The insurance sector that grows 27.79 percent in the first period of 2013, the growth rate regressed under 24 percent in October and December. The regression in the insurance sector is expected to continue due to the measures that have been taken by Banking Regulation and Supervision Agency (BRSA) and the negative effects of increasing political risks over the general economy.
Three dominant factors
The first and the most significant factor of 11 months period growth rate is the increase in prices of the traffic insurances. But, at the same time, when the latest figures are analyzed, it is observed that not only the increase in prices but also the increase at the number of the policies affected positively the growth rate.
The second factor is the buoyancy in the Turkish economy. The unexpected growth rate of 4.4 percent of the Turkish economy in the 11 months period of 2013 had also positive impact over the insurance sector.
And lastly, parallel to the economic growth, the increase in the sales of the automobiles is another factor dominant over the positive and drastic growth rate of the insurance sector in 2013. In that category, the sales of the automobiles increased 18.53 percent compare to the same first 11 month period of previous year in 2013 and this situation affected positively the sales of the traffic insurance policies. ALP SÜER / SİGORTALI
