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Complete report is available @ http://www.rnrmarketresearch.com/reinsurance-in-turkey-key-trends-and-opportunities-to-2018-market-report.html .
Led by impressive growth in the insurance industry, the Turkish reinsurance segment expanded at a review-period (2009?2013) compound annual growth rate (CAGR) of 6.9%, due to frequent natural disasters in the country. The robust growth of the Turkish insurance industry also supported the growth of reinsurance.
Over the forecast period (2013?2018), a high risk of losses from natural disasters is likely to lead to increases in renewal and premium pricing, driving growth in the reinsurance segment. Challenging global economic conditions, the rising cost of capital, and the need for long-term risk management are all expected to fuel demand for reinsurance, as insurers focus on managing underwriting performance.