土耳其保险行业市场前景及投资研究报告-外文版培训课件2024.7

INDUSTRIES

&

MARKETSInsurancemarketinTurkeyCHAPTER

01OverviewTotalassetsofinsurance,reinsurance,andpensioncompaniesinTurkeyfrom2015to2022(inbillionTurkishlira)Totalassetsofinsurance,reinsurance,andpensioncompaniesinTurkey2015-2022900800700600500400780.5419.3307.82020300236.62019178.42001000152.32017122.2201698.420152018202120224/statistics/1342111/turkey-assets-of-insurance-reinsurance-and-pension-companiesThetotalvalueoffinancialassetsofinsurance,reinsurance,andpensioncompaniesinTurkeygraduallyincreasedfrom2015to2022.In2022,thetotalassetsoftheinsurance,reinsurance,andpensioncompaniesamountedto780.5billionTurkishlira.ReadmoreNote(s):Turkey;2015to2022Source(s):InsuranceAssociationofTürkiyeInsurancepremiumsasapercentageofGDPinTurkeyfrom2014to2021RatioofinsurancepremiumstoGDPinTurkey2014-20210.016%0.014%0.012%0.01%1.52%1.5%1.45%1.41%1.36%1.3%1.3%1.24%0.008%0.006%0.004%0.002%0%201420152016201720182019202020215Description:Theratioofinsurancepremiumstogrossnationalproduct(GDP)inTurkeyfluctuatedfrom2014to2021.In2021,insurancepremiumsaccountedfor1.3percentofthecountry'sGDP.Thisratiopeakedat1.52percentin2016.

ReadmoreNote(s):Turkey;2014to2021Source(s):InsuranceandPrivatePensionRegulationandSupervisionAgencyPremiumincomesoflifeandnon-lifeinsurancecompaniesinTurkeyfrom2016to2022(inmillionTurkishlira)Premiumincomesoflifeandnon-lifeinsurancecompaniesinTurkey2016-2022LifeNon-life250,000204,307200,000150,000100,00087,56468,15257,89647,74350,000039,73535,45030,85817,33814,43111,35920196,84420176,92120185,03920162020202120226Description:Premiumincomesofbothlifeandnon-lifeinsurancecompaniesinTurkeyconsistentlyincreasedfrom2016to2022.In2022,thepremiumincomesoflifeinsurancecompaniesamountedtoapproximately30.9billionTurkishlira,whilenon-lifeinsurancecompaniesreachedover204.3billionTurkishliraReadmoreNote(s):Turkey;2016to2022Source(s):InsuranceAssociationofTürkiyeGrosswrittenpremiumsofinsuranceinTurkeyin2022,bybranch(inmillionTurkishlira)GrosswrittenpremiumsofinsuranceinTurkey2022,bybranchGrosswrittenpremiuminmillionTurkishlira20,000

30,000

40,000010,00050,00060,00070,000MotorvehiclesthirdpartyliabilityMotorvehicles57,627.344,613.5Health/diseaseFireandnaturaldisastersGenerallosses30,05927,353.621,955GeneralliabilityAccidentTransportationWatervehiclesFinanciallossesCredit5,959.14,712.53,827.12,188.41,761.2962.4AirvehiclesliabilityLegalprotection904.7720.87Description:In2022,motorvehiclesthird-partyliabilityinsurancereachedthehighestgrosswrittenpremiumvalueinTurkey,totalingover57.6billionTurkishlira.Additionally,motorvehicles,andhealth/diseaseinsurancesfollowed,rankingsecondandthird,withpremiumsvaluingover44.6,and30billionTurkishlira,respectively.ReadmoreNote(s):Turkey;2022Source(s):InsuranceAssociationofTürkiyeRevenueoftheinsurancemarketinTurkeyin2022,byclassofbusiness(inmillionU.S.dollars)InsurancemarketrevenueinTurkey2022,byclassofbusinessRevenueinmillionU.S.dollars3,00001,0002,0004,0005,0006,000MotorFire*5,460.72,633.6Health1,605.5Marine**Accident416.2251.7Otherrisks***Lifeinsurance544.41,648.18Description:MotorvehicleinsurancerecordedthehighestrevenueinTurkeyamongallclassesofbusinesses,reachingnearly5.5billionU.S.dollarsin2022.Fireinsuranceincludingnaturaldisastersandotherpropertydamagerankedsecondwitharevenueofapproximately2.6billionU.S.dollars.ReadmoreNote(s):Turkey;2022;*Includingnaturaldisastersandotherpropertydamage.**Includinginland,marineandaviationtransportation.***Includinggeneralliability,credit,bond,financiallosses,legalprotectionandassistance.Thefigureshave[...]ReadmoreSource(s):AtlasMagazinePenetrationrateofinsuranceservicesinTurkeyfrom2000to2022InsurancepenetrationrateinTurkey2000-20220.016%0.014%0.012%0.01%0.008%0.006%0.004%0.002%0%2000

