Page 23 - Turkinsurance Digital Magazine

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In the second quarter of the year, total premium production in the insurance sector in-
creased by 80.68% compared to the same period last year, reaching 380 billion 393
million 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.

According to the data announced by the Insurance Association of total premium production of 17 billion 522 million TL and a market
Turkey (T.S.B.) at the end of June 2024, the total premium pro- share of 4.61%. AXA Sigorta ranked fourth during this period with
duction in the insurance sector increased by 80.68% compared to a premium production of 25 billion 875 million TL and a market
the second quarter of 2023 and reached 380 billion 393 million TL. share of 6.8%, while AkSigorta placed fifth with a premium pro-
During this period, the premium production in non-life branches in- duction of 17 billion 522 million TL and a market share of 4.61%.
creased by 81.32% to TL 337 billion 49 million, while the premium
production in the life branch increased by 75.91% to TL 43 billion In this period, the top 5 companies producing the highest premiums
343 million. in non-life branches were Türkiye Sigorta, Allianz Sigorta, Anadolu
Anonim Türk Sigorta Şirketi, AXA Sigorta and AkSigorta.
In the first half of the year, the branch with the highest premium
production was liability insurance, which accounted for 26.91% In premium production for the life branch during this period, AgeSA
of the sector’s total premium production and consists of land, air, Hayat ve Emeklilik continued to hold the first position, followed by
water vehicles, and general liability. During this period, the health Viennalife Emeklilik ve Hayat, Türkiye Hayat ve Emeklilik, Anad-
branch ranked second with a share of 16.58%, while the fire and olu Hayat Emeklilik, and Allianz Yaşam ve Emeklilik.
natural disasters branch ranked third with 15.21%. The share of to-
tal vehicle insurance, which includes land, air, water, and rail vehi- Shares of Branches in General
cles, was 14.45%; the life branch’s share was 11.39%; the general Premium Production
damages branch’s share was 10.21%; the accident branch’s share
was 2.11%; and the transportation branch’s share was 1.36%. 1,77%
2,11% 1,36%
By the end of the second quarter of 2024, the highest increase in
premium production was observed in the fire and natural disasters
branch. This sector saw a 124.35% increase in premium produc- 10,21%
tion, while the health sector ranked second among the sectors with
the highest increase in premium production, with a 100.40% rise
during this period. During this period, the increase in premium pro- 11,39% 26,91%
duction in the general damages branch was 86.38%. In liability
insurance, the increase was 80.81%; in the transportation branch,
it was 77.07%; in the life branch, it was 75.91%; in the accident
branch, it was 68.25%; and in vehicle insurance, it was 45.03%. 14,45% 16,58%

“The top 3 companies with the highest premi-
um production accounted for 31.5% of the total 15,21%
premium production, while the top 5 companies
made up 42.9%.”
LIABILITY INSURANCE

As of the end of June, in the overall premium production ranking in ILLNESS/HEALTH
both life and non-life branches, Türkiye Sigorta A.Ş. continued to FIRE AND NATURAL DISASTERS
hold the first position with a total premium production of 50 billion VEHICLE INSURANCE
410 million Turkish Liras and a market share of 13.25%. Allianz
Sigorta held second place with 37 billion 946 million TL in premi- LIFE
um production and a 9.98% market share, while Anadolu Anonim GENERAL LOSSES
Türk Sigorta Şirketi remained in third place with 31 billion 545 ACCIDENT
million TL in premium production and an 8.29% market share. OTHER
During this period, AXA Sigorta ranked fourth with a total premi-
um production of 25 billion 875 million TL and a market share of TRANSPORTATION
6.8%, and a 10.08% market share AkSigorta ranked fifth with a