The total insurance premium production increased by 26.7% compared to the previous year and amounted to TL 69.2 billion in 2019. Of the total premium production, TL 57.9 billion was generated from non-life branches and TL 11.4 billion from life insurance products. Increment in non-life and life branches actualized as 21.3% and 64.1%, respectively. When the real variation is calculated by subtracting the inflation rate, the sector’s premium production grew by 13.3%. The life branch soared by 46.8%, and the non-life branch grew by 8.4% in real terms.

In terms of the non-life sector production by branch, the Motor Vehicles Liability branch, which has the largest production in the sector, increased by 18% compared to 2018 and grew by 5.3% in real terms to TL 18.7 billion. In the Motor Vehicles insurance branch, the second-largest branch of the sector, production in 2019 was TL 9.4 billion, corresponding to a 19.9% growth compared to 2018. Production in Fire and Natural Disasters, the third-largest branch, increased by 21.1%, reaching TL 8.4 billion in 2019 compared to 2018. The Health branch corresponds to 14.4% of the sector production; while the premium production was TL 8.4 billion in 2019, this figure increased by 34% compared to 2018. In the General Damages branch, production was TL 5.9 billion; in the Accident branch TL 2.4 billion; and in the General Liability branch, the premium production was TL 1.7 billion in 2019. The total production in 2019 of Marine Cargo, Financial Losses, Legal Protection, Watercraft, Loan, Aircraft Liability, Aircraft, Indemnity, Watercraft Liability, Assistance and Railroad Vehicles branches is TL 3 billion.


Branches (TL)

2018

2019

Share (%)

Increase (%)

Real Increase (%)

Accident

1.812.338.146  

2.372.741.294 

4%

31%

17%

Illness-Health

6.244.295.477  

8.358.100.508  

14%

34%

20%

Land Vehicles

7.842.917.162  

9.406.268.988 

16%

20%

7%

Rail Vehicles

0  

13.280  

0,00002%

0%

0%

Aircraft

179.857.508  

223.854.250  

0,4%

24%

11%

Watercraft

300.257.211  

413.511.536  

1%

38%

23%

Freight

829.833.718  

950.787.872  

2%

15%

2%

Fire and Natural Disasters

6.972.578.655  

8.447.104.595  

15%

21%

8%

General Damages

5.247.013.900  

5.876.737.145  

10%

12%

0,1%

Land Vehicles Liability

15.854.546.224  

18.712.174.135  

32%

18%

6%

Aircraft Liability

194.377.729  

263.898.565  

0,5%

36%

21%

Watercraft Liability

31.336.619  

44.655.983  

0,1%

43%

27%

General Liability

1.391.898.950  

1.712.228.206  

3%

23%

10%

Credit

248.338.460  

304.281.300  

1%

23%

10%

Indemnity

71.788.694  

92.177.756  

0,2%

28%

15%

Financial Losses

345.630.885  

505.294.367  

1%

46%

31%

Legal Protection

168.125.712  

198.465.014  

0,3%

18%

6%

Support

122.350  

158.666  

0,0003%

30%

16%

Non-Life Total

47.735.257.399  

57.882.453.461  

84%

21%

8%

Life Insurance Total

6.920.771.569  

11.359.715.131  

16%

64%

47%

Grand Total

54.656.028.968  

69.242.168.593  

100%

27%

13%