2001

2002

2003

2004

2005

2006

2007

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

20229Description:InTurkey,thepenetrationrateofinsuranceserviceswasquitelow,rangingbetweenoneand1.5percentfrom2000to2022.In2016,2020,and2022,theinsurancepenetrationratepeakedat1.5percentinthecountry.

ReadmoreNote(s):Turkey;2000to2022Source(s):OECDInsurancedensityinTurkeyfrom2011to2022(inU.S.dollars)InsurancedensityinTurkey2011-202218016816215716014012010080152151146145134133131131126604020020112012201320142015201620172018201920202021202210Description:Overtheobservedyears,insurancedensityinTurkeypeakedin2013,with168U.S.dollarspercapita.In2022,insurancedensityamountedto157U.S.dollarspercapita.

ReadmoreNote(s):Turkey;2011to2022Source(s):OECDConsumerpriceindex(CPI)forinsuranceinTurkeyfromJanuary2003toJanuary2024Consumerpriceindex(CPI)forinsuranceinTurkey2003-20243,0002,5002,0001,5001,000500011Description:Theconsumerpriceindex(CPI)forinsuranceinTurkeyconsistentlyincreasedfromJanuary2003toJanuary2024.AsofJanuary2024,theconsumerpriceindexforinsurancereached2747indexpoints.

ReadmoreNote(s):Turkey;January2003toJanuary2024Source(s):TurkStatInvestmentsofinsuranceandreinsurancecompaniesinTurkeyfrom2016to2022(inbillionTurkishlira)InvestmentsofinsuranceandreinsurancecompaniesinTurkey2016-2022250200150230.53126.7497.7410077.71201959.5751.87201742.222016500201820202021202212Description:InvestmentsofinsuranceandreinsurancecompaniesinTurkeywentupconstantlyfrom2016to2022.Thevalueofinvestmentspeakedin2022,reachingover230.5billionTurkishlira.ReadmoreNote(s):Turkey;2016to2022Source(s):InsuranceAssociationofTürkiyeValueoffinancialassetsofprivatepensionfundsinTurkeyfrom2010to2022(inbillionTurkishlira)ValueoffinancialassetsofprivatepensionfundsinTurkey2010-2022500450400350300250200150100437244.4170.22020127.3201993.379.660.842.98201534.79201450025.15201320.35201212.01201014.3320112016201720182021202213Description:ThevalueoffinancialassetsofprivatepensionfundsinTurkeygraduallyincreasedfrom2010to2022.In2022,thevalueofprivatepensionfundssawa79percentincreasecomparedtothepreviousyearandreached437billionTurkishlira.

