Non-life insurance companies generated premiums during 2019 of TRY 57.88 billion, while life insurers collected premiums of TRY 11.35 billion. The growth rate for non-life insurers in 2019 was 21.26% while the life sector posted a real increase of 64.14%. On the non-life insurance side, all main subclasses reported impressive positive rates, as follows: property (+17.22%), MoD (+ 19.93%), MTPL (+18.02%), GTPL (+23.01%), accidents (+30.92%), health (+33.85%).
Last year, top 5 insurers as GWP volume were ALLIANZ (10.00% market share), ANADOLU (9.54%), AKSIGORTA (6.46%), AXA Sigorta (5.93%) and SOMPO JAPAN Sigorta (4.86%). The menioned insurers accounted together more than one third (36.78%) of the market GWP.
Access xprimm.com and download the latest Turkish insurance market statistics.