STATISTICS:

Turkey

Location:
Southeastern Europe and Southwestern Asia (that portion of Turkey west of the Bosporus is geographically part of Europe), bordering the Black Sea, between Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean Sea, between Greece and Syria


Climate:

temperate; hot, dry summers with mild, wet winters; harsher in interior

Natural hazards:
severe earthquakes, especially in northern Turkey, along an arc extending from the Sea of Marmara to Lake Van

Currency: Turkish lira (TRY)
1 EUR = 3.7166 Turkish lira - TRY (December 31st, 2016)
1 EUR = 3.1896 Turkish lira - TRY (December 31st, 2015)
1 EUR = 2.8323 Turkish lira - TRY (December 31st, 2014)
1 EUR = 2.9397 Turkish lira - TRY (December 31st, 2013)
1 EUR = 2.3565 Turkish lira - TRY (December 31st, 2012)
1 EUR = 2.4556 Turkish lira - TRY (December 31st, 2011)
1 EUR = 2.0650 Turkish lira - TRY (December 31st, 2010)

Sources:
Association of Insurance and Reinsurance Companies of Turkey
Central Bank of the Republic of Turkey

Insurance statistics

1H2017Market portfolioxlsx
1H2017Insurance Companies Rankingsxlsx
1Q2017
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1Q2017
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FY2016Market Portfolioxlsx
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3Q2016
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1H2016Market Portfolioxlsx
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FY2015Market Portfolioxlsx
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1H2015Market Portfolioxlsx
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FY2014Market Portfolioxlsx
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1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
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1Q2014
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FY2013Insurance market overview pdf
FY2013
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FY2013Market Portfolioxlsx
3Q2013
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1H2013Insurance market overview pdf
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1Q2013
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FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
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1H2012Insurance market overview pdf
1H2012Market portfolioxlsx
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1Q2012
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FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
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3Q2011Market Portfolioxlsx
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1H2011Market portfolioxlsx
1H2011Insurance companies rankingsxlsx
4M2011Insurance market overviewpdf
4M2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
2009Turkish insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Turkish insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

1H2017 Market portfolio

1H2017 Insurance Companies Rankings

See all statistics

TURKEY: Moody's downgrade Allianz Sigorta's IFSR by one notch to Baa2, stable outlook

Moody's Investors Service has today downgraded the insurance financial strength rating (IFSR) to Baa2 from Baa1 of Allianz Sigorta AS ("Allianz Turkey"), the main Turkish subsidiary of Allianz SE (Aa3 IFSR, stable). The outlook on Allianz Turkey is stable in line with the outlook on the Turkish sovereign. This concludes the review for downgrade initiated on 19 July 2016. Moody's has also affirmed the Aaa.tr National Scale insurance financial strength rating (NSR) on Allianz Turkey.

TURKEY: takaful insurance sector expected to further develop fuelled by the participation banking growth

"The issuance of new participation banking* licenses and its resultant increase in participation banking market share would spur the growth in the takaful sector in Turkey, as these banks serve as one of the most important distribution channels of the takaful sector," Ramazan Ulger, President, Insurance Association of Turkey stated at a recent professional event organized in Istanbul by The Islamic Financial Services Board (IFSB), The World Bank Group (WBG) and the Undersecretariat of Treasury of the Republic of Turkey.

Turkey: The agricultural insurance scheme is a success story

500 guests from around 30 countries joined TARSIM, Turkey's agricultural insurance pool, for the celebration of its 10th Anniversary, which took place between 2-3 June 2016 in Istanbul. It was TARSIM's first ever International Agricultural Insurance Symposium and XPRIMM Publications were invited to support it as Media Partners.