Page 19 - Turkinsurance Digital Magazine

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Total volume of premiums written in Turkish insurance market increased by 7.55 percent
at the end of 2017 compared to the end of 2016, reaching 12 billion 288 million USD.

During this period, highest volume of premiums were written in liability branch with a
share as in previous periods; while the highest growth rate belonged to life insurance.

According to the statistics announced by the Insurance Associ- During this period, non-life companies that wrote the highest
ation of Turkey (T.S.B) at the end of 2017, total premium pro- amount of premiums were listed as Allianz Sigorta, Anadolu
duction grew by 7.55 percent over 2016 year-end, and reached Anonim Türk Sigorta Şirketi, AXA Sigorta, Mapfre Sigorta and
12 billion 288 million USD. From that volume, 10 billion 480 Aksigorta, respectively. In life insurance, top five companies
million TL was written in the non-life segment; while life insur- were Ziraat Hayat ve Emeklilik, Allianz Yaşam ve Emeklilik,
ance premiums stood at 1 billion 808 million USD. Metlife Emeklilik ve Hayat, Anadolu Hayat Emeklilik, and Halk
Hayat ve Emeklilik.
Liability insurance closed the year as market leader by dominat-
ing the market with a share of 30.48 percent. Auto insurance
lines took the second rank with a share of 15.58 percent; fol-
lowed by the life insurance with 14.72 percent, fire and natural Market shares of insurance companies
forces with 12.36 percent, and health insurance with 10.81 per-
cent.

11,04%
As of the end of 2017, highest growth rate belonged to the life
insurance; followed by fire and natural forces, health insurance, 21,28%
marine, accident, auto lines, and liability lines.
10,05%
“Allianz Sigorta closed the year as market leader
with a premium production of 1 billion 356 mil- 6,25%
lion USD and a market share of 11.04 percent”

5,76%
Allianz Sigorta closed the year 2017 as the leader of insurance 21,41%
market with its total premium production standing at 1 billion 5,67%
356 million USD and a market share of 11.04 percent. Anadolu
Anonim Türk Sigorta ranked second with a share of 10.05 per- 4,87%
cent and a premium volume of 1 billion 234 million USD. AXA
Sigorta followed with a premium production of 768 million USD
and a market share of 6.25 percent. Mapfre Sigorta preserved 3,18% 3,21% 3,56% 3,73%
its fourth position among the top five, reaching a premium pro- Allianz Sigorta AŞ Anadolu Anonim Türk Sigorta Şirketi
duction of 708 million USD and a market share of 5.76 percent; Axa Sigorta AŞ Mapfre Sigorta AŞ
followed by Aksigorta with a market share of 5.67 and premiums Aksigorta AŞ Sompo Japan Sigorta AŞ
standing at 696 million USD. Top 3 of these companies gener- Ziraat Sigorta AŞ Güneş Sigorta AŞ
ated 27.34 percent of total market premiums; while the top five Doga Sigorta AŞ Halk Sigorta AŞ
had a dominance with 38.77 percent. Next 10 companies Following Companies