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 = 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

1Q2017
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1Q2017
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FY2016Market Portfolioxlsx
FY2016Insurance Companies Rankingsxlsx
3Q2016
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3Q2016
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1H2016Market Portfolioxlsx
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1Q2016
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FY2015Market Portfolioxlsx
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3Q2015Market portfolioxlsx
3Q2015Insurance companies rankingsxlsx
1H2015Market Portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market portfolioxlsx
1Q2015Insurance companies rankingsxlsx
FY2014Market Portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
3Q2014Insurance Companies Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014
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1Q2014Market Portfolioxlsx
FY2013Insurance market overview pdf
FY2013
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FY2013Market Portfolioxlsx
3Q2013
Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013Insurance companies rankingsxlsx
1H2013Market portfolioxlsx
1Q2013
Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
3Q2012Market portfolioxlsx
3Q2012Insurance companies rankingsxlsx
1H2012Insurance market overview pdf
1H2012Market portfolioxlsx
1H2012Insurance companies rankingsxlsx
1Q2012
Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
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

1Q2017 Market Portfolio

1Q2017 Insurance Companies Rankings

TURKEY: Total insurance premiums forecast to rise by 10% this year

The total insurance premiums of the Turkish insurance industry will grow to TRY34.1 billion this year, up by 10% from last year. This forecast was made by Deputy Prime Minister Mehmet Simsek who spoke before a parliamentary budget commission last Thursday, reported Reuters.

TURKEY: Insurers concerned about rising mandatory TP auto loss

The insurance industry in Turkey reported a loss of TRY1.7 billion in the compulsory motor insurance business for the first nine months of last year, according to the Insurance Association of Turkey (TSB) in a statement. The figure is three times the losses of TRY566.7 million reported for this class of business for the first three quarters of 2014 and almost double the losses of TRY884.8 million suffered for the whole of 2014.

TURKEY: Minimum wage hike to place TL 2.5 billion burden on insurance sector

A recent minimum wage increase is expected to drastically increase auto insurance payout rates for accidents involving injury or death, resulting in a TL 2.5 billion annual burden on the insurance sector, Insurance Association of Turkey (TSB) President Ramazan Ulger told the Hurriyet daily on Wednesday.

MetLife Inc Won Best Life Insurance Company in TURKEY' Award

MetLife Inc has won the prestigious "2015 Best Life Insurance Company in Turkey" award organized by Global Banking and Finance Review, demonstrating its commitment to excellence in products and services, financial soundness, market knowledge and understanding, risk management, effective customer servicing tools and market share.

TURKEY: Escalating violence hits insurance sector

Insurance experts have complained about their inability to visit Turkey's eastern region for damage assessment amid escalating violence. Sector representatives said they are concerned for their safety and ask for help from security forces to do their jobs in the region.