Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles

The insurance industry in Turkey is a small but growing part of the economy. In 2015, the sector comprised less than 3 percent of all financial services sector assets. From 2006 until 2015, however, gross premiums written grew at an average annual rate of approximately 22 percent (7.4 percent at con...

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Bibliographic Details
Main Authors:	World Bank, International Finance Corporation
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	insurance macroprudential policies institutional reforms financial oversight
Online Access:	http://documents.worldbank.org/curated/en/598311486559854741/Turkey-Detailed-Assessment-of-Observance-IAIS-Insurance-Core-Principles http://hdl.handle.net/10986/26043

id	okr-10986-26043
recordtype	oai_dc
spelling	okr-10986-260432021-05-25T08:57:20Z Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles World Bank International Finance Corporation insurance macroprudential policies institutional reforms financial oversight The insurance industry in Turkey is a small but growing part of the economy. In 2015, the sector comprised less than 3 percent of all financial services sector assets. From 2006 until 2015, however, gross premiums written grew at an average annual rate of approximately 22 percent (7.4 percent at constant prices), substantially above nominal GDP growth during the same period. Nevertheless insurance penetration remains below that seen in many countries in the region and very low compared to countries with similar per capita incomes in other parts of the world. During the last five years, the Government of Turkey has made a significant effort to improve regulation and supervision of insurance and to improve adherence to international standards. 2017-02-13T20:51:11Z 2017-02-13T20:51:11Z 2016-11 Report http://documents.worldbank.org/curated/en/598311486559854741/Turkey-Detailed-Assessment-of-Observance-IAIS-Insurance-Core-Principles http://hdl.handle.net/10986/26043 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Europe and Central Asia Turkey
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	insurance macroprudential policies institutional reforms financial oversight
spellingShingle	insurance macroprudential policies institutional reforms financial oversight World Bank International Finance Corporation Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
geographic_facet	Europe and Central Asia Turkey
description	The insurance industry in Turkey is a small but growing part of the economy. In 2015, the sector comprised less than 3 percent of all financial services sector assets. From 2006 until 2015, however, gross premiums written grew at an average annual rate of approximately 22 percent (7.4 percent at constant prices), substantially above nominal GDP growth during the same period. Nevertheless insurance penetration remains below that seen in many countries in the region and very low compared to countries with similar per capita incomes in other parts of the world. During the last five years, the Government of Turkey has made a significant effort to improve regulation and supervision of insurance and to improve adherence to international standards.
format	Report
author	World Bank International Finance Corporation
author_facet	World Bank International Finance Corporation
author_sort	World Bank
title	Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
title_short	Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
title_full	Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
title_fullStr	Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
title_full_unstemmed	Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles
title_sort	republic of turkey financial sector assessment program : iais insurance core principles
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/598311486559854741/Turkey-Detailed-Assessment-of-Observance-IAIS-Insurance-Core-Principles http://hdl.handle.net/10986/26043
_version_	1764460799398510592

Republic of Turkey Financial Sector Assessment Program : IAIS Insurance Core Principles

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