STATISTICS: The TURKISH market was up by a third amid the 96% GWP increase on MTPL subclass
Life insurance line registered a y-o-y growth rate of almost 21% to TRY 3.4 billion, while the non-life side was up by 33.7% y-o-y to TRY 25.8 billion, due the 95.7% growth rate reported by the Motor Vehicle Liability subclass.
Of the 61 active insurers members of local asociation, the largest three as GWP were ALLIANZ Sigorta, ANADOLU Sigorta and AXA Sigorta. The three mentioned insurers generated toghether more than one third of total market GWP.
Access www.xprimm.com and download the 3Q2016 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