STATISTICS: TURKISH insurers' Q1 GWP saw a 15.7% y-o-y positive trend
Of the total, the non-life sector contributed with TRY 10.8 billion or 86.7%, while the life segment generated TRY 1.7 billion (13.4% of total). In terms of growth rates, the non-life sector grew by 11.7% while the life segment was up by 50.9%.
Of the 60 active members of TSB, the company which generated the largest premium volume was ALLIANZ Sigorta with TRY 1.4 billion (market share of 11.5%), followed by ANADOLU Sigorta with TRY 1.1 billion (9.0%) and AXA Sigorta with TRY 831 million (6.7%).
Access www.xprimm.com and download the 1Q2017 Turkish insurance market statistics.
Market portfolio (in EUR and TRY):
- Gross written premiums
- Paid claims
- Growth rates
- Total market
- Life insurance
- Motor Hull
- Fire and allied perils
- Damages to property
- Motor vehicle liability