STATISTICS:

STATISTICS: TURKISH market ends 3Q with a 6.3% increase in GWP

At the end of September, the Turkish insurance sector totaled TRY 19 billion (EUR 6.6 billion), this representing a nominal increase of 6.3% y-o-y, according to the statistics recently published by the Insurance Association of Turkey - TSB.

As in previous reporting periods, the GWP portfolio was dominated by property insurance (fire, allied perils & other damages to property insurance, summed) - 25% of total, followed by motor vehicle liability (21.3% of total GWP), motor hull (19.2%), life insurance (12.5%), sickness and health policies (11.3%). The remaining 11% was related to other non-life insurance classes.

The market ranking was led by ANADOLU Sigorta (11.7% market share), followed by AXA Sigorta (11.2%), ALLIANZ (7.9%), AK Sigorta (7.1%) and MAPFRE Genel (5.8%).

Access www.xprimm.com and download the 3Q2014 Turkish insurance market statistics.

Market portfolio (in EUR and TRY):
  • Gross written premiums
  • Growth rates
Market rankings in EUR and TRY (GWP/ Market shares/Growth rates):
  • All insurance market
  • Life insurance 
  • Non-life
  • Motor Hull
  • MTPL
  • Fire and allied perils
  • Damages to property
  • Accidents
  • Health

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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