Households drive market demand, with household spending representing 70.9% of total demand in 2024. AxASigorta AS is the largest company in Turkey, generating 7.1% of the industry’s total turnover value in 2024. The industry is fragmented, with the top five companies generating 21.4% of total production value in 2024. The total number of companies decreases in 2024, to 1,785 units. The costs of the industry decrease by 16.8% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 16.0% of turnover in 2024, the 12th highest regionally. With turnover of USD6.9 billion, Turkey accounts for 1.2% of the Western Europe total in 2024.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in Turkey: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in Turkey: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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