ReadmoreNote(s):Turkey;2010to2022Source(s):InsuranceAssociationofTürkiyeCHAPTER

02TradeValueofinsuranceandpensionservicesexportedfromTurkeyfrom2010to2022(inmillionU.S.dollars)ValueofinsuranceandpensionservicesexportedfromTurkey2010-20222,0001,8001,6001,4001,2001,7881,3251,2921,2791,0381,0109569559591,0008006004002000863832757721201020112012201320142015201620172018201920202021202215Description:ThetotalvalueofinsuranceandpensionservicesexportedfromTurkeytotherestoftheworldfluctuatedfrom2010to2022.Theexportvalueofinsuranceandpensionservicespeakedin2022,reachingnearly1.8billionU.S.dollars.

ReadmoreNote(s):Turkey;2010to2022Source(s):WTOValueofinsuranceandpensionservicesexportedfromTurkeyfrom2010to2022,bytype(inmillionU.S.dollars)ValueofinsuranceandpensionservicesexportedfromTurkey2010-2022,bytypeDirectinsuranceReinsuranceAuxiliaryinsuranceservicesPensionandstandardizedguaranteedservices2,0001,8001,6001,4001,2001,0008006004002000201020112012201320142015201620172018201920202021202216Description:TheexportvalueofinsuranceservicesfromTurkeyfluctuatedheavilybetween2010and2022.Reinsuranceservicesreachedthehighestexportvaluein2022,amountingtonearly1.35billionU.S.dollars.Additionally,exportsofdirectinsuranceserviceswerevaluedat415millionU.S.dollars.ReadmoreNote(s):Turkey;2010to2022Source(s):WTOValueofinsuranceandpensionservicesimportedintoTurkeyfrom2010to2022(inmillionU.S.dollars)ValueofinsuranceandpensionservicesimportedintoTurkey2010-20223,0002,5002,0001,5001,0005000201020112012201320142015201620172018201920202021202217Description:ThetotalvalueofinsuranceandpensionservicesimportedintoTurkeyfromtherestoftheworldfluctuatedfrom2010to2022.Theimportvalueofinsuranceandpensionservicespeakedin2022,totalingapproximately2.8billionU.S.dollars.

ReadmoreNote(s):Turkey;2010to2022Source(s):WTOValueofinsuranceandpensionservicesimportedintoTurkeyfrom2010to2022,bytype(inmillionU.S.dollars)ValueofinsuranceandpensionservicesimportedintoTurkey2010-2022,bytypeDirectinsuranceReinsuranceAuxiliaryinsuranceservicesPensionandstandardizedguaranteedservices3,0002,5002,0001,5001,0005000201020112012201320142015201620172018201920202021202218Description:Overtheobservedyears,thevalueofinsuranceandpensionservicesimportedintoTurkeygenerallyincreasedinthecaseofdirectinsuranceandreinsurancebutfluctuatedheavilyintermsofauxiliaryinsuranceservicesandpensionservices.In2022,reinsuranceservicesreachedthehighestimportvalue,amountingtoover1.4billionU.S.dollars.Additionally,theimportvalueofdirectinsuranceservicesequalednearly1.3billionU.S.dollarsinthesameyear.

ReadmoreNote(s):Turkey;2010to2022Source(s):WTOCHAPTER

03LifeinsurancePenetrationrateoflifeinsuranceservicesinTurkeyfrom2000to2022LifeinsurancepenetrationrateinTurkey2000-20220.0035%0.003%0.0025%0.002%0.0015%0.001%0.0005%0%2000

2001

2002

2003

2004

2005

2006

2007

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202220Description:InTurkey,thepenetrationrateoflifeinsuranceserviceswasgenerallysteady,rangingbetween0.1and0.3percentfrom2000to2022.Asof2022,lifeinsurancepenetrationratestoodat0.2percent.

