Page 15 - Turkinsurance Digital Magazine

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

creased by 106.78% compared to the same period of the previous year, reaching 485
billion 920 million TL. During this period, the highest increase in premium production
occurred in the fire and natural disasters branch, while liability insurances and vehicle in-

surances constituted the branches with the highest increase.

Insurance Association of Turkey (T.S.B.According to the data with a total premium production of 36 billion 112 million TL and
announced by) at the end of December 2023, the total premium a market share of 7.43%, while AkSigorta ranked fifth with a to-
production in the insurance sector was TL 485 billion 920 million, tal premium production of 27 billion 298 million TL and a market
an increase of 106.78% compared to the fourth quarter of 2022. share of 5.62%.
During this period, the premium production in non-life branches in-
creased by 110.26% to TL 429 billion 227 million, while the pre- In this period, the top 5 companies producing the highest premiums
mium production in the life branch increased by 83.72% to TL 56 in non-life branches were Türkiye Sigorta, Allianz Sigorta, Anadolu
billion 692 million. Anonim Türk Sigorta Şirketi, AXA Sigorta and AkSigorta.
In the last quarter of the year, the branch with the highest premium In the life branch premium production, the ranking of the top 5 com-
production, accounting for 26.85% of the premium production in panies remained unchanged compared to the previous quarter. Tür-
the sector, was general liability insurance, which includes land, air, kiye Hayat ve Emeklilik, AgeSA Hayat ve Emeklilik, Anadolu Hayat
water vehicles. During this period, total vehicle insurance, includ- Emeklilik, Viennalife Emeklilik ve Hayat, Allianz Yaşam ve Eme-
ing land, air, water, and rail vehicles, came in second place with a klilik constituted the top 5 companies in the life insurance branch.
18.36% share, and the health insurance branch ranked third with
14.56%. The share of the fire and natural disasters branch was
13.47%, the life insurance branch had a share of 11.67%, general Shares of branches in general
damages branch had a share of 9.23%, the accident branch had premium production
a share of 2.25%, and the transportation branch had a share of
1.36%. 1,36%
2,25% 2,24%
At the end of 2023, the highest increase in premium production
was observed in the fire and natural disasters branch. In this sector,
while the increase in premium production is observed as 139.52%, 9,23%
health branch ranked second among the branches with the highest
increase in premium production during this period with 135.41%. 26,85%
The increase in premium production in the accident branch was
132.59%. In the general damages branch, it was 104.22%; lia- 11,67%
bility insurances 101.72%; vehicle insurances 88.43%; life branch
83.72%; transportation branch 72.87%.

“Türkiye Sigorta A.Ş. completed the year as the
leader with a total premium production of 59 bil- 13,47%
lion 518 million TL and a market share of 12.25% 18,36%
it obtained from the market”
14,56%
As of the end of December, in the overall premium production rank-
ing in both life and non-life branches, Türkiye Sigorta A.Ş. contin-
ued to hold the first position with a total premium production of 59
billion 518 million Turkish Liras and a market share of 12.25%. LIABILITY INSURANCE VEHICLE INSURANCES
During this period, Allianz Sigorta maintained its second position DISEASE-HEALTH FIRE AND NATURAL DISASTERS
with a total premium production of 46 billion 637 million Turkish
Liras and a market share of 9.60%. Anadolu Anonim Türk Sigorta LIFE TOTAL GENERAL DAMAGES
Şirketi continued to hold the third position with a total premium ACCIDENT OTHER
production of 44 billion 228 million Turkish Liras and a market
share of 9.10%. During this period, AXA Sigorta ranked fourth TRANSPORTATION