RENEWAL - Turkey Insurance/Çakmak: We Continued Our Balanced Growth Across All Sectors This Year as Well
In the first 11 months of 2024, Türkiye Sigorta (IS:TURSG) achieved a total gross premium production of 89.3 billion TL, marking a 76% increase compared to the same period last year. From January 1, 2024, to November 30, 2024, Türkiye Sigorta increased its total premium production by 76% compared to the previous year, reinforcing its leading position in the sector.
Taha Çakmak, the General Manager of Türkiye Sigorta, stated that the company has shown stable growth across all branches and continues to contribute to the Turkish economy with innovative services. He commented, "The performance we have demonstrated in the first 11 months of 2024 reflects our customer-focused approach, innovative perspective, and effective risk management strategies. This year, we have maintained balanced growth across all branches. In the fire and natural disasters branch, our premium production reached 23.5 billion TL, with a 107% increase compared to the same period last year. In the illness/health branch, we recorded a growth of 187% compared to 2023, achieving a production of 7.7 billion TL, while in the engineering branch, we realized a premium production of 6.3 billion TL, a 179% increase. These growth rates demonstrate Türkiye Sigorta’s determination and strength in achieving its future goals. We will continue to contribute to the national economy and add value to our customers while maintaining our sector leadership."
In the first 11 months of 2024, Türkiye Sigorta achieved a 97% increase in general damages with a gross premium production of 23.7 billion TL, while in the motor vehicles liability (traffic insurance) branch, it recorded a premium production of 12.8 billion TL, representing a 9% increase. In motor vehicles, a gross premium of 10.2 billion TL was obtained, resulting in a growth of 43%, while the general liability registered a production of 2.1 billion TL with an increase of 111%. Additionally, the transportation sector experienced a 166% increase, financial losses saw a 233% rise, and credit insurance recorded a 74% increase.