Page 23 - Turkinsurance Digital Magazine

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At the end of the third quarter of 2020, total premium production of Turkish insurance
market reaches 7 billion 618 million USD. Once again, liability insurance gets the highest
share from total market premiums with 27.66%; while highest growth is reported in life

insurance premiums.

According to the statistics announced by the Insurance Associa- Sigorta, Anadolu Anonim Türk Sigorta Şirketi, Aksigorta, and
tion of Turkey at the end of September 2020, total premium pro- AXA Sigorta.
duction in Turkish insurance market was reported as 7 billion 618
million USD, down by 10.86% compared to September 2019 re- On the other hand, companies that produced highest amount of
sults. Premiums written in non-life segment amounted to 6 billion life premiums were respectively listed as Türkiye Hayat ve Emek-
172 million USD, while life insurance premiums amounted to 1 lilik AŞ, Anadolu Hayat Emeklilik, Allianz Yaşam ve Emeklilik,
billion 446 million USD. (TL-based results indicate a growth of Metlife Emeklilik ve Hayat, and AvivaSA Emeklilik ve Hayat.
22.44% in overall premium production. This difference between
TL and USD based results is due to exchange rate difference be-
tween 2019 and 2020. USD/TL on 30.09.2020: 7.7778; USD/ Market shares of insurance companies
TL on 30.09.2019: 5.6623).

At the end of the third quarter of 2020, liability insurance once
again dominated the market with highest amount of premiums, 10.58%
accounting for 27.66% of total market premiums. Life insurance 19.06%
followed with a share of 18.98%, and auto insurance ranked
third with 13.15%. Share of fire and natural forces branch 9.57%
was reported as 12.29%, and following lines were listed as fol-
lows: health insurance 12.24%, general losses 9.93%, accident
2.76%, and marine 1.44%.
9.55%
Highest premium growth of the third quarter of 2020 was report-
ed in life insurance compared to the same period of previous year. 20.25%
General losses line ranked second, followed by fire and natural
forces, health insurance, marine insurance, auto insurance, lia- 5.97%
bility insurance and accident insurance.
5.85%
“Türkiye Sigorta A.Ş completed Q3 as the mar- 5.33%
ket leader with written premiums standing at 805 2.57% 3.16%
million USD, and a market share of 10.58%” 3.97% 4.15%

Türkiye Sigorta A.Ş took the first place in terms of total life Türkiye Sigorta AŞ
and non-life premiums with 805 million 959 thousand USD and Allianz Sigorta AŞ
a share of 10.58% at the end of the third quarter. Allianz Sig- Anadolu Anonim Türk Sigorta Şirketi
Aksigorta AŞ
orta ranked second with 729 million 63 thousand USD and a Türkiye Hayat ve Emeklilik AŞ
market share of 9.57%, followed by Anadolu Anonim Türk Sig- Axa Sigorta AŞ
orta Şirketi with 727 million 784 thousand USD and a market Sompo Sigorta AŞ
share of 9.55%, Aksigorta with 454 million 583 thousand USD HDI Sigorta AŞ
and a market share of 5.97%, and Türkiye Hayat Emeklilik with Mapfre Sigorta AŞ
445 million 976 thousand USD and a market share of 5.85%. Bupa Acıbadem Sigorta AŞ
During Q3, companies that produced highest amount of non-life Next 10 Companies
premiums were respectively listed as Türkiye Sigorta AŞ, Allianz Following Companies