Insurance

Insurance

While the global insurance industry saw growth slow over the course of 2013 and 2014, Turkey’s insurance sector displayed resilience, making the country an attractive market for investment and expansion. Despite fluctuations in other sectors and a depreciation of the local currency, in real terms Turkey’s insurance sector experienced significant growth in both the life and non-life segments. Overall, the expectation is of continued premium growth in 2015, with companies also taking greater control of their technical results, boosting profitability. Pensions will likely continue seeing positive growth as well, although potential uncertainties may impact consumers negatively in the period up to elections in 2015. In addition, the diversity of products on offer is set to expand.

This chapter contains interviews with Mehmet Bostan, General Manager, Vakıf Emeklilik, and M Uğur Erkan, CEO, Anadolu Hayat Emeklilik.