Turkey: GWP up 7% in 2014
Source: Middle East Insurance Review | Mar 2015
Premiums in Turkey rose by 7.3% to TRY26 billion (US$10.4 billion) last year from TRY24.23 billion in 2013, said the Insurance Association of Turkey.
Of the TRY26 billion in total premiums, non-life insurance accounted for TRY22.71 billion or 87%. Non-life premiums increased by 9% last year compared to 2013.
Life insurance contributed the remaining TRY3.28 billion in premiums last year, representing a decline of 3.4% from TRY3.40 billion in 2013.
TRY1 = US$0.40