STATISTICS: TURKEY, 1H2017: Life insurance share in total GWP reached 14% due to the strongs increase in premiums
Of the aggregate figure, the non-life sector contributed with TRY 19.8 billion or 85.7%, while the life segment generated TRY 3.3 billion (14.3% of total).
In terms of growth rates, the non-life sector grew by 7.6% while the life segment was up by 47.6%.
In non-life segment, it is worth to mention the 10.7% decrease in MTPL GWP, due the implementation of a premium ceiling in mid-April.
In the analised period, the largest insurer in the country in terms of GWP was ALLIANZ Sigorta with TRY 2.6 billion (market share of 11.3%), followed by ANADOLU Sigorta with TRY 2.3 billion (10.1%) and AXA Sigorta with TRY 1.4 billion (6.1%).
Access www.xprimm.com and download the 1H2017 Turkish insurance market statistics.
Market portfolio (in EUR and TRY):
- Gross written premiums
- Paid claims
- Growth rates
- Total market
- Life insurance
- Motor Hull
- Fire and allied perils
- Damages to property
- Motor vehicle liability