NEW YORK, Dec. 19, 2016 /PRNewswire/ --
Surety Bonds in Turkey is a report and data file about the market for surety bonds and related guarantees in Turkey covering both contract bonds (e.g. bid, performance and advanced payment bonds) and commercial bonds (e.g. customs and tax bonds). Based in part on a survey of leading participants in this sector, it provides unique data concerning the value of the Turkish market for such bonds and guarantees, including trends from 2011 to 2015 plus the following segmentations of this market in 2015 alone:
- between the construction sector and other activities;
- between insurance companies, banks and other institutions (e.g. reciprocal guarantee companies);
- for insurance-backed surety bonds only, between domestic and non-domestic underwriters;
- for insurance-backed surety bonds only, between cover intermediated by brokers and cover underwritten directly.
In addition, and also using its industry survey, it highlights the underwriters of insurance-backed surety bonds that are most commonly used on a regular basis by brokers plus the estimated market shares of underwriters of insurance-backed surety bonds in 2015 expressed as a percentage range (e.g. 5.0% to 7.5%). Finally, forecasts are provided for the likely value of the market for surety bonds and related guarantees in 2019, including a predicted segmentation of that value between insurance companies, banks and other institutions.
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