ReadmoreNote(s):Turkey;2000to2022Source(s):OECDRevenueofthelifeinsurancemarketinTurkeyfrom2017to2022(inmillionU.S.dollars)LifeinsurancemarketrevenueinTurkey2017-20222,5002,0001,9561,9091,8071,6481,5131,5001,00050001,30820172018201920202021202221Description:ThetotalrevenueofthelifeinsurancemarketinTurkeyfluctuatedfrom2017to2022.Overtheobservedperiod,thelifeinsurancemarket'srevenuepeakedatnearlytwobillionU.S.dollarsin2020.By2022,therevenueofthisinsurancebranchdecreasedtoabout1.7billionU.S.dollars.ReadmoreNote(s):Turkey;2017to2022Source(s):AtlasMagazineGrosswrittenpremiumsoflifeinsuranceinTurkeyfrom2013to2022(inmillionTurkishlira)GrosswrittenpremiumsoflifeinsuranceinTurkey2013-202235302520151030.817.3414.4311.3620196.846.925.043.8503.43.320132014201520162017201820202021202222Description:GrosswrittenpremiumsoflifeinsuranceinTurkeygenerallyincreasedwithsomeoscillationfrom2013to2022.In2022,thevalueofgrosswrittenpremiumsoflifeinsurancepeakedatalmost31millionTurkishlira.ReadmoreNote(s):Turkey;2013to2022Source(s):InsuranceAssociationofTürkiye;KPMGMarketshareoflifeinsurancebusinessintermsofgrosspremiuminTurkeyfrom2007to2021LifeinsurancemarketshareintermsofgrosspremiuminTurkey2007-20210.25%0.2%20.06%

20.05%19.02%18.34%17.48%17.35%16.99%15.89%15.68%15.42%14.93%0.15%0.1%0.05%0%13.38%12.17%12.26%11.8%20072008200920102011201220132014201520162017201820192020202123/statistics/662616/life-insurance-market-share-turkey-europeThelifeinsurancemarketshareintermsofgrosspremiuminTurkeydecreasedbyonepercentagepoints(-4.99percent)sincethepreviousyear.Nevertheless,thelasttwoyearsrecordedasignificanthighermarketsharethantheprecedingyears.

ReadmoreNote(s):Turkey;2007to2021Source(s):OECDValueofclaimspaidbylifeinsurancecompaniesinTurkeyfrom2014to2022(inbillionTurkishlira)ValueofclaimspaidbylifeinsurancecompaniesinTurkey2014-20228765436.74.544.173.492.642.52.292.082.0621020142015201620172018201920202021202224Description:ThevalueofclaimspaidbylifeinsurancecompaniesinTurkeygenerallyfollowedanincreasingtrendfrom2014to2022.In2022,thevalueofclaimspaidpeakedat6.7billionTurkishlira.Incomparison,thisfigureamountedtoroughly2.1billionTurkishlirain2014.ReadmoreNote(s):Turkey;2014to2022Source(s):InsuranceandPrivatePensionRegulationandSupervisionAgency;InsuranceAssociationofTürkiyeCHAPTER

04Non-lifeinsurancePenetrationrateofnon-lifeinsuranceservicesinTurkeyfrom2000to2022Non-lifeinsurancepenetrationrateinTurkey2000-20220.014%0.012%0.01%0.008%0.006%0.004%0.002%0%2000

2001

2002

2003

2004

2005

2006

2007

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202226Description:InTurkey,thepenetrationrateofnon-lifeinsuranceservicesgenerallyremainedstable,rangingbetween0.8and1.3percentfrom2000to2022.In2022,non-lifeinsurancepenetrationratepeakedat1.3percent.

ReadmoreNote(s):Turkey;2000to2022Source(s):OECDGrosswrittenpremiumsofnon-lifeinsuranceinTurkeyfrom2013to2022(inbillionTurkishlira)Grosswrittenpremiumsofnon-lifeinsuranceinTurkey2013-202225020015010050204.3187.56202168.15202057.947.74201839.735.527.322.720.80201320142015201620172019202227Description:Grosswrittenpremiumsofnon-lifeinsuranceinTurkeysteadilyincreasedfrom2013to2022.In2022,thevaluegrosswrittenpremiumofnon-lifeinsurancereachedapeakvalueof204.3billionTurkishlira.

