Page 21 - Turkinsurance Digital Magazine

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Annual premium production increase rates by branches

70,54%

53,15%

34,88%
38,63%
32,69%
29,54%
22,83%
17,65%
9,21%

Other Transportation General Vehicle Fire and Natural Disease-Health Life Liability Accident
Damages Insurances Disasters Insurance

Insurance Association of Turkey (T.S.B.According to the data an- TL and a market share of 10.19%, while Allianz Insurance came
nounced by) at the end of December 2021, the total premium pro- in third with a premium production of 9 billion 854 million TL and
duction in the insurance sector was TL 105 billion 307 million, an a market share of 9.36%. appeared to be ranked. In this period,
increase of 27.53% compared to the fourth quarter of 2020. Dur- AkSigorta ranked fourth with a premium production of 6 billion
ing this period, the total premium production in non-life branches 987 million TL and a market share of 6.64%, while AXA Sigorta
increased by 28.52% to TL 87 billion 580 million, while the pre- ranked fifth with a premium production of 5 billion 923 million TL
mium production in the life branch increased by 22.83% to TL 17 and a market share of 5.63%. In this period, the top 5 companies
billion 726 million. with the highest premiums in non-life branches are Türkiye Sigorta
AŞ, Anadolu Anonim Türk Sigorta Şirketi, Allianz Sigorta, AkSig-
The branch with the highest premium production in the last quarter orta, AXA Sigorta.
of the year was liability insurance, which accounted for 25.73% of
the total premium production of the sector. The life branch took The top 5 companies in life branch premium production; Türkiye
the second place with a share of 16.83%; car insurances took the Hayat ve Emeklilik AŞ, Anadolu Hayat Emeklilik, AgeSA Hayat ve
third place with 15.02%. During this period, the share of the fire Emeklilik, Allianz Yaşam ve Emeklilik, Aegon Emeklilik ve Hayat.
and natural disasters branch was 13.34%; the share of the health
branch was 12.42%; the share of the general damages branch was
10.48%; the share of the accident branch was 2.32%; the share of
the transportation branch was 1.75%. Although the transportation Shares of branches in general premium production
branch received the lowest share in the total premium production, 1,75%
the largest increase in premium production was seen in this branch 2,32% 2,10%
compared to the same period last year. At the end of the year, the
increase in premium production in the transportation branch was
53.15%. While general losses ranked second among the branches 10,48%
with the highest increase in premium production in this period, with 25,73%
38.63%, the increase in premium production in vehicle insurance
was 34.88%. 32.69% in the fire and natural disasters branch; 12,42%
29.54% in health branch; 22.83% in life insurance; liability in-
surance premium production increased by 17.65% and accident 16,83%
branch premium production increased by 9.21%. 13,34%

“Turkey Insurance Inc.; With a total premium 15,02%
production of 11 billion 749 million TL and a
market share of 11.16%, it completed 2021 as Liability Insurance
the leader.” Life
Vehicle Insurances
Fire and Natural Disasters
Disease-Health
At the end of the year, Türkiye Sigorta A.Ş. with 11 billion 749 General Damages
million TL premium production and 11.16% market share in the Accident
overall premium production ranking in life and non-life branches. Other
ranked first. Anadolu Anonim Türk Sigorta Şirketi ranked second Transportation
in this period with a premium production of 10 billion 735 million