Turkish insurance market

October 16, 2024
Turkey
Figures in thousands
 2023 turnover2022 turnover2022-2023 evolution (1)2023
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TRYUSDTRYUSD
Motor 200 395 1986 735 283102 240 8005 460 68196.00%41.52%
Fire (2)109 486 0803 679 82749 308 5752 633 571122.04%22.68%
Health 70 360 7302 364 82430 058 9951 605 451134.08%14.58%
Marine (3)12 771 802429 2607 793 231416 23663.88%2.65%
Accident10 923 381367 1354 712 461251 693131.80%2.26%
Other risks (4)22 083 144742 21510 192 619544 388116.66%4.57%
Non-life total426 020 33514 318 544204 306 68110 912 020108.52%88.26%
Life total (5)56 648 4201 903 95330 858 2991 648 14283.58%11.74%
Grand total482 668 75516 222 497235 164 98012 560 162105.25%100%

Source: Türkiye Sigorta Birliği
(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

Turkey

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