Page 21 - Turkinsurance Digital Magazine

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In the second quarter of 2021, total premium production of insurance market is 5 billion

408 million USD. Liability insurance had the highest share in total premium production
with 24.85% as in previous periods, while the largest increase in premium production in
this period was in the general losses branch

According to the statistics announced by the Insurance Associa- production of 344 million 480 thousand USD, and AXA Sigorta
tion of Turkey (TSB) at the end of June, 2021, total premium ranked fifth with a premium production of 274 million 823 thou-
production of Turkish insurance market stood at 5 billion 408 sand USD and a market share of 5.08%.
million USD with a decrease of 7.67% compared to 2020Q2.
(Total production increased by 17.11% on TL basis. USD-based During this period, top 5 companies in non-life insurance pre-
figures decreased due to the exchange rate difference. USD/TRY mium production were listed as Türkiye Sigorta AŞ, Anadolu
30.06.2021=8.7089; 30.06.2020=6.8658) Anonim Türk Sigorta Şirketi, Allianz Sigorta, AkSigorta, AXA
Sigorta.
During this period, premium production of non-life branches is 4
billion 526 million USD and life branch premium production is On the other hand, top 5 companies of life insurance premiums
882 million USD. were listed as Türkiye Hayat ve Emeklilik AŞ, AgeSA Hayat ve
Emeklilik, Allianz Yaşam ve Emeklilik, Anadolu Hayat Emekli-
At the end of first half of 2021, liability insurance produced lik, Aegon Emeklilik ve Hayat.
highest amount of premiums with a share of 24.85% in total
premium production of the market. Life insurance followed as
second with a share of 16.32%, and vehicle insurance ranked
third with a share of 13.93%. During this period, the share of the Market shares of insurance companies
health branch is 13.64%; the share of the fire and natural disas-
ters branch is 13.10%; the share of the general losses branch is
12.39%; the share of the accident branch is 2.27%; the share of
the transport branch is 1.73%. 11,49%
20,30%
Compared to the same period of the previous year, the largest
increase in premium production on the basis of branches occurred 10,19%
in transportation, vehicle insurance, Fire and natural disasters,
general losses, Health, responsibility and life branches, while the
decrease occurred in the accident branch.
9,57%
“Türkiye Sigorta A.Ş. closed the year as market 19,87%
leader with a premium production of 621 million
USD, and a market share of 11.49%” 6,37%

5,08%
At the end of the second quarter of the year, Türkiye Sigorta
A.Ş. ranked first in overall market premium production (includ- 3,02%
ing both life and non-life premiums), with a premium produc- 4,36%
tion of 621 million 672 thousand USD, and a market share of 3,04% 3,05% 3,66%
11.49%. While Anadolu Anonim Turkish Sigorta followed close- Türkiye Sigorta AŞ Anadolu Anonim Türk Sigorta Şirketi
ly with premium production of 551 million 360 thousand USD, Allianz Sigorta AŞ Aksigorta AŞ
and a market share of 10.19%, Allianz Sigorta ranked third, Axa Sigorta AŞ HDI Sigorta AŞ
its premium production reaching 517 million 500 thousand USD Türkiye Hayat ve Emeklilik AŞ Sompo Sigorta AŞ
and market share standing at 9.57%. Aksigorta ranked fourth Mapfre Sigorta AŞ Bupa Acıbadem Sigorta AŞ
with a market share of 6.37%, which corresponds to a premium Next 10 companies Following companies