In my article dated December 1st, 2011, I forecasted the total end of year non-life insurance GWP to reach TL 14.490.064.103.
The Association of the Insurance and Reinsurance Companies of Turkey has published the results as at 31.12.2011. The end of year non-life GWP has been realized at 14.487.376.423.
The annual growth rate is 21.25%. While the top 10 companies’ growth rate was 23.28%, the growth rate for the top 20 was 22.17%.
The inflation-free real growth rate was 9.78%.