Page 21 - Turkinsurance Digital Magazine
P. 21
21
Looking at the claims paid in different branches, we see that ish Liras. In the first quarter of 2023, the loss in motor vehicle
62.6 million Turkish Liras were paid in the accident branch, 6.2 insurance amounted to 2.7 billion Turkish Liras, with a rate of
billion Turkish Liras in the disease-health branch, 5.3 billion 25.6%.
Turkish Liras in the motor vehicle branch, 135.8 million Turk-
ish Liras in the watercraft branch, 103 million Turkish Liras in The comprehensive insurance branch showed a technical prof-
the transportation branch, and 1.9 billion Turkish Liras in the it. The sector recorded a 37.9% profit ratio in comprehensive
fire and natural disasters branch. insurance, and the total technical profit in this branch was 4.3
billion Turkish Liras. Written premiums in the comprehensive
Losses are deepening in the motor vehicle insurance branch amounted to 15.7 billion Turkish Liras, and
branch claims paid were 5.3 billion Turkish Liras. In the first quarter
of 2021, the profitability in the comprehensive insurance branch
was observed as 655.783 million Turkish Liras.
Motor vehicle insurance, which is the sector's flagship branch,
showed a technical profit for the first time in a long time in In state-supported agricultural insurance, the technical profit-
2020. However, this trend could not be sustained in the first ability was 324.562 million Turkish Liras, while in engineer-
quarter of 2021, and losses were observed in motor vehicle in- ing insurance, it was 288.896 million Turkish Liras. Written
surance. In the first quarter of 2022, these losses deepened even premiums in agricultural insurance exceeded 1.3 billion Turkish
further. In the first quarter of 2021, the motor vehicle branch Liras. Looking at engineering insurance, it can be seen that writ-
experienced a technical loss of 260.4 million Turkish Liras. In ten premiums reached 1.8 billion Turkish Liras.
the first quarter of 2022, this loss increased to 2.9 billion Turk-
Technical profit and loss amounts in traffic and comprehensive motor
insurance branches over the years (in million TL):
100%
80%
60%
683 4.365
40% 162 655,7
20% 320 -2,936
0% 65 -2,726
-20% 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1
-40% -85 -260
-60% -378
-80% -1,256
-100%
TRAFFIC MOTOR-INSURANCE
Technical profit and loss amounts in selected branches over the periods (in TL)
ACCIDENT MOTOR VE GENERAL MOTOR VEHICLE TRANSPORTATION FIRE AND NATURAL ILLNESS- LEGAL FINANCIAL LOS- AIRCRAFT SURETY CREDIT GENERAL
HICLES LOSSES LIABILITY DISASTERS HEALTH PROTECTION SES LIABILITY LIABILITY
2018 1.Ç 221.940.191 162.934.045 98.505.483 -4.706.735 61.806.563 213.623.573 73.725.994 47.144.549 17.441.718 996.000 8.677.316 1.307.552 32.223.883
2019 1.Ç 288.832.502 320.068.071 181.110.091 -372.093.695 81.723.719 144.642.957 163.175.134 46.569.413 20.339.636 2.667.699 318.988 -13.805.857 36.460.640
2020 1.Ç 345.127.592 683.017.088 147.843.851 124.109.203 89.242.536 275.382.192 255.660.907 37.453.619 13.938.378 499.676 8.279.406 5.633.391 -39.927.558
2021 1.Ç 331.937.789 655.783.157 203.280.140 -207.619.543 110.586.110 202.400.814 682.019.970 55.679.170 7.519.872 919.715 11.825.762 -599.743 -83.880.006
2022 1.Ç 546.539.722 -1.256.159.467 315.301.095 -2.714.951.826 231.118.697 407.835.487 148.868.332 116.628.280 241.062.768 57.890.559 -42.781.357 51.564.380 201.092.672
2023 1.Ç 601.224.477 4.365.873.957 705.520.354 -2.663.022.788 233.090.229 -1.049.704.101 746.113.053 117.130.841 -90.447.079 3.629.126 55.962.955 103.833.781 99.357.069
