Turkish insurance market: increasing 2019 turnover

The turnover of the Turkish insurance market increased by 13.13% in 2019, from 62.11 billion TRY (10.45 billion) by the end of December 2018 to 69.2 billion TRY (11.63 billion USD) twelve months later.

Non-life insurance premiums grew by 8.4% to 57.9 billion TRY (9.73 billion USD) in 2019 while life premiums rose to 11.4 billion TRY (1.92 billion USD), up 46.8% in one year.

Takaful insurance also reported an increasing turnover worth 3.4 billion TRY (571.4 million USD), rising by 54% compared to 2018.