The insurance sector in Turkey: 2014 results

Insurance sector in Turkey: turnover per kind of company: 2013-2014

in thousands USD
 201320142013/2014 evolution2014 sharesGrand total in %
Non life and composite companies(1)
ALLIANZ
904 3581 378 45652.4%14.6%12.4%
AXA
1 475 2871 319 280-10.6%14%11.8%
Anadolu
1 280 3451 287 8700.6%13.7%11.6%
Aksigorta(1)
710 615734 4563.4%7.8%6.6%
MAPFRE Genel
629 945639 0191.4%6.8%5.7%
GUNES
501 356519 7343.7%5.5%4.7%
GROUPAMA
454 341453 351-0.2%4.8%4.1%
EUREKO
367 420343 374-6.5%3.6%3.1%
Ziraat
264 307301 39614.0%3.2%2.7%
Sompo Japan
258 802294 35813.7%3%2.6%
ERGO
262 637288 4889.8%3.1%2.6%
HDI
221 768250 47712.9%2.7%2.2%
HALK
219 016230 5085.2%2.4%2.1%
ZURICH
178 963187 7454.9%2%1.7%
NEOVA
119 574163 01136.3%1.7%1.5%
RAY
164 972162 879-1.3%1.7%1.5%
AIG
128 478128 7800.2%1.4%1.2%
EGE
95 729105 78010.5%1.1%0.9%
ANKARA
81 01594 94917.2%1%0.9%
AVIVA
126 25781 653-35.3%0.9%0.7%
ISIK
85 70970 478-17.8%0.7%0.6%
Generali(1)
40 83967 74465.9%0.8%0.6%
Liberty
70 17257 930-17.4%0.6%0.5%
DUBAI Starr
37 26253 42443.4%0.6%0.5%
SBN
37 30643 22715.9%0.5%0.4%
Turk Nippon
20 68630 97949.8%0.3%0.3%
ACE
26 31025 769-2.1%0.3%0.2%
COFACE
22 78025 42311.6%0.3%0.2%
Euler Hermes
16 47221 94833.2%0.2%0.2%
Demir
13 51113 408-0.8%0.1%0.1%
Koru
15 93212 792-19.7%0.1%0.1%
BNP Paribas Cardif
10 36311 81714%0.1%0.1%
DOGA
-11 348-0.1%0.1%
HUR
20 5879 099-55.8%0.1%0.1%
Atradius
5 5627 11227.9%0.1%0.1%
Orient
-3 472-0.05%-
Turk P&I
585 2533 084-99.5%0.03%0.03%
TURINS
4181 817334.4%0.02%0.02%
Total non life companies
9 454 347 9 436 435 -0.2% 100% 84.75%
Life companies(2)
Acibadem
143 423178 42924.4%75.8%1.6%
BNP Paribas Cardif Hayat
27 09827 8352.7%11.8%0.2%
Demir Hayat
23 74323 664-0.3%10.1%0.2%
Mapfre Genel Yasam
5 3245 4652.7%2.3%0.05%
CIV Hayat
5 955-82-101.4%--
Total life companies(2)
205 543 235 311 14.5% 100% 2.15%
Companies specialised in retirement insurance (3)
Zoraat H/E
374 747264 655-29.4%18%2.4%
Anadolu H/E
183 928156 730-14.8%10.7%1.4%
ALLIANZ Y/E
113 644144 47927.1%9.8%1.3%
GARANTI E/H
138 808136 623-1.6%9.3%1.2%
AVIVASA E/H
108 439110 7142.1%7.5%1%
METLIFE E/H
108 613109 9551.2%7.5%1%
HALK H/E
131 078102 156-22.1%7%0.9%
CIGNA Finans E/H
94 05889 985-4.3%6.1%0.8%
VAKIF Emeklilik
105 04579 522-24.3%5.4%0.7%
BNP Paribas Cardif Emeklilik
34 98757 67064.8%3.9%0.5%
AEGON E/H
41 54857 36438.1%3.9%0.5%
Groupama Emeklilik
51 40652 9092.9%3.6%0.5%
ALLIANZ H/E
46 51046 9531%3.2%0.4%
NN H/E
32 11332 7071.9%2.2%0.3%
AXA H/E
46 10615 534-66.3%1.1%0.2%
FIBA E/H
3 4563 86811.9%0.3%0.04%
ERGO E/H
6 1803 644-41%0.2%0.03%
KATILIM E/H
-1 452-0.1%0.02%
ASYA E/H
2241 131405%0.1%0.01%
Total retirement companies(3)
1 620 890 1 468 051 -9.4% 100% 13.2%
Grand total
11 280 78011 139 797-1.2% 100%
(1)company underwriting life and non life insurance
(2)companies underwriting life, health and accident insurance
(3)companies underwriting retirement, life and health insurance
H/E: Hayat ve Emeklilik=Life and retirement
Y/E: Yasam ve Emeklilik=pension and retirement

Shares of the Turkish insurance market per kind of market company in 2014

Insurance sector Turkey Turnover

Insurance sector in Turkey: Turnover per class of business: 2013-2014

in thousands USD
 201320142013/2014 evolution2014 shares
Accident
411 520444 1057.9%4%
Health
1 151 2111 255 6409.1%11.3%
Motor
4 847 6394 550 030-6.1%40.8%
Marine
278 267294 8896%2.6%
Fire
1 548 2001 648 2546.5%14.8%
Property damage
1 018 2141 041 1942.3%9.4%
Third party liability
269 844315 70117%2.8%
Miscellaneous(1)
175 164184 3305.2%1.7%
Total non life(2)
9 700 059 9 734 143 0.4% 87.4%
Life(3)
1 580 7211 405 654-11.1%12.6%
Grand total
11 280 78011 139 797-1.2%100%

Breakdown of 2014 turnover per class of business

insurance sector in Turkey (1)including credit, bond, financial loss, legal protection and assistance
(2)including life and non life underwritings
(3)including life, accident and health underwritings
Exchange rate as at
TRY/USD au 31/12
2013
2014
0.46563
0.42860
Source: Insurance Association of Turkey (TSB)
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