Page 19 - Turkinsurance Digital Magazine

17

According to the statistics announced by the Insurance auto, accident, life, liability and general losses lines, re-
Association of Turkey (T.S.B) at the end of June 2019, spectively.
total premium production is reported as 5 billion 756
million USD. Accordingly, premium production of non- At the end of 2019Q2, Allianz Sigorta is once again
life insurance segment is 4 billion 960 million USD, market leader with a market share of 10.08% in overall
while the premium volume of life segment stands at market premiums including life and non-life premiums,
795 million USD. (TL-based results indicate a growth which corresponds to 580 million 295 thousand USD.
of 19.23 percent over the same period of last year, up Anadolu Anonim Türk Sigorta Şirketi follows as second
to 33 billion 235 million TL. However, USD-based fig- largest company of the market with a production of 564
ures indicate a shrinkage of 5.52% due to the exchange million 582 thousand USD and a market share of 9.81
rate difference. USD/TL parity stood at 4.5758 on percent. AkSigorta ranks third with a production of 371
30.09.2018, and 5.7741 on 30.06.2019.) million 99 thousand USD and a market share of 6.45%.
AXA Sigorta maintains its position as the fourth with a
At the end of the second quarter, liability branch gets market share of 5.90% and a premium production of
the highest share from overall premium production of 339 million 512 thousand USD. Ziraat Sigorta ranks
Turkish insurance market with 29.24%. Auto insurance the fifth with a market share of 4.84% and a premium
follows as second with a share of 14.21%, and life in- production of 278 million 762 thousand USD. Premi-
surance as third with 13.83%. Share of life insurance ums written by top three companies account for 26.34
stands as 13.23%, followed by fire and natural forces percent of total market production, while the top five
with 12.26%, general losses with 10.72%, accident companies have produced 37.08 percent of all premi-
with 3.30%, and marine with 1.52%. ums written during the second quarter.

“Allianz Sigorta is the market leader with Top five companies in non-life premium production are
a premium volume of 580 million 295 thou- respectively listed as; Allianz Sigorta, Anadolu Anonim
Türk Sigorta Şirketi, AkSigorta, AXA Sigorta, and
sand USD and a market share of 10.08%” Ziraat Sigorta. Whereas the top five companies of the
life segment are listed as Ziraat Hayat ve Emeklilik,
Compared to the first half of 2018, biggest increase in Metlife Emeklilik ve Hayat, Allianz Yaşam ve Emek-
premium volume is reported in the health insurance line. lilik, ve Anadolu Hayat Emeklilik, and Vakıf Emeklilik
During the second quarter of this year, growth of health ve Hayat.
insurance is followed by fire and natural forces, marine,

Market shares of insurance companies

Allianz Sigorta AŞ
10.08%
Anadolu Anonim Türk Sigorta Şirketi
22.72% Aksigorta AŞ
9.81%
Axa Sigorta AŞ
Ziraat Sigorta AŞ
6.45% Sompo Japan Sigorta AŞ

Mapfre Sigorta AŞ
5.90% Acıbadem Sağlık ve Hayat Sigorta AŞ

21.52% HDI Sigorta AŞ
4.84%
Halk Sigorta AŞ
4.53%
Next 10 Companies
4.49%
Following Companies
3.20%
3.23% 3.23%