The preliminary half-year market figures published by the local insurance association (TSB) shows the insurance sector in Turkey generated total premiums of TRY 27.87 billion (EUR 5.24 billion), an increase of 20.5% y-o-y. After considering inflation, real growth in the sector was 4.4%.

Non-life premiums reached TRY 24 billion (EUR 4.52 billion) in 1H2018, 21.2% higher y-o-y, while life premiums stood at TRY 3.85 billion (EUR 732 million), 16.1% more y-o-y.

Among the biggest classes of business, MTPL GWP grew by 32.5% to TRY 7.74 billion in 1H2018. Motor Own Damage insurance premiums rose by 13.2% to TRY 3.71 billion while Property insurance premiums increased by 16.72% to TRY 6.58 billion.

Access www.xprimm.com and download the 1H2018 Turkish insurance market statistics.

Market portfolio (in EUR and TRY):

• Gross written premiums
• Paid claims
• Growth rates

Market rankings in EUR and TRY (GWP/ Market shares/Growth rates):

• Total market
• Life insurance
• Non-life
• Motor Hull
• Motor vehicle liability
• Accidents
• Health
• GTPL
• Fire
• Damages

Find detailed 1H2018 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2018, to be launched on 21 October, in Baden Baden.