ReadmoreNote(s):Turkey;2013to2022Source(s):InsuranceAssociationofTürkiyeValueofgrosspremiumswrittenonnon-lifeinsuranceinTurkeyfrom2010to2022(inbillionU.S.dollars)Grosspremiumswrittenonnon-lifeinsuranceinTurkey2010-2022141212.3411.7410.9210.9410.3610.219.939.929.859.729.511088.627.976420201020112012201320142015201620172018201920202021202228Description:Betweentheyearsof2010and2022,thevalueofgrosspremiumswrittenonnon-lifeinsuranceinTurkeyfluctuated.Thevalueofpremiumspeakedin2022,at12.34billionU.S.dollars.

ReadmoreNote(s):Turkey;2010to2022Source(s):InsuranceAssociationofTürkiyeValueofclaimspaidbynon-lifeinsurancecompaniesinTurkeyfrom2014to2022(inbillionTurkishlira)Valueofclaimspaidbynon-lifeinsurancecompaniesinTurkey2014-202290807060504080.8342.6528.62201928.8520203024.24201819.212010015.83201613.85201511.32201420172021202229Description:Thevalueofclaimspaidbynon-lifeinsurancecompaniesinTurkeyfollowedanincreasingtrendovertheyearsfrom2014to2022.In2022,thevalueofclaimspaidpeakedatover80.8billionTurkishlira.Incomparison,thisfigureamountedto11.3billionTurkishlirain2014.ReadmoreNote(s):Turkey;2014to2022Source(s):InsuranceandPrivatePensionRegulationandSupervisionAgencyLossratioofnon-lifeinsuranceinTurkeyin2022,bysegmentLossratioofnon-lifeinsuranceinTurkey2022,bysegmentLossratio0%100%200%300%400%500%600%SuretybondMotorvehiclesthirdpartyliabilityFinanciallosses545.7%162.8%140.2%WatervehiclesHealth/disease91.9%84.9%Motorvehicles79.5%WatervehiclesliabilityFireandnaturaldisastersTransportation69.5%68.2%67.1%GeneralliabilityAirvehiclesGenerallosses56.8%42.6%39.6%30.5%Credit30Description:In2022,thesuretybondsegmentofnon-lifeinsurancehad,byfar,thehighestlossratioinTurkey,totalingnearly547percent.Ontheotherhand,bothrailvehiclesandsupportinsurancerecordedzeropercentlossratiosinthesameyear.

ReadmoreNote(s):Europe,Turkey;2022Source(s):InsuranceAssociationofTürkiyeCHAPTER

05ReinsuranceGrosswrittenpremiumsofreinsuranceinTurkeyin2022,bybranch(inmillionTurkishlira)GrosswrittenpremiumsofreinsuranceinTurkey2022,bybranchGrosswrittenpremiuminmillionTurkishlira1,000

