Page 9 - Turkinsurance Digital Magazine

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Number of policies by years In 2017, sheep and goats insurance grew by 28.4 percent in terms
of number of policies, 62.6 percent in terms of sum insured, 53.2
percent in terms of number of insured animals, and 30.4 percent
1.598.269
1.375.390 1.444.277 in terms of premium production. Total sum insured by this line
1.086.612 reached 428 million TL, while premium production reached 5.3
million TL. Number of insured animals exceeded 1 million 722
thousand.

2014 2015 2016 2017 Decreasing trend in beehives insurance
apple, orange, cherry, oat, tangerine, peach, cotton, olive, corn
and plum. Majority of the losses covered by crop insurance were In 2017, beehives insurance performed worse than the previous
caused by frost, hail, weight of snow, and storms. In 2017, highest year. Number of policies decreased by 2 percent, total sum in-
amount of compensations were paid for grape with a share of 29.7 sured decreased by 1.7 percent, and premium production shrank
percent, followed by 23.9 percent with apricot. Apple and wheat by 3.7 percent. Total sum insured went down to 917 million TL,
are the other two products that reported big losses. while premium production stood at 35.9 million TL.

Premium production increased by 37.7 On the other hand, poultry insurance grew by 26.2 percent in
terms of number of policies, 40.3 percent in terms of sum insured
percent in greenhouse insurance and 44.8 percent in terms of premium production. Total sum in-
sured reached 150 million TL, and overall premiums reached 1.7
million TL at the end of 2017.
During 2017, greenhouse insurance grew by 22.9 percent in terms
of number of policies, 43.1 percent in terms of sum insured, and Like most of the other lines, aquaculture insurance grew by 149.3
37.7 percent in terms of premium production. Total sum insured percent in terms of number of policies, 44.9 percent in terms of sum
reached 4.5 billion TL, while premium production stood at 65.7 insured and 20.9 percent in terms of written premiums. Total sum
million TL. insured in this line reached 117 million TL, and premium produc-
tion reached 5.8 million TL.
Number of insured cattle increased by 43.7

percent Sum insured by insurance lines

as of 2017 (TL)
Cattle insurance grew by 53.3 percent in terms of number of pol-
icies during 2017, 55.6 percent in terms of sum insured, 43.7
percent in terms of number of insured animals and 47.5 percent Beehives insurance 1.284.715
in terms of premium production. Total sum insured stood at 5.4 Aquaculture insurance 184.632
billion TL, and overall premiums reached 353.2 million TL in Poultry insurance 294.086
this line. Majority of the losses in cattle insurance were caused Sheeps and goats insurance 12.290.593
by death, obligatory slaughter, death of baby, abortion, and theft. Cattle insurance 157.834.469
Number of insured animals exceeded 834 thousand. Greenhouse insurance 36.121.669
Crop insurance 625.075.321

Rate of agricultural growth by years (%)

80
55,4 52,7 59,4 52,3 52
60
40

20 2,3 0,6 9,4 -2,6 4,7
0
2013 2014 2015 2016 2017
-20

Agrcultural GDP (billion USD) Agricultural growth (%)

Zeynep Tütüncü / zeynept@bestyayincilik.com