Personal Accident and Health Insurance in Turkey, Key Trends and Opportunities to 2016: Increasing Government Healthcare Expenditure Will Be A Key Growth Driver


#88251

206pages

Timetric

$ 1950

In Stock


Synopsis

The report provides top-level market analysis, information and insights into the Turkish personal accident and health insurance market, including:

  • The Turkish personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Turkish personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in Turkey

Summary

The Turkish personal accident and health insurance market grew at a significant rate during the review period between 2007 and 2011. This growth was supported by the countrys robust economic growth, increased penetration of health insurance products, rising disposable income and growing awareness of the benefits of health insurance. Over the forecast period, the markets growth will be driven by the government reforms in the countrys healthcare industry. 

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in Turkey:

  • It provides historical values for Turkeys personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Turkeys personal accident and health insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions 
  • It analyses the various distribution channels for personal accident and health insurance products in Turkey 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Turkey for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in Turkey and its growth prospects
  • It profiles the top personal accident and health insurance companies in Turkey, and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the Turkish personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Turkish personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Turkish personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

  • The growth in Turkey's personal accident and health insurance market can be attributed to the countrys robust economic growth, increased penetration of health insurance products, rising disposable income and growing awareness of the benefits of health insurance
  • The Turkish government introduced important changes under the Health Transformation System, including the merger of health insurance schemes. In addition, the Turkish government implemented a Universal Health Insurance (UHI) system in 2007. The markets growth will be primarily driven by premiums generated from the government health policies. The government launched a health insurance program in October 2010 as a part of its social security reforms
  • The largest category in the personal accident and health insurance market is health insurance, which generated 72.4% of the markets total written premiums in 2011. The growth experienced by the health insurance market is mainly due to the premiums generated from mandatory health policies established by the government
  • The personal accident and health insurance market is highly concentrated with the top ten companies accounting for more than 75% of gross written premiums in 2010. In order to remain competitive, smaller companies attempt to gain a market share by offering lower premium insurance products due to the lack of differentiation between insurance products and services
  • In 2011, the leading distribution channel for personal accident and health insurance products in Turkey was agencies, due to their strong network across the country which enabled insurance companies to increase the sales of their products