STATISTICS: The Turkish market exceeded TRY 40 billion in GWP last year
Of the aggregate figure, the non-life sector contributed with TRY 35.4 billion or 87.6%, while the life segment generated TRY 5.0 billion (12.4% of total). In terms of growth rates, the non-life sector grew by 30% while the life segment was up by 34%.
In 2016, of the 60 active members of local asociation, the company which generated the largest premium volume was ALLIANZ Sigorta with TRY 5.8 billion (market share of 14.3%), followed by ANADOLU Sigorta with TRY 4.5 billion (11.1%) and AXA Sigorta with TRY 3.6 billion (8.8%).
Access www.xprimm.com and download the FY2016 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