Page 19 - Turkinsurance Digital Magazine

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According to the statistics announced by the Insurance Association the market leader with a total premium production of 1 billion 100
of Turkey (TSB) as of the end of December 2018, overall premium million USD for life and non-life segment and a market share of
production in Turkish insurance market reached 10 billion 354 mil- 10.63 percent. Anadolu Anonim Türk Sigorta Şirketi followed as
lion USD at the end of the 12 months of the year. In this respect, second in ranking with 1 billion 80 million USD premiums and
non-life premium volume stood at 9 billion 43 million USD, while a market share of 10.43 percent. AkSigorta ranked third with a
life insurance premiums equaled to 1 billion 311 million USD. market share of 6.25 percent and a premium volume of 647 million
(Premium growth was reported 17.4 percent in TL based results, 432 thousand USD. Axa Sigorta’s premium volume stood at 639
but 15.83 percent in USD based results due to the annual change in million 348 thousand USD and market share at 6.17 percent, fol-
the exchange rate. USD/TL rate was 5.2783 as of 31.12.2018, but lowed by Mapfre Sigorta with a market share of 4.84 percent and
3.7843 percent as of 31.12.2017.) a premium volume of 501 million 118 thousand USD. Top three
companies in the ranking accounted for 27.31 percent of overall
At the end of the year, liability branches dominated the market market premiums, while top five companies dominated the market
with a share of 31.96 percent in overall premium volume. Motor with a total share of 38.33 percent.
insurance ranked second with 15.23 percent, while fire and natural
forces ranked third with 12.76 percent. Life insurance got a share “Allianz Sigorta closed the year as the market lead-
of 12.66 percent, health insurance 11.43 percent, general losses er with a premium production of 1 billion 100 mil-
9.6 percent, accident 3.32 percent and marine 1.52 percent.
lion USD and a market share of 10.63 percent”
At the end of 2018, biggest growth in
insurance premiums was reported in lia- Allianz Sigorta, Anadolu Anonim Türk Sigorta Şirketi, AkSigorta,
bility insurance compared to the end of AXA Sigorta, Mapfre Sigorta were respectively the most produc-
2017. Health insurance, fire and natural tive companies of non-life segment during the fourth quarter.
forces, general losses, motor insurance,
accident insurance and life insured fol- Top five segments of the life segment were listed as Ziraat Hayat
lowed consecutively. ve Emeklilik, Anadolu Hayat Emeklilik, Allianz Yaşam ve Emek-
lilik, Metlife Emeklilik ve Hayat, and Aegon Emeklilik ve Hayat,
At the end of 2018, Allianz Sigorta was respectively.

Market shares of insurance companies

10,63%
Allianz Sigorta AŞ
21,46%
Anadolu Anonim Türk Sigorta Şirketi
10,43% Aksigorta AŞ
Axa Sigorta AŞ

Mapfre Sigorta AŞ
6,25% Sompo Japan Sigorta AŞ

Ziraat Sigorta AŞ
Güneş Sigorta AŞ
6,17%
21,85% Halk Sigorta AŞ

Doga Sigorta AŞ
4,84%
Next 10 companies
4,59%
Following companies
4,02%
3,21% 3,49%
3,05%