Page 27 - Turkinsurance Digital Magazine

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In the first quarter of 2021, the total premium production of the insurance market is 3

billion 27 million USD. Liability insurance had the largest share in total premium produc-
tion with a rate of 23.28% as in previous years, while general losses showed the biggest
growth in premium production

According to the statistics announced by the Insurance Asso- thousand USD, and AXA Sigorta ranked fifth with a premium
ciation of Turkey (TSB) at the end of March 2021, the total production of 153 million 802 thousand USD and a market share
premium production of the Turkish insurance market stood at of 5.08%.
3 billion 27 million USD with a decrease of 8.59% compared
to 2020Q1. Within this period, total premium production in the Within this period, the ranking of the companies in both non-life
non-life segment stood at 2 billion 564 million USD with a de- and life insurance premium production remains the same as the
crease of 4.5 percent, while premium production of life branch previous period. Top 5 companies of non-life insurance premi-
was reported as 463 million 479 thousand USD with a decrease ums were listed as Türkiye Sigorta AŞ, Allianz Sigorta, Anadolu
of 26.12%. (Also, within this period, total premium production Anonim Türk Sigorta Şirketi, AkSigorta, AXA Sigorta.
increased by 21.03% for TL-based statistics. USD-based figures
decreased due to the exchange rate difference. 31.03.2021; On the other hand, top 5 companies of life insurance premiums
USD/TRY=8.3534 // 31.03.2020; USD/TRY=6.5913) were listed asTürkiye Hayat ve Emeklilik AŞ, Allianz Yaşam
ve Emeklilik, Anadolu Hayat Emeklilik, AvivaSA Emeklilik ve
At the end of 2021Q1, liability insurance produced the highest Hayat and Metlife Emeklilik ve Hayat.
amount of premiums with a share of 23.28% in the total pre-
mium production of the market. Health insurance followed as
second with a share of 15.48%, and life insurance ranked third Market shares of insurance companies
with a share of 15.31%. Within this period, the share of gen-
eral loss branch was 14.47%, followed by auto insurance with
13.21%, fire and natural forces branch with 12.60%, accident
with 2.27%, and transportation with 1.66%.
19,20% 12,88%
Compared to the same period of the previous year, the highest
growth in premium production was reported in the general losses
branch. This branch was followed by transportation insurance,
auto insurance, fire, and natural forces, health, and liability 9,79%
lines, respectively. However, premium production of life and ac-
cident branches showed a decrease.
9,30%
“Türkiye Sigorta A.Ş. closed the year as the mar- 19,63%
ket leader with a premium production of 390 mil- 6,24%
lion 108 thousand USD, and a market share of
12.88%” 5,08%
2,81%
At the end of the year, Türkiye Sigorta A.Ş. ranked first in over- 2,94% 3,62% 4,50%
all market premium production (including both life and non-life 4,01%
premiums), with a premium production of390 million 108 thou-
sand USD, and a market share of 12.88%. While Allianz Sigor- Türkiye Sigorta AŞ Allianz Sigorta AŞ
ta followed closely with premium production of 296 million 424 Anadolu Anonim Türk Sigorta Şirketi Aksigorta AŞ
thousand USD, and a market share of 9.79%, Anadolu Anonim Axa Sigorta AŞ HDI Sigorta AŞ
Türk Sigorta Şirketi ranked third, its premium production reach- Bupa Acıbadem Sigorta AŞ Türkiye Hayat ve Emeklilik AŞ
ing 281 million 699 thousand USD and market share standing at
9.30%. Aksigorta ranked fourth with a market share of 6.24%, Sompo Sigorta AŞ Mapfre Sigorta AŞ
which corresponds to premium production of 188 million 900 Next 10 companies Following Companies