01.07.2020
State Supported Agricultural Insurance, 2019 in Turkey
Total insured value increased by 30.7% to 55 166 348 492 TL in 2019. When looking at the insured value by insurance lines, the highest increase is in sheep and goats with 74.3%.
Total number of policies of state supported agricultural insurance increased by 18.9% to 2 087 860.
Total amount of state support premium increased by 19%
Total premium amount increased by 19.3% to 2 447 064 788 TL. Total of state support premium amount also increased by 19% to 1 275 313 836 TL. Insured area (greenhouse included) increased by 5.7% to 26 149 859 decare in 2019. Cattle insurance and sheep and goat insurance also increased by 22.6% and 52.6% respectively.
Loss paid increased by 15.5%
When total amount of loss paid is examined by insurance lines, it is seen that the first is crop insurance with loss paid value 753 642 871 TL and secondly cattle insurance becomes with loss paid value 292 935 767 TL. When total amount of loss paid is examined by reasons, it is observed that first comes hail with loss paid value 461 551 883 TL among the total loss paid.
The next release on this subject will be on July 2021.
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EXPLANATIONS
All data included this State Supported Agricultural Insurance Press Release are compiled through TARSİM Agricultural Insurance Pool official registers and published within the context of Official Statistics Programme (OSP) by TurkStat. Reference periods of the published data is January 1st, 2018- December 31st, 2018 and January 1st, 2019- December 31st, 2019.
Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
