Turkish insurance market

Figures in thousands

	2022 turnover		2021 turnover		2021-2022 evolution ⁽¹⁾	2022 shares
	TRY	USD	TRY	USD	2021-2022 evolution ⁽¹⁾	2022 shares
Motor	102 240 800	5 460 681	37 612 171	3 281 286	171.83%	43.48%
Fire ⁽²⁾	49 308 575	2 633 571	25 087 693	2 188 650	96.54%	20.97%
Health	30 058 995	1 605 451	13 078 381	1 140 958	129.84%	12.78%
Marine ⁽³⁾	7 793 231	416 236	3 949 928	344 592	97.30%	3.31%
Accident	4 712 461	251 693	2 409 001	210 161	95.62%	2.00%
Other risks ⁽⁴⁾	10 192 619	544 388	5 426 771	473 432	87.82%	4.34%
Non-life total	204 306 681	10 912 020	87 563 945	7 639 079	133.32%	86.88%
Life total ⁽⁵⁾	30 858 299	1 648 142	17 337 566	1 512 529	77.99%	13.12%
Grand total	235 164 980	12 560 162	104 901 511	9 151 608	124.18%	100%

Source: Insurance Association of Türkiye, Annual report 2022
⁽¹⁾ Growth rate in local currency
⁽²⁾ Including natural catastrophes and other property damage
⁽³⁾ Including marine transport and aviation
⁽⁴⁾ Including general third-party liability, credit, bond, financial losses, legal protection and assistance
⁽⁵⁾ Including pension funds
Exchange rate as at 31/12/2022: 1 TRY = 0.05341 USD, at 31/12/2021: 1 TRY = 0.08724 USD

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Mon, 22/01/2024 - 11:51

Turkish insurance market

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