1,500

2,000

2,50005003,0003,5004,0004,500FireandnaturaldisastersGenerallosses4,205.763,764.26TransportationGeneralliabilityWatervehicles393.28303273.97MotorvehiclesthirdpartyliabilityFinanciallossesAccident98.6888.3270.8462.1736.725.65CreditMotorvehiclesSuretybondAirvehicles3.68Health/disease3.3232Description:In2022,thereinsurancebusinessreachedthehighestgrosswrittenpremiumvalueinthefireandnaturaldisastersbranchinTurkey,totalingabout4.2billionTurkishlira.Thegenerallossesbranchfollowedclosely,withpremiumsvaluingnearly3.8billionTurkishlira.ReadmoreNote(s):Turkey;2022Source(s):InsuranceAssociationofTürkiyeValueofgrosspremiumswrittenbynon-lifereinsurancecompaniesinTurkeyfrom2010to2022(inmillionTurkishlira)Valueofgrosswrittenpremiumsofnon-lifereinsurancecompaniesinTurkey2010-202210,0009,0008,0007,0006,0005,0004,0003,0009,310.684,598.592,990.371,735.9220192,0001,36420181,101.14974.5620111,010.292012933.742014977923.832016903.412013837.4920101,00002015201720202021202233Description:Thetotalvalueofgrosspremiumswrittenbynon-lifereinsurancecompaniesinTurkeyoscillatedfrom2010to2016.From2016onwards,thevaluesconsistentlyincreasedandreachedthepeakin2022atover9.3billionTurkishlira.Thismarkedanincreaseofover4.7billionTurkishliracomparedtothepreviousyear.ReadmoreNote(s):Turkey;2010to2022Source(s):InsuranceAssociationofTürkiyeValueofgrosspremiumswrittenbylifereinsurancecompaniesinTurkeyfrom2010to2022(inmillionTurkishlira)ValueofgrosswrittenpremiumsoflifereinsurancecompaniesinTurkey2010-20223532.913024.0825201510521.7420.4920.3119.7619.2117.8117.4317.3215.9311.0420220.16020102011201220132014201520162017201820192020202134Description:ThetotalvalueofgrosspremiumswrittenbylifereinsurancecompaniesinTurkeyamountedto1.2millionTurkishlirain2021,whichmarkedarecordlowthroughouttheshownperiod.Thevalueoflifereinsurancepremiumspeakedatnearly27.3millionin2020.Asof2022,11milliongrosspremiumswereregisteredbythelifereinsurancecompaniesinTurkey.ReadmoreNote(s):Turkey;2010to2022Source(s):InsuranceAssociationofTürkiyeTotalvalueofclaimspaidbyreinsurersinTurkeyfrom2018to2021(inmillionTurkishlira)ValueofclaimspaidbyreinsurersinTurkey2018-2021LifeNon-life2,5002,0001,5002,148.811,321.19992.891,000764.445006.626.3111.4711.950201820192020202135Description:ThevalueoftheclaimspaidbyreinsurersinTurkeyincreasedoverallduringtheperiodobserved.In2021,thevalueofthetotalclaimspaidamountedto2.16billionTurkishlira,ofwhichonly12millionbelongedtolifereinsurance.

ReadmoreNote(s):Turkey;2018to2021Source(s):InsuranceandPrivatePensionRegulationandSupervisionAgencyCHAPTER

06CompaniesNumberofinsurance,reinsurance,andpensioncompaniesinTurkeyfrom2016to2022Numberofinsurance,reinsurance,andpensioncompaniesinTurkey2016-2022Non-lifeinsurance40LifeinsurancePensionReinsurance504540353025201510545434241393818181817151514776555544333330201620172018201920202021202237Description:InTurkey,thetotalnumberofcompaniesoperatingontheinsurance,reinsurance,andpensionmarketwentupfrom67in2016to70in2022.Whilethenumberofpensioncompaniesdecreasedfrom18in2016to14in2022,therestofthecompaniesincreasedinnumbers.Asof2022,thenumberofnon-lifeinsurancecompaniesreached45.ReadmoreNote(s):Turkey;2016to2022Source(s):InsuranceAssociationofTürkiyeNumberofinsurancecompaniesinTurkeyin2022,bybranchNumberofinsurancecompaniesinTurkey2022,bybranchNumberofcompanies010203040506070AccidentHealth/disease5950FireandnaturaldisastersGenerallosses393737GeneralliabilityTransportationMotorvehiclesLegalprotectionSuretybondWatervehicles363635333333FinanciallossesMotorvehiclesthirdpartyliabilityLife262138Description:Asof2022,therewere59accidentinsurancecompaniesoperatingontheTurkishinsurancemarket.Thenumberofhealth/diseaseinsurancecompaniestotaled50inthesameyear.

ReadmoreNote(s):Turkey;2022Source(s):InsuranceAssociationofTürkiyeTotalnumberofemployeesworkingininsurancecompaniesinTurkeyfrom2004to2023Turkishinsurancemarket:numberofemployees2004-202330,00025,00020,00015,00010,0005,00002004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020*

2021

2022

202339Description:ThenumberofpeopleemployedintheTurkishinsurancemarketmostlyincreasedfrom2004to2023.In2023,therewere25,719employeesworkingininsurancecompaniesinTurkey,asignificantincreasefromthepreviousyear.

