Life Insurance in Turkey, Key Trends and Opportunities to 2018 - New Market Report
Life insurance was the second-largest segment of the Turkish insurance industry in 2013, accounting for 15.5% of the industry's total gross written premiums. Led by sustained economic growth and favorable demographics, the segment's gross written premiums expanded at a compound annual growth rate (CAGR) of 17.8% over the review period (2009-2013). The segment's penetration rate also increased from 0.20% in 2009 to 0.24% in 2013. Turkish life insurance still remains one of the lowest among the OECD countries, however, with...
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