TURKEY MOTOR INSURANCE MARKET

 

INTRODUCTION 

 

 Vehicle protection (otherwise called vehicle protection, engine protection, or accident coverage) is protection for vehicles, trucks, bikes, and other street vehicles.

 

The primary purpose of it is to provide financial protection against bodily injury or damage caused by traffic collisions and liability arising from car accidents.

 

Additionally, vehicle insurance may provide financial protection against vehicle theft, damage caused by events other than traffic collisions, such as keying, weather or natural disasters, and damage caused by collision with stationary objects

 

TURKEY MOTOR INSURANCE MARKET SIZE AND FORECAST

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The Turkey Motor Insurance market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

 

NEW PRODUCT LAUNCH

The Insurance and Private Pension Regulation and Supervision Agency (the “Agency”) has been fully operational, so Turkey’s regulations have undergone significant revisions over the past year.

 

The merger of six (6) state-owned insurance companies into Türkiye Sigorta Anonim irketi was a significant development in the Turkish insurance industry.

 

The Turkish Wealth Fund now owns 81.1 percent of these insurance companies, which were previously controlled by the Central Bank of the Republic of Turkey.

 

The Insurance Law amendment was a significant regulatory change establishing the “Special Risks Management Center” (the “Center”) with its own legal personality to carry out insurance or reinsurance pools and similar mechanisms for risks for which there is no coverage or for which it is difficult to find coverage.

 

Additionally, the Center makes it possible to collaborate with other specialized institutions to support reinsurance, preserving a portion of the reinsurance premiums within the nation.

 

The Individual Pension Savings and Investment Scheme Law was also modified by the same amendment, allowing individuals under the age of 18 to participate in the private pension scheme.

 

Also, in accordance with the Turkish Established Court’s choice on the Expressway Transit regulation No.2918 will take effect, and the Highway Traffic Law No.

 

In order to maintain reasonable premiums and ensure the predictability and stability of compensation payments, the principles of compensation calculation outlined in “Compulsory Traffic Insurance” have been updated.

 

In addition, the Agency will publish the “Regulation on Insurance and Private Pension Activities Under the Participation Principles” to outline the general and specific principles for participation insurance implementation.

 

COMPANY PROFILE

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per Turkey Motor Insurance market right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Motor Insurance market in Turkey?
  3.  How many Turkey Motor Insurance market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  4. What is happening in the overall public, globally?
  5. Cost breakup of a Turkey Motor Insurance market and key vendor selection criteria
  6. Where is the Turkey Motor Insurance market  manufactured? What is the average margin per equipment?
  7. Market share of Turkey Motor Insurance market manufacturers and their upcoming products
  8. The most important planned Turkey Motor Insurance market in next 2 years
  9. Details on network of major Turkey Motor Insurance market and pricing plans
  10. Cost advantage for OEMs who manufacture Turkey Motor Insurance market in-house
  11. 5 key predictions for next 5 years in Turkey Motor Insurance market
  12. Average B-2-B Turkey Motor Insurance market price in all segments
  13. Latest trends in Turkey Motor Insurance market, by every market segment
  14. The market size (both volume and value) of Turkey Motor Insurance market in 2022-2030 and every year in between?
  15. Global production breakup of Turkey Motor Insurance market, by suppliers and their OEM relationship
Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
21 Product installation rate by OEM, 2022
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2022
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix
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