AT THE END OF AUGUST 2021 TOTAL WRITTEN PREMIUMS INCREASED BY 104.8% AS OF AUGUST 2017, BUT AGENCIES GROWTH WAS 78.2% IN THE SAME PERIOD.

/in /by
Source; TSB

 

According to end of August between 2017 and 2021 non-life total premium growth was 104.8%.  Other, Direct and Brokers distribution channels succeeded to rise more than the total growth.

 

Total written premiums per distribution channels;

 

NON-LIFE PREMIUM END OF AUGUST* Direct Agency Bank Broker Other Total
2021 4.254.085 29.544.626 7.464.678 7.620.102 2.839.602 51.723.093
2017 1.379.935 16.582.894 3.832.046 3.046.294 411.674 25.252.843
* x 1000

 

So the market shares of distribution channels have changed in this period.

 

 

Agencies are still the biggest distribution channel, even they lost 8.6% from their market share last 5 years.

 

Rıza OYGUR

October 2021