Page 19 - Turkinsurance Digital Magazine

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The results indicate that overall technical profitability grew by 7 1 billion 48 million USD paid to
percent over the same period of previous year. Technical profita- policyholders for losses during the first quarter
bility in non-life segment decreased by 3.6 percent compared to the
first quarter of 2018, but increased by 29.8 percent in life segment.
Technical profit of the pension market also grew by 19.7 percent. In the first quarter of this year, net amount of claims payments
reached 916 million 839 USD in the non-life segment, and 131
Technical loss reaches 66.5 million USD in 3 insur- million 750 thousand USD in the life segment. Total net amount
of claims payments stood at 1 billion 48 million USD, compared to
ance lines 866 million 474 thousand USD in the same period of 2018. Under-
written premiums, which had a direct influence on technical profit
Apart from traffic insurance, 3 insurance lines reported a total tech- of 2019Q1, reached 1 billion 656 million USD in non-life segment
nical loss of 66 million 578 thousand USD during the first quarter and 407 million 184 thousand USD in life segment.
of 2019. In the first quarter of 2018, 4 insurance lines (apart from
traffic) had reported a total loss of 1 million 363 thousand USD. Highest amount of claims payment was made in the land vehicles
As of 2019 Q1, technical loss in land vehicles liability reached 64 liability line with 398.8 million USD; followed respectively by land
million USD, with a loss ratio of -13.8%. Other loss reporting lines vehicles with 242.7 million USD, sickness/health with 208.1 mil-
were ships liability with 4.4 thousand USD and a ratio of -1.2%, lion USD, fire and natural forces with 60.5 million USD, general
and credit insurance with 2 million 380 thousand USD and a ratio losses with 29.2 million USD, engineering with 19.5 million USD,
of -94.2%. accident with 6.6 million USD, state-supported agricultural insur-