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2 clusters · 5 sources · 16 days · First seen · Last updated

Turkish insurance sector performance

Overview

S&P Global Ratings projected that Turkey’s property and casualty insurance market would maintain strong profitability, with returns on equity expected to stay above 30% over a two-year period. Despite high inflation and currency volatility, the sector demonstrated resilience through inflation-indexed and foreign currency-denominated policies.

Data from the Insurance Association of Turkey later showed that total premium production reached 1 trillion 97 billion 137.4 million lira during the first nine months of the year, a 28% nominal increase compared to the previous year. While non-life insurance comprised 83.7% of this total, the sector experienced a real contraction of 1.3% when adjusted for inflation. Within the non-life segment, land vehicle liability was the largest contributor, followed by health, sickness, fire, and natural disasters.

Entities

Turkey · Insurance Association of Turkey · S&P Global Ratings · Sachin Sahni

Timeline

  1. [BUSINESS] 2 sources
    Turkish insurance sector premium production rises 28% in first nine months

    Turkey's insurance sector saw a 28% nominal increase in premium production to over 1 trillion lira in the first nine months, though real production declined by 1.3% due to inflation.

  2. [BUSINESS] 3 sources
    Turkey insurance sector expected to maintain strong profitability

    S&P Global Ratings expects Turkey's property and casualty insurance sector to maintain strong returns on equity above 30% over the next two years despite high country risk.

Sources

bloombergHT.com · borsagundem.com.tr · cnbce.com · dunya.com · yenisafak.com