Page 19 - Turkinsurance Digital Magazine

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In the third quarter of the year, the total premium production in the insurance sector

increased by 123% compared to the same period of the previous year, reaching 328 bil-
lion 210 million Turkish Liras. During this period, liability and vehicle insurance played
a prominent role in premium production, with the most significant increase in premium
production observed in the accident and health insurance branches

According to the data announced by the Insurance Association with a total premium production of 28 billion 491 million Turkish
of Turkey (T.S.B.) at the end of September 2023, the total pre- Liras and a market share of 8.68%. During this period, AXA Sig-
mium production in the insurance sector increased by 123.41% orta ranked fourth with a total premium production of 19 billion
compared to the third quarter of 2022 and reached 328 billion 767 million Turkish Liras and a market share of 6.02%. HDI
210 million TL. During this period, the premium production in Sigorta ranked fifth with a total premium production of 17 billion
non-life branches increased by 128.53% to TL 288 billion 662 981 million Turkish Liras and a market share of 5.48%.
million, while the premium production in the life branch increased
by 92.01% to TL 39 billion 548 million. During this period, the top 5 companies that generated the high-
est premiums in the non-life branches remained unchanged from
In the third quarter of the year, the branch with the highest pre- the previous period. They are listed as Türkiye Sigorta, Allianz
mium production, accounting for 27.42% of the total premium Sigorta, Anadolu Anonim Türk Sigorta Şirketi, AXA Sigorta and
production in the sector, was general liability insurance, which HDI Sigorta.
includes land, air, water vehicles. During this period, total vehi-
cle insurance, including land, air, water, and rail vehicles, came In the life insurance branch, the ranking of the top 5 companies
in second place with a 18.56% share, and the health insurance remained unchanged from the first quarter. Türkiye Hayat ve
branch ranked third with 14.05%. During this period, the share Emeklilik, AgeSA Hayat ve Emeklilik, Anadolu Hayat Emeklilik,
of the fire and natural disasters branch was 12.88%, the life in- Viennalife Emeklilik ve Hayat, Allianz Yaşam ve Emeklilik con-
surance branch had a share of 12.05%, general damages branch stituted the top 5 companies in the life insurance branch.
had a share of 8.81%, the accident branch had a share of 2.37%,
and the transportation branch had a share of 1.39%.
Shares of branches in general
In the first 9 months of 2023, the highest increase in premium premium production
production was observed in the accident branch. In this sec-
tor, while the increase in premium production is observed as 2,37%
172.75%, health insurance ranked second among the branches
with the highest increase in premium production during this pe- 2,47% 1,39%
riod with 149.12%. The increase in premium production in the
fire and natural disasters branch was realized as 144.84%. There
was an increase of 128.36% in liability insurances, 109.59% in 8,81%
vehicle insurances, 106.81% in general damages, 92.01% in life 27,42%
branch, and 70.26% in transportation branch. 12,05%

“Türkiye Sigorta A.Ş. completed the first half
of the year as the leader with a total premium 12,88% 18,56%
production of 24 billion 402 million TL and a
market share of 11.60%.” 14,05%

As of the end of September, in the overall premium production LIABILITY INSURANCE VEHICLE INSURANCES
ranking in both life and non-life branches, Türkiye Sigorta A.Ş. ILLNESS-HEALTH FIRE AND NATURAL DISASTERS
continued to hold the first position with a total premium produc-
tion of 38 billion 697 million Turkish Liras and a market share LIFE GENERAL LOSSES
of 11.79%. During this period, Allianz Sigorta maintained its OTHER ACCIDENT
second position with a total premium production of 31 billion
101 million Turkish Liras and a market share of 9.48%. Anadolu TRANSPORTATION
Anonim Türk Sigorta Şirketi continued to hold the third position