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Premium Production Reached TRY 838

Billion by the End of 2024

By the end of 2024, total premium production in the insurance sector increased by 72.52

percent compared to the same period of the previous year, reaching TRY 838 billion
496 million. During this period, the highest growth in premium production was recorded
in the health insurance line with a 93 percent increase, while the highest share was ob-

served in liability insurance

According to the data announced by the Insurance Association premium production and an 8.30 percent market share. AXA Sig-
of Türkiye (T.S.B.) at the end of December 2024, total premium orta ranked fourth with TRY 61 billion 83 million in premium
production in the insurance sector reached TRY 838 billion 496 production and a 7.28 percent share of the market, followed by
million, marking a 72.52 percent increase compared to the end of Sompo Sigorta in fifth place with TRY 35 billion 170 million in
2023. During this period, premium production in non-life branch- premium production and a market share of 4.19 percent. During
es rose by 72.03 percent to TRY 738 billion 592 million, while this period, the top three companies accounted for 30.21 percent
premium production in the life branch increased by 76.22 percent, of total premium production, while the top five companies made
reaching TRY 99 billion 903 million. up 41.69 percent.

In the final quarter of the year, the branch with the highest pre- In this period, the top five companies with the highest premium
mium production was liability insurance, which includes land, air, production in non-life branches were Türkiye Sigorta, Allianz Sig-
and marine vehicles as well as general liability, accounting for orta, Anadolu Anonim Türk Sigorta Şirketi, AXA Sigorta, and
28.33 percent of the sector’s total premium production. Health Sompo Sigorta. In the life insurance branch, Türkiye Hayat ve
insurance ranked second with a 16.29 percent share, while fire Emeklilik ranked first by the end of the year, followed by Age-
and natural disaster insurance came in third with a 14.58 percent SA Hayat ve Emeklilik, Viennalife Emeklilik ve Hayat, Anadolu
share. The share of total motor insurance, which includes land, Hayat Emeklilik, and Garanti BBVA Emeklilik ve Hayat.
air, sea, and rail vehicles, stood at 14.47 percent; the life branch
accounted for 11.91 percent; general damages for 8.91 percent; Shares of Branches in Total Premium
the accident branch for 2.16 percent; and the transportation
branch for 1.23 percent. Production
2,11%
At the end of 2024, the highest increase in premium production 2,16% 1,23%
was observed in the health insurance branch. This branch record-
ed a 93.02 percent increase in premium production, while the fire
and natural disasters branch ranked second among the branches 8,91%
with the highest growth, with an increase of 86.69 percent during 28,33%
the same period. In this period, premium production increased by
81.87 percent in liability insurance, 76.22 percent in life insur- 11,91%
ance, 66.82 percent in general damages, 65.69 percent in acci-
dent insurance, 56.09 percent in transportation insurance, and
36.02 percent in motor insurance.
14,47%
“The Top 3 Companies Accounted for 31.21% 16,29%
of Total Premium Production; the Top 5 Com-
panies for 41.69%” 14,58%

As of the end of December, Türkiye Sigorta A.Ş. maintained its
leading position in the overall premium production ranking, which LIABILITY INSURANCE HEALTH INSURANCE
includes both life and non-life branches, with TRY 101 billion FIRE AND NATURAL DISASTERS MOTOR INSURANCE
365 million in premium production and a market share of 12.09
percent. Allianz Sigorta ranked second during this period with LIFE INSURANCE GENERAL DAMAGES
TRY 82 billion 334 million in premium production and a 9.82 ACCIDENT OTHER
percent market share, while Anadolu Anonim Türk Sigorta Şir- TRANSPORTATION
keti remained in third place with TRY 69 billion 589 million in