Turkey Insurance Q4 2019
The outlook for Turkey's insurance industry has deteriorated this quarter. A weak economic environment, highunemployment rates and significant consumer uncertainty will all serve to dampen growth potential and projected growth rates inthe life and non-life sector are now more subdued. Despite the challenges facing the market, there is substantial theoretical growthpotential in the Turkish insurance sector due to the large population, growing economic diversity and improved access to formalbanking services. The market could still attract new providers who are not deterred by the risky business environment.
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