Page 21 - Turkinsurance Digital Magazine

21

In the first quarter of the year, total premium production in the insurance sector increased
by 91.78% compared to the same period last year, reaching 199.2 billion TL. During this
period, the largest increase in premium production was observed in the fire and natural
disasters and health sectors, while liability insurance and health insurance were the sectors

with the most significant growth.

Insurance Association of Turkey (T.S.B.According to the data Anonim Türk Sigorta Şirketi, AXA Sigorta, and Bupa Acıbadem
announced by) at the end of March 2024, the total premium pro- Sigorta.
duction in the insurance sector was TL 199 billion 263 million, an
increase of 91.78% compared to the first quarter of 2023. During In the life sector, however, the ranking of the top 5 companies
this period, the premium production in non-life branches increased changed compared to the previous quarter, with AgeSA Hayat ve
by 93.08% to TL 177 billion 735 million, while the premium pro- Emeklilik taking the top spot this period. The ranking was followed
duction in the life branch increased by 81.66% to TL 21 billion by Türkiye Hayat ve Emeklilik, Viennalife Emeklilik ve Hayat, An-
527 million. adolu Hayat Emeklilik, and Allianz Yaşam ve Emeklilik.

In the first quarter of the year, the branch with the highest pre-
mium production, accounting for 23.43% of the premium pro-
duction in the sector, was general liability insurance, which in- Shares of Branches in General
cludes land, air, water vehicles. During this period, the health Premium Production
sector ranked second with an 18.98% share, while the fire and
natural disasters sector came in third with a 16.11% share. The
share of total vehicle insurance, which includes land, air, water, 1,69%
and rail vehicles, was 14.11%; the share of general damages was 1,93% 1,35%
11.61%; the share of life insurance was 10.80%; the share of
accident insurance was 1.93%; and the share of transportation
insurance was 1.35%.
10,80%
At the end of the first quarter of 2024, the largest increase in 23,43%
premium production was observed in the fire and natural disasters
sector. This sector saw a 145.64% increase in premium produc-
tion, while the health sector ranked second among the sectors with
the highest increase in premium production, with a 104.50% rise 11,61%
during this period. The increase in premium production for liabili-
ty insurance was 87.80%. In general damages, it was 86.52%; in
accident insurance, 85.60%; in life insurance, 81.66%; in trans-
portation insurance, 79.20%; and in vehicle insurance, 59.55%.
18,98%
“Ranking Changed in the Life Sector” 14,11%

At the end of March, Türkiye Sigorta A.Ş. maintained its posi-
tion at the top of the general premium production ranking, with 16,11%
28 billion 162 million TL in premium production and a market
share of 14.13%. Allianz Sigorta held second place with 20 bil-
lion 91 million TL in premium production and a 10.08% market
share, while Anadolu Anonim Türk Sigorta Şirketi remained in LIABILITY INSURANCE ILLNESS/HEALTH
third place with 16 billion 462 million TL in premium production FIRE AND NATURAL DISASTERS VEHICLE INSURANCE
and an 8.26% market share. AXA Sigorta was fourth with 14 bil- GENERAL LOSSES LIFE
lion 226 million TL in premium production and a 7.14% market
share, and Bupa Acıbadem Sigorta was fifth with 9 billion 897 ACCIDENT OTHER
million TL in premium production and a 4.97% market share. TRANSPORTATION

In the non-life sectors, the top 5 companies with the highest pre-
mium production were Türkiye Sigorta, Allianz Sigorta, Anadolu