STATISTICS: TURKEY, 3Q2018: double digit growth/decrease rates depending on the currency of denomination
Thus, GWP by the Turkish insurers denominated in Euro amounted to EUR 5.67 billion, 28.73% down y-o-y.
Recording a lower than average dynamic in the first nine months of the year, Life insurance has lost a little over 1 percentage point from its weight in the market portfolio, currently accounting for 13.8% of the total GWP.
On the non-life insurance side, the motor insurance segment recorded the highest growth rate, mostly driven by the MTPL line (almost 25% increase in GWP).
Top 3 insurers - Allianz, Anadolu and Aksigorta -, are accounting together for 27% of the market GWP.
Access www.xprimm.com and download the 3Q2018 Turkish insurance market statistics.