Page 19 - Turkinsurance Digital Magazine

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The statistics indicate that technical profitability and machinery branch lost 144 thousand USD,
rose by 23.1 percent compared to the first half of by -1.4 percent. General liability branch lost 9
last year. Technical profitability of the non-life million USD with a rate of -17.9 percent, and
segment grows by 20 percent, while the life seg- credit branch lost 1 million USD with a rate of
ment is 31.4 percent more profitable. Technical -21.6 percent.
profitability in the pension system increased by
20.5 percent. The value of claims paid by the mar-
ket reaches 2 billion 78 million USD
Total technical loss of 5 lines reaches
141.1 million USD The net value of non-life claims paid has stood
at 1 billion 830 million USD as of the first half
Apart from the traffic line, 5 other branches have of 2019, while the net value of life claims has
been reported to reach a total technical loss of reached 247 million 904 thousand USD. Total
141 million 164 thousand USD. The Association net value of claims paid by Turkish insurance
had reported losses in 3 branches excluding traf- market has reached 2 billion 78 million USD,
fic in the first half of 2018, which amounted to 3 compared to the total 1 billion 740 million USD
million 75 thousand USD in total. paid in the first half of last year. Written premi-
ums, which have a great influence on the techni-
During the first half, technical loss in land vehi- cal profit of the first half, reach 3 billion 267 mil-
cles branch has reached 128 million USD with a lion USD in the non-life segment and 774 million
loss rate of -13.5 percent. Rolling stock branches 921 thousand in the life segment.
lost by -166.5 percent, at 876 USD. Ships hull

Technical profit/loss rates in non-life segment by years

400 14,0%
12,7% 12,9%
350 12,0%
300
9,8% 10,0%
250
8,0%
200
6,0%
150
4,0%
100 3,5%
2,0%
50
64 223 305 366 0,0%
0
2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 -2,0%
-50 -2,6%
-37
-100 -4,0%
Technical profit of non-life segment (million USD) Technical profit/loss rate (%)