ReadmoreNote(s):Turkey;2004to2023;*Datafor2020wererevised.Thereleasedateisthedayofaccess.

ReadmoreSource(s):InsuranceAssociationofTürkiyeLargestinsurancecompaniesinTurkeyin2021,bymarketshareLeadinginsurancegroupsinTurkey2021,bymarketshare0.16%14.4%0.14%12.05%11.76%0.12%0.1%8.75%8.53%0.08%0.06%0.04%0.02%0%3.93%3.72%3.36%2.83%2.1%TürkiyeHayat

AnadoluHayatveEmeklilik

EmeklilikA.S.

EmeklilikveA.S.

HayatA.S.AgeSAAllianzYasamveEmeklilikA.S.GarantiAnadoluAllianzSigorta

TürkiyeSigortaAxaSigortaA.S.

NNHayatveA.S.

A.S.

EmeklilikA.S.Emeklilikve

AnonimTürkHayatA.S.SigortaSirketi40Description:Asof2021,TürkiyeHayatveEmeklilikA.S.becametheleadinginsurancecompanyinTurkey,holdingamarketshareof14.4percent.AnadoluHayatEmeklilikA.S.andAgeSAEmeklilikveHayatA.S.wasthefollowingbiggestinsurancegroupsinTurkeywithmarketsharesofapproximately12percentand11.8percent,respectively.ReadmoreNote(s):2021Source(s):InsuranceAssociationofTürkiye;KPMGLargestinsurancegroupsinTurkeyin2021,bygrosswrittenpremiums(inbillionTurkishlira)LeadinginsurancegroupsinTurkey2021,bygrosswrittenpremiums1411.71210810.79.975.964.83.93.543.22.620TürkiyeSigortaAnadoluAnonimTürkAllianzSigorta

AksigortaAS

AxaSigortaAS

HDISigortaAS

TürkiyeHayat

SompoSigorta

MapfreSigorta

NeovaSigortaAS

veEmeklilikAS

AS

AS

ASASSigortaŞirketi41Description:In2021,TürkiyeSigortaASwastheleadinginsurancecompanyoperatinginTurkey,recording11.7billionTurkishliraingrosswrittenpremiums.AnadoluAnonimTürkSigortaŞirketirankedsecondontheleast,withgrosswrittenpremiumsamountingto10.7Turkishlira.Furthermore,German-basedAllianzSigortaASregisterednearly10billionTurkishliraingrosswrittenpremiums,makingthemthethirdlargestinsurancegroupinthecountry.ReadmoreNote(s):2021Source(s):InsuranceAssociationofTürkiye;KPMGLeadinglifeinsurancecompaniesinTurkeyfrom2020to2022,byrevenue(inmillionU.S.dollars)LeadinglifeinsurancecompaniesinTurkeybyrevenue2020-20222020202120226005004003002001000TürkiyeHayat

AgeSaEmeklilikAnadoluHayatViennalifeAllianzYaşamveEmeklilikGarantiEmeklilikveHayatMetlifeEmeklilikveHayatCignaFinans

FibaEmeklilik

BNPParibasveEmeklilikveHayat(Ex.EmeklilikEmeklilikveHayat(Ex.EmeklilikveHayatveHayatCardifEmeklilikAvivaSAAŞ)AegonEmeklilikveHayat)42Description:From2020to2022,TürkiyeHayatveEmeklilikwastheleadinglifeinsurancecompanyinTurkeyintermsofrevenue.Theinsurer'srevenuereached367.4millionU.S.dollarsin2022,decreasingfrom567.9millionU.S.dollarsin2020.Additionally,AgeSaEmeklilikveHayatrankedsecondonthelist,recordingarevenueofover198.5millionU.S.dollars.ReadmoreNote(s):TurkeySource(s):AtlasMagazine;InsuranceAssociationofTürkiyeCHAPTER

07UsageMostcommoninsurancesby