Page 17 - TurkInsurance Digital Magazine

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At the end of the first quarter of 2018, premium production of Turkish insurance market
reached 3 billion 684 million USD. Liability insurance line got the biggest share from
premium volume with 27.63 percent, whereas highest increase was reported at the life

insurance line.

According to the 2018 first quarter statistics announced by the During the first quarter of 2018, top five companies in the rank-
Insurance Association of Turkey (TSB), total premium produc- ing of highest non-life premium production were Allianz Sigor-
tion of Turkish insurance market grew by 8.26 percent over the ta, Anadolu Anonim Türk Sigorta Şirketi, Ak Sigorta, Ziraat
same period of last year, up to 3 billion 684 million USD. (In Sigorta and AXA Sigorta, respectively. Top five companies of
TL based results, growth was reported as 17.57 percent. The dif- life insurance premiums were Ziraat Hayat ve Emeklilik, Allianz
ference was due to the exchange rate difference within the year. Yaşam ve Emeklilik, Metlife Emeklilik ve Hayat, Anadolu Hayat
31.03.2018 USD/TL=3.962, 31.03.2017 USD/TL=3.6482) Emeklilik and Garanti Emeklilik ve Hayat.

At the end of 2018 Q1, non-life premium production was 3 billion Market shares of insurance companies
195 million USD, while life insurance production stood at 489
million 218 thousand USD. Market shares of insurance companies

First quarter’s largest share in premium volume once again be-
longed to liability insurance line with a market share of 27.63
percent. General losses got a share of 14.57 percent, followed by 10,06%
health insurance with 13.80 percent, life insurance with 13.28
percent, and vehicle insurance with 13.13 percent. 20,88% Allianz Sigorta AŞ
9,44% Anadolu Anonim Türk Sigorta Şirketi
At the end of the first quarter, highest increase in premium vol-
ume compared to the same period of 2017 was reported in health Aksigorta AŞ
insurance line. Liability insurance ranked second in terms of pre- Ziraat Sigorta AŞ
mium growth rate, followed by marine, life insurance and gen- 6,38%
eral losses, respectively. Other insurance lines that successively Axa Sigorta AŞ
Marke Market shares of insurance companiest shares of insurance companies 5,79% Mapfre Sigorta AŞ
followed were vehicle insurance, fire and natural forces, and ac-
cident.
21,45%
Groupama Sigorta AŞ
“Allianz Sigorta closed the first quarter as market 5,75% Acıbadem Sağlık ve Hayat Sigorta AŞ
leader with 370 million 693 thousand USD premi- 4,82%
um volume and a market share of 10.06 percent” 4,15% Sompo Japan Sigorta AŞ
4,08% 4,12% Güneş Sigorta AŞ
As of the end of 2018 Q1, Allianz Sigorta was the market leader 3,08% Next 10 companies
10,06%
10,06%
in terms of overall premium production (life and non-life pre-
miums combined) with 370 million 693 thousand USD and got Following companies
20,88% 20,88%
a market share of 10.06 percent. Anadolu Anonim Türk Sigor-
ta Şirketi ranked second with a market share of 9.44 percent
9,44%
9,44%
and a premium production standing at 347 million 791 thousand Allianz Sig Allianz Sigorta AŞorta AŞ Anadolu A Anadolu Anonim Türk Sigorta Şirketinonim Türk Sigorta Şirketi
USD, followed by Ak Sigorta with a premium production of 235
million 271 thousand USD and a market share of 6.38 percent. Aksigorta Aksigorta AŞAŞ Ziraat Sigo Ziraat Sigorta AŞrta AŞ
With a market share of 5.79 percent and premium production Axa Sigort Axa Sigorta AŞa AŞ Mapfre Si Mapfre Sigorta AŞgorta AŞ
of 213 million 190 thousand USD, Ziraat Sigorta ranked third;
6,38%
6,38%
followed by AXA Sigorta with 212 million 44 thousand USD pre- Groupam Groupama Sigorta AŞa Sigorta AŞ Acıbadem Acıbadem Sağlık ve Hayat Sigorta AŞ Sağlık ve Hayat Sigorta AŞ
mium production and a market share of 5.75 percent. Top three
Sompo Japan Sigorta AŞan Sigorta AŞ
companies in this ranking accounted for 25.88 percent of overall Sompo Jap Güneş Sig Güneş Sigorta AŞorta AŞ
market premiums, while the top five dominated the market with Next 10 c Next 10 companiesompanies Following Following companies companies
a share of 37.42 percent. 5,79% 5,79%
21,45% 21,45%

5,75% 5,75%

4,82% 4,82%

3,08% 3,08% 4,15% 4,15%
4,08% 4,08% 4,12%
4,12%