Share of Motor Own Damage and Motor TPL premiums is diminishing in the total premium production
I combined the November 2011 motor own damage and motor TPL premiums of non-life insurance companies from the data published by TSRSB (Association of the Insurance and Reinsurance Companies of Turkey).
I made a comparison of the market shares of motor own damage and motor TPL total premiums with the same period of the previous year:
– While the total premium production of the non-life insurance market increased by 21.49%, motor own damage and motor TPL combined premium grew only by 19.65%.
I also compared the share of motor production of companies in their total premium production with those of the same period of the previous year:
– The share of the combined premiums of motor own damage and motor TPL production decreased from 47.7% in November 2010 to 46.9% in November 2011.
– However, the motor own damage and motor TPL productions of the top 4 companies increased twice, even three times more than the market average.