Synopsis
Timetrics Reinsurance in Turkey, Key Trends and Opportunities to 2019 report provides detailed analysis of the market trends, drivers and challenges in the Turkish reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).
The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Turkish economy and demographics, and provides detailed analysis of natural hazards and their impact on the Turkish insurance industry.
The report brings together Timetrics research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Scope
This report provides a comprehensive analysis of the reinsurance segment in Turkey:
It provides historical values for the Turkish reinsurance segment for the reports 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
It offers a detailed analysis of the key categories in the Turkish reinsurance segment, and market forecasts to 2019.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Turkey, and the reinsurance segments growth prospects.
Summary
Timetrics Reinsurance in Turkey, Key Trends and Opportunities to 2019 report provides in-depth market analysis, information and insights into the Turkish reinsurance segment, including:
The Turkish reinsurance segments growth prospects by reinsurance ceded from direct insurance
A comprehensive overview of the Turkish economy and demographics
Detailed analysis of natural hazards and their impact on the Turkish insurance industry
The competitive landscape in the Turkish reinsurance segment
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Turkish reinsurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Turkish reinsurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Turkish insurance industry, and their impact on companies and the industrys future.
Key highlights
A rise in life expectancy and high frequency of natural disasters are expected to support the Turkish insurance industrys growth over the forecast period. This will encourage global reinsurers to enter the segment.
The Turkish reinsurance segment posted a review-period CAGR of 8.0%.
The frequency of natural disasters amplified risk of losses. This will increase the volume of renewals and premium pricing.
According to the Insurance Association of Turkey, Milli Reasürans and Art? Reasüran A? were the domestic reinsurers licensed to operate by the end of 2014. Apart from this international reinsurers such as Swiss Re and Lloyds were also active in the country.
Table Of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Natural Hazards
7.1 Floods
7.2 Earthquakes
7.3 Wildfires
7.4 Volcanoes
7.5 Exposure
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Turkish Reinsurance Segment
8.3 Caja Reaseguradora de Turkey SA - Company Overview
8.4 MetLife Turkey Reaseguros de Vida SA - Company Overview
8.5 Munich Re America - Company Overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulations
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Insurance for motor vehicles accidents
9.4.2 Pension insurance
9.4.3 Health insurance
9.4.4 Workmens compensation insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Association of Insurance Supervisors Latin America
9.5.3 Superintendent of Security Markets and Insurance Companies
9.5.4 Insurance Association of Turkey (AACH)
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Types of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fees structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Insurance premium or policy taxation
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetrics Services
10.5 Disclaimer
List Of Tables
Table 1: Turkey Reinsurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Turkish Government Credit Ratings
Table 4: Turkish Reinsurance - Premium Accepted (TRY Billion), 2010-2014
Table 5: Turkish Reinsurance - Premium Accepted (TRY Billion), 2014-2019
Table 6: Turkish Reinsurance - Premium Ceded by Type of Insurance (TRY Million), 2010-2014
Table 7: Turkish Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2014
Table 8: Turkish Reinsurance - Premium Ceded by Type of Insurance (TRY Billion), 2014-2019
Table 9: Turkish Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2014-2019
Table 10: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 11: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 12: Turkish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Turkish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Turkish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 15: Turkish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 16: Turkey Average Annual Loss by Hazard in 2014
Table 17: Turkey Average Annual Loss by Hazard in 2014
Table 18: Death Caused in Turkey due to Earthquake, 1999-2014
Table 19: Death Caused in Turkey due to Floods, 2000-2011
Table 20: Millî Reasürans TA?, Key Facts
Table 21: Millî Reasürans TA?, Key Financial Analysis (TRY million),2010-2014
Table 22: Millî Reasürans TA?, Key Facts
List Of Figures
Figure 1: Turkish Real GDP (TRY Billion), 2010-2019
Figure 2: Turkish TRY- US$ Exchange Rate, 2010-2019
Figure 3: Turkish Consumer Price Inflation (%), 2010-2019
Figure 4: Turkish Current Account Balance as Percentage of GDP, 2010-2019
Figure 5: Turkish Unemployment Rate (%), 2010-2019
Figure 6: Turkish Population by Age Group, 2010-2019
Figure 7: Turkish Reinsurance - Premium Accepted (TRY Billion), 2010-2014
Figure 8: Turkish Reinsurance - Premium Accepted (TRY Billion), 2014-2019
Figure 9: Turkish Reinsurance - Premium Ceded by Type of Insurance (TRY Billion), 2010-2019
Figure 10: Turkish Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 11: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 12: Turkish Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 13: Turkish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 14: Turkish Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 15: Turkish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 16: Turkish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 17: Frequency of Hazards by Type, 1990-2014
Figure 18: Mortality of Hazards by Type, 1990-2014
Figure 19: Economic Issues Caused by Hazards by Type, 1990-2014
