Turkish insurance market in 2020
Figures in millions
| Turnover 2020 | Turnover 2019 | 2019-2020 evolution (1) | 2020 shares | |||
|---|---|---|---|---|---|---|
| In TRY | In USD | In TRY | In USD | |||
Motor | 31 232,47 | 4 234,19 | 28 127,98 | 4 727,19 | 11,04% | 37,82% |
Fire (2) | 10 585,80 | 1 435,12 | 8 447,13 | 1 419,62 | 25,32% | 12,82% |
Health | 10 096,25 | 1 368,75 | 8 358,92 | 1 404,80 | 20,78% | 12,23% |
Marine (3) | 2 552,03 | 345,98 | 1 896,72 | 318,76 | 34,55% | 3,09% |
Accident | 2 237,23 | 303,30 | 2 372,74 | 398,76 | -5,71% | 2,71% |
General third party liability | 2 190,26 | 296,93 | 1 713,12 | 287,91 | 27,85% | 2,65% |
Other risks (4) | 9 258,44 | 1 255,17 | 6 979,34 | 1 172,95 | 32,65% | 11,21% |
| Total non-life | 68 152,48 | 9 239,43 | 57 895,95 | 9 729,99 | 17,72% | 82,53% |
| Life | 14 431,32 | 1 956,45 | 11 358,90 | 1 908,98 | 27,05% | 17,47% |
| Grand total | 82 583,80 | 11 195,89 | 69 254,85 | 11 638,97 | 19,25% | 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)
Read also | Insurance companies in Turkey
