TURKEY: Turkish insurance sector offers significant growth potential

13 September 2011 —
The Turkish insurance sector offers significant growth potential given the high population, low penetration and favorable demographics. Following several years of improvement, premiums have grown by an average of 36% over the past decade, despite turmoil in the global and local markets. In past years, the sector has attracted many foreign investors and witnessed several M&A transactions, in which most transactions have been made with significant premiums to involved companies' outstanding values; this confirms the level of trust earned by the Turkish industry. A bumpy road ahead depending on the cycle. Our outlook is for a challenging environment going forward, considering the uneven income distribution of the country, which is unlikely to change much in the short term - being the main risk for premium growth curbing sector development.

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TURKEY: Turkish insurance sector offers significant growth potential
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