Turkish insurance market

Figures in millions
 Turnover 2020Turnover 20192019-2020 evolution (1)2020 shares
In TRYIn USDIn TRYIn USD
Motor
31 232,474 234,1928 127,984 727,1911,04%37,82%
Fire (2)
10 585,801 435,128 447,131 419,6225,32%12,82%
Health
10 096,251 368,758 358,921 404,8020,78%12,23%
Marine (3)
2 552,03345,981 896,72318,7634,55%3,09%
Accident
2 237,23303,302 372,74398,76-5,71%2,71%
General third party liability
2 190,26296,931 713,12287,9127,85%2,65%
Other risks (4)
9 258,441 255,176 979,341 172,9532,65%11,21%
Total non-life68 152,489 239,4357 895,959 729,9917,72%82,53%
Life14 431,321 956,4511 358,901 908,9827,05%17,47%
Grand total82 583,8011 195,8969 254,8511 638,9719,25%100%

(1) Growth rate in local currency
(2) Including natural catastrophes
(3) Including inland, marine and aviation transportation
(4) Including the credit, bond, financial losses, legal protection, assistance and miscellaneous accident classes of business
Exchange rate as at 31/12/2020 : 1 TRY = 0.13557 USD ; at 31/12/2019: 1 TRY = 0.16806 USD

Source:: Insurance Association of Turkey (TÜRKİYE SİGORTA BİRLİĞİ)

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