life Insurance Market include Anadolu Hayat Emeklilik AS, Allianz SE and MetLife Inc.

Report Attribute	Details
No. of Pages	44
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 2.03 Billion
Forecasted Market Value ( USD ) by 2025	$ 3.7 Billion
Compound Annual Growth Rate	12.7%
Regions Covered	Turkey

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 pandemic impacted the market?

8 Company Profiles

8.1. Anadolu Hayat Emeklilik AS
8.2. Allianz SE
8.3. MetLife Inc

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: Turkey life insurance market value: $ billion, 2016-20
Table 2: Turkey life insurance market category segmentation: $ billion, 2020
Table 3: Turkey life insurance market geography segmentation: $ billion, 2020
Table 4: Turkey life insurance market value forecast: $ billion, 2020-25
Table 5: Turkey life insurance market share: % share, by value, 2020
Table 6: Anadolu Hayat Emeklilik AS: key facts
Table 7: Anadolu Hayat Emeklilik AS: Annual Financial Ratios
Table 8: Anadolu Hayat Emeklilik AS: Key Employees
Table 9: Allianz SE: key facts
Table 10: Allianz SE: Annual Financial Ratios
Table 11: Allianz SE: Key Employees
Table 12: Allianz SE: Key Employees Continued
Table 13: MetLife Inc: key facts
Table 14: MetLife Inc: Annual Financial Ratios
Table 15: MetLife Inc: Key Employees
Table 16: MetLife Inc: Key Employees Continued
Table 17: Turkey size of population (million), 2016-20
Table 18: Turkey gdp (constant 2005 prices, $ billion), 2016-20
Table 19: Turkey gdp (current prices, $ billion), 2016-20
Table 20: Turkey inflation, 2016-20
Table 21: Turkey consumer price index (absolute), 2016-20
Table 22: Turkey exchange rate, 2016-20

List of Figures

Figure 1: Turkey life insurance market value: $ billion, 2016-20
Figure 2: Turkey life insurance market category segmentation: % share, by value, 2020
Figure 3: Turkey life insurance market geography segmentation: % share, by value, 2020
Figure 4: Turkey life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Turkey, 2020
Figure 6: Drivers of buyer power in the life insurance market in Turkey, 2020
Figure 7: Drivers of supplier power in the life insurance market in Turkey, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Turkey, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Turkey, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Turkey, 2020
Figure 11: Turkey life insurance market share: % share, by value, 2020