According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2025 the local insurance market increased by 50.2% y-o-y reaching TRY 856.83 billion (~EUR 17.54 billion). In European currency, due to about 28% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +17.6% y-o-y.

Premium production in the life sector jumped by 81% y-o-y to TRY 125.38 billion (41.7%, EUR 2.56 billion), while on the non-life side, the GWP went up by 45.9% to TRY 731.45 billion (14.26%, EUR 14.97 billion). While still impressively high, the market growth pace has slowed down a little.

Of the 69 active members of TSB, the company which generated the largest premium volume was the state insurer Türkiye Sigorta (12.27% market share) followed by Allianz Sigorta (market share of 9.17%) and Anadolu Sigorta (7.93%).

Türkiye Hayat ve Emeklilik (16.33% market share), AgeSA Hayat ve Emeklilik (13.72%), and Viennalife Emeklilik ve Hayat (12.03%) are the Top 3 life insurers. On the non-life side, the Top 3 coincides with the overall Top 3: Türkiye Sigorta (14.37% market share) followed by Allianz Sigorta (market share of 10.74%) and Anadolu Sigorta (9.29%).

Access XPRIMM Database and download the latest Turkiye insurance market statistics.