"Country report: Turkey - Want turbo-charged growth? Head to Turkey. (Reinsurance Via Thomson Dialog NewsEdge) Turkey, without a doubt, presses all the right buttons for international (re)insurers looking for the next hot market ready to be catapulted out of its 'developing' status and into the big league. The Turkish economy has improved substantially over the past 15 years, with real GDP growth at an average 7.1% between 2002 and 2006. A sharp rise in disposable income and a favourable demographic trend indicate that the Turkish market has significant potential. Yet Turkey is relatively uninsured for both life and non-life sector, and penetration is still very low on a per-capita basis compared to Western European countries."
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