For the first 11 months of 2025 the Turkish insurance market surpassed TRY 1 trillion (USD 23 billion) in premium production, and if this trend continues, Turkish Insurance Association (TSB) expects to finish the year with more than TRY 1.2 trillion, which represents a premium growth of more than 40% in 2025, according to TSB President Ugur Gulen.

The TSB President has assessed the insurance sector's performance in 2025 as a success, Middle East Insurance Review reports. "With inflation projected to be around 30%, this indicates that we will conclude the year with premium growth exceeding inflation”, reported the Turkish news site YeniSafak, quoting Mr Gulen.

More specifically, Mr Gulen forecasted that premium production in the non-life and life and pension segments would reach USD 30 billion by the end of the year, indicating that this figure would result in the insurance sector's penetration rate reaching 2.5%. "We still have room for growth. We don't see 2.5% as sufficient; our goal is to raise it to 5%. I hope to see such a ratio by 2030", he added.