Turkiye
TURKIYE: The country's biggest life insurer records a 67% rise in net profits in 2025
Life and pension insurer Turkiye Hayat Emeklilik reported net profits of TRY 15.5 billion for the financial year ended 31 December 2025, which represents a 67% increase y-o-y, Middle East Insurance Review reports.
9 February 2026TURKIYE: Net profit of the biggest non-life insurer Turkiye Sigorta rises by 53% in 2025
Istanbul-headquartered state-controlled Turkiye Sigorta has posted net profits of TRY 19.43 billion (USD 448 million) for 2025, which is 52.7% more y-o-y, according to the company's financial statements, Middle East Insurance Review wrote.
3 February 2026TURKIYE: Last year 20% of vehicle owners cancelled motor insurance policies
Approximately 20% of registered vehicles in Turkiye MTPL insurance (traffic insurance), according to Quick Sigorta General Manager Eyup Ozsoy, Middle East Insurance Review reports.
3 February 2026TURKIYE: Interest in participation-based insurance products is growing
Participation insurers (takaful operators) in Turkiye generated TRY 70.1 billion (USD 1.6 billion) in contributions in 2025 in nominal terms, which is 62.9% more y-o-y, according to data from the Insurance Association of Turkiye (TSB) , Middle East Insurance Review reports.
26 January 2026TURKIYE: One of the leading insurance companies starts 2026 with a capital increase
Doga Sigorta, one of the leading companies in the Turkish insurance sector, has entered 2026, fortified by a capital increase of TRY 530 million (USD 12.3 million) effected in December 2025 in line with its growth targets, , Middle East Insurance Review reports.
19 January 2026TURKIYE: President of the Association: a strong growth target set for premium production in 2026
2026 is poised to be a year of significant growth for the insurance sector in terms of risk management, digital transformation, and sustainability, as the Insurance Association of Türkiye (TSB) President Mr. Ugur Gulen said, outlining his expectations for the new year, Middle East Insurance Review reports.
19 January 2026TURKIYE: Turkish insurance market expected to grow by more than 40% in 2025
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.
12 January 2026TURKIYE: Property-CAT rates record a 15% decrease on average at 1 January renewals
According to Gallagher Re, the 1 January property-CAT reinsurance renewal season in Turkiye exhibited trends similar to those observed in Continental European renewals, with risk-adjusted decreases of 15% on average, and a significant oversubscription of capacity, particularly in top layers, Middle East Insurance Review reports.
12 January 2026TURKIYE: Car insurance prices are at their lowest in a decade
Motor insurers are introducing a range of new car insurance products while also cutting premiums. Car insurance campaigns are expected to boost both the number of policyholders and premium revenue, as 2025 draws to a close, Middle East Insurance Review reports.
11 December 2025TURKIYE: GWP of Turkiye Sigorta saw a 45% increase y-o-y from January to October
Turkiye Sigorta, the non-life leader, reported that its unaudited gross premiums from January to the end of October 2025 rose by 45% compared to the corresponding period last year, Middle East Insurance Review reports.
18 November 2025STATISTICS: TÜRKIYE 3Q2025: maintaining a steady growth
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.
6 November 2025TURKIYE: The Northern Cyprus insurance sector is open to international cooperation
The Northern Cyprus insurance sector is open to international cooperation with Türkiye, the Organization of Turkic States, and European countries within the framework of international cooperation and education initiatives, as Chairman of the Northern Cyprus Insurance and Reinsurance Companies Association Borte Barlasoglu said at the "Turkic States InsurTech Summit 2025", Trend reports.
4 November 2025TURKIYE: The insurance market continues to grow in a stable and sustainable manner
Total GWP is expected to double in Türkiye from USD 14.4 billion in 2021 to USD 30 billion by the end of 2025, as Secretary General of the Insurance Association of Türkiye (TSB) Ozgur Obali said at the "Turkic States InsurTech Summit 2025" held in Baku on October 28, Trend reports.
4 November 2025TURKIYE: The insured damage from a potential Marmara earthquake could reach USD 21 billion
The financial impact of a potential Marmara earthquake would reach USD 21 billion at the current exchange rate, borne by the insurance sector alone, excluding the Turkish Catastrophe Insurance Pool (TCIP), according to the first earthquake stress test in Turkiye, Middle East Insurance Review writes.
27 October 2025TURKIYE: 72% of young people see insurance as tool that can make their lives easier
Over 7 in 10 (72%) of young people in Turkiye see insurance as a tool that can make their lives easier. And those who prefer to purchase insurance through digital platforms constitute the overwhelming majority, at 78%, Middle East Insurance Review reports.
27 October 2025TURKIYE: The supply problem in traffic insurance has been largely overcome, yet cost challenges persist
The supply problem in compulsory MTPL, also called traffic insurance, has been largely overcome, according to Mr Ahmet Yasar, president of Maher Holding Insurance Group, Middle East Insurance Review writes.
22 October 2025STATISTICS: TÜRKIYE 1H2025: Market expands 52%, but MTPL losses weight on profitability
Türkiye’s insurance market continued to expand rapidly in the first half of 2025, with total gross written premiums (GWP) up 51.6% year-on-year to TRY 576.75 billion (approx. EUR 12.35 billion, +14.3%), according to the Insurance Association of Türkiye (TSB). The sharp 30% depreciation of the Turkish lira against