Turkey: Maturing market poised for mergers
The insurance market in Turkey is bracing itself for consolidation following a decade of growth that has brought key international players to the country eager to play a part in the sector’s development.Buoyed by the introduction of the Turkish Insurance Law almost five years ago, the industry has expanded steadily, with premiums rising from $81 per capita in 2005 to $127 in 2010 as the market has…
