Page 18 - Turkinsurance Digital Magazine
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Our Expectation for Double-Digit Growth
Continues in 2025
President of the Turkish Insurance Association, Uğur Gülen:
“In the first nine months of 2024, we grew our capital by 83% nominally and
22% in real terms compared to the same period last year.”
How Did the Insurance Sector Perform in 2024?
Non-Life Insurance 2024-11 2023-11
The year 2024 proved to be a remarkably successful one for our Production Shares
industry. By the 11th month, we had reached a premium production Health 18% 16%
of 717.6 billion TL, which represents a 73% nominal growth and
a 17% real growth compared to the previous year. We expect to Traffic 25% 26%
close the year with a similar performance, exceeding 800 billion TL Motor Insurance 15% 20%
in premium production. It is also worth discussing the positions of Fire and Natural Disasters 17% 15%
different branches. The motor insurance branch continues to lead in
production with a share of approximately 25%, as always. Howev- In addition to growth, another key focus for us is the strength of our
er, health insurance has now risen to second place, followed by the capital. In the first nine months of 2024, we increased our capital
fire insurance branch. by 83% nominally and 22% in real terms compared to the same
period last year.
