The total insurance premium production increased by 17.4% compared to the previous year and amounted to TL 54.7 billion in 2018. Of the total premium production, TL 47.7 billion was generated from non-life branches and TL 6.7 billion from life insurance. Increment in non-life and life branches actualized as 20% and 1.1% respectively. When the real exchange is calculated by subtracting the inflation, it is revealed that the sector’s premium production contracted by 2.4%.

Nonlife shrank 15.9% in real and the life branch did not grow. In terms of the non-life sector production by branch, the compulsory Land Vehicles Liability branch, which has the largest production in the sector, increased by 22% compared to 2017 and grew by 1% in real terms to TL 15.9 billion.

In the Auto insurance sector the second largest branch of the sector, whereas production in 2018 was TL 7.8 billion, the production increased by 13.4% compared to 2017. Production in the Fire and Natural Disasters branch, the third largest branch, increased by 21%, reaching TL 7.0 billion in 2018 compared to 2017. The Health branch is 13% of the sector production; while the premium production was TL 6.2 billion in 2018, this figure increased by 24% compared to 2017.

In the General Damages branch, production was TL 5.2 billion; in the Accident branch, TL 1.8 billion; and in the General Liability branch, the premium production was TL 1.4 billion in 2018. The total 2018 production of Freight, Financial Losses, Legal Protection, Watercraft, Credit, Aircraft Liability, Aircraft, Indemnity, Watercraft Liability, Support and Rail Vehicles branches is TL 2.4 billion.


Branches (TL)

2017

2018

Share (%)

Increase (%)

Real Increase (%)

Accident

1.682.318.452  

1.812.338.146  

4%

8%

-10%

Illness-Health

5.026.464.106  

6.244.295.477  

13%

24%

3%

Land Vehicles

6.916.180.532  

7.842.917.162  

16%

13%

-6%

Rail Vehicles

11.068  

0  

0%

-100%

-100%

Aircraft

114.153.481  

179.857.508  

0,4%

58%

31%

Watercraft

218.148.439  

300.257.211  

1%

38%

14%

Freight

651.957.892  

829.833.718  

2%

27%

6%

Fire and Natural Disasters

5.745.990.852  

6.972.578.655  

15%

21%

1%

General Damages

4.355.445.077  

5.247.013.900  

11%

20%

0,1%

Land Vehicles Liability

13.042.053.210  

15.854.546.224  

33%

22%

1%

Aircraft Liability

131.775.217  

194.377.729  

0,4%

48%

23%

Watercraft Liability

26.402.168  

31.336.619  

0,1%

19%

-1%

General Liability

1.023.855.057  

1.391.898.950  

3%

36%

13%

Credit

173.718.087  

248.338.460  

1%

43%

19%

Indemnity

50.021.130  

71.788.694  

0,2%

44%

19%

Financial Losses

325.760.102  

345.630.885  

1%

6%

-12%

Legal Protection

225.033.131  

168.125.712  

0,4%

-25%

-38%

Support

1.318.624  

122.350  

0,0003%

-91%

-92%

Non-Life Total

39.710.606.624  

47.735.257.399  

87%

20%

-0,1%

Life Insurance Total

6.844.082.921  

6.920.771.569  

13%

1%

-16%

Grand Total

46.554.689.545  

54.656.028.968  

100%

17%

-2%