MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 48 auspices of the Turkish Asset Fund within 2020. It is anticipated that this entity which will be able to benefit from economies of scale more efficiently, will be instrumental in accelerating the growth of non-banking financial sector and enable Turkish insurance and pension sector to compete on a global scale. Market Premium (TL) Branches 2019 Share (%) 2018 Share (%) Change (%) Accident 2,372,741,294 4.10 1,812,338,146 3.13 30.92 Health 8,358,143,518 14.44 6,244,295,477 10.79 33.85 Land Vehicles 9,406,268,988 16.25 7,842,917,162 13.55 19.93 Railway Vehicles 13,280 - - - - Air Vehicles 223,854,250 0.39 179,857,508 0.31 24.46 Sea Vehicles 413,511,536 0.71 300,257,211 0.52 37.72 Marine 950,787,872 1.64 829,833,718 1.43 14.58 Fire & Natural Disasters 8,447,103,132 14.59 6,972,578,655 12.05 21.15 General Damages 5,876,737,321 10.15 5,247,013 9.07 12.00 Land Vehicles Liability 18,711,638,555 32.33 15,854,546,224 27.39 18.02 Air Vehicles Liability 263,898,565 0.46 194,377,729 0.34 35.77 Sea Vehicles Liability 44,655,983 0.08 31,336,619 0.05 42.50 General Liability 1,712,142,924 2.96 1,391,898,950 2.40 23.01 Credit 304,281,300 0.53 248,338,460 0.43 22.53 Fidelity Guarantee 91,177,756 0.16 71,788,694 0.12 28.40 Financial Losses 505,294,367 0.87 345,630,885 0.60 46.19 Legal Protection 198,465,014 0.34 168,125,712 0.29 18.05 Support 158,666 - 122,350 - 29.68 Total Non-life 57,881,874,321 83.59 47,735,257,399 87.34 21.26 Life 11,359,715,131 16.41 6,920,771,569 12.66 64.14 Total 69,241,589,453 100.00 54,656,028,968 100.00 26.69 Source: Insurance Association of Turkey TURKISH INSURANCE MARKET