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Insurance Brokers in Turkey

Insurance Brokers in Turkey

Summary

Insurance Brokers in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Turkey insurance brokers market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

  • The insurance brokers sector is valued in relation to the total brokerage revenue of non-life insurance and reinsurance brokerage firms. All currency conversions have been carried out at constant annual average 2016 exchange rates.
  • The Turkish insurance brokers sector had total revenues of $54.6m in 2016, representing a compound annual growth rate (CAGR) of 13.6% between 2012 and 2016.
  • The primary insurance segment was the sector's most lucrative in 2016, with total revenues of $41.5m, equivalent to 76.1% of the sector's overall value. The Reinsurance segment contributed revenues of $13.1m in 2016, equating to 23.9% of the sector's aggregate value.
  • Insurance spending in Turkey has been emerging in recent years, as the penetration of insurance products in the country is one of the lowest among developing countries. In detail, insurance spending was estimated at 1.6% of GDP in 2015, increased from the 1.4% in 2012. Furthermore, as the Turkish economy has grown significantly in recent years, the dynamic of this emergence is even bigger. Most importantly, the increasing share of brokers as a distribution channel of insurance products in Turkey has driven the growth of the sector.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in Turkey
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in Turkey
  • Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Turkey insurance brokers market with five year forecasts
Reasons to buy
  • What was the size of the Turkey insurance brokers market by value in 2016?
  • What will be the size of the Turkey insurance brokers market in 2021?
  • What factors are affecting the strength of competition in the Turkey insurance brokers market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Turkey's insurance brokers market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Aon plc
Marsh & McLennan Companies, Inc.
United Insurance Brokers Ltd
Willis Towers Watson Public Limited Company
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Turkey insurance brokers sector value: $ billion, 2012–16
Table 2: Turkey insurance brokers sector category segmentation: $ billion, 2016
Table 3: Turkey insurance brokers sector geography segmentation: $ billion, 2016
Table 4: Turkey insurance brokers sector value forecast: $ billion, 2016–21
Table 5: Aon plc: key facts
Table 6: Aon plc: key financials ($)
Table 7: Aon plc: key financial ratios
Table 8: Marsh & McLennan Companies, Inc.: key facts
Table 9: Marsh & McLennan Companies, Inc.: key financials ($)
Table 10: Marsh & McLennan Companies, Inc.: key financials (€)
Table 11: Marsh & McLennan Companies, Inc.: key financial ratios
Table 12: United Insurance Brokers Ltd: key facts
Table 13: Willis Towers Watson Public Limited Company: key facts
Table 14: Willis Towers Watson Public Limited Company: key financials ($)
Table 15: Willis Towers Watson Public Limited Company: key financial ratios
Table 16: Turkey size of population (million), 2012–16
Table 17: Turkey gdp (constant 2005 prices, $ billion), 2012–16
Table 18: Turkey gdp (current prices, $ billion), 2012–16
Table 19: Turkey inflation, 2012–16
Table 20: Turkey consumer price index (absolute), 2012–16
Table 21: Turkey exchange rate, 2012–16
List of Figures
Figure 1: Turkey insurance brokers sector value: $ billion, 2012–16
Figure 2: Turkey insurance brokers sector category segmentation: % share, by value, 2016
Figure 3: Turkey insurance brokers sector geography segmentation: % share, by value, 2016
Figure 4: Turkey insurance brokers sector value forecast: $ billion, 2016–21
Figure 5: Forces driving competition in the insurance brokers sector in Turkey, 2016
Figure 6: Drivers of buyer power in the insurance brokers sector in Turkey, 2016
Figure 7: Drivers of supplier power in the insurance brokers sector in Turkey, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in Turkey, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in Turkey, 2016
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in Turkey, 2016
Figure 11: Aon plc: revenues & profitability
Figure 12: Aon plc: assets & liabilities
Figure 13: Marsh & McLennan Companies, Inc.: revenues & profitability
Figure 14: Marsh & McLennan Companies, Inc.: assets & liabilities
Figure 15: Willis Towers Watson Public Limited Company: revenues & profitability
Figure 16: Willis Towers Watson Public Limited Company: assets & liabilities

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