Insurance

Turkey Insurance 2013
The Turkish insurance sector is dominated by 25 multinational insurance companies, which held some 52% of the market in 2012. Gross insurance premiums grew 15.5% in nominal lira terms, or 8.8% in real terms, in 2012, and subscriber growth reached 18% that year. Protecting non-vehicular property accounted for 22% of the insurance market in 2012, with the largest segments fire (9%) and earthquake (4%) coverage, which are typically marketed together in “housing packages”. While in previous years the sector had largely followed the fortunes of the wider economy, in 2012 it maintained comparatively high growth rates, even as the overall economy slowed. The pensions segment even accelerated its growth, thanks to the strong performance of the capital markets and a new government incentive to match payments. This chapter contains an interview with Mehmet Bostan, Chairman, Pension Monitoring Centre.
Share
Cover of The Report: Turkey 2013

The Report

This chapter is from the Turkey 2013 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Mehmet Bostan, Chairman, Pension Monitoring Centre
OBG talks to Mehmet Bostan, Chairman, Pension Monitoring Centre

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart