Ǥroupama: Significant space for growth in Turkish insurance
Yιlmaz Yιldιz, CEO, Ǥroupama
The Turkish economy has performed impressively over the last three years, with one of the fastest growth rates after China. The pensions and insurance market has mirrored this performance, but although growth is strong (15 percent), excessive competition and regulation hinders profitability. Yιlmaz Yιldιz discusses the way forward in a country where the premium per head is just one sixth of the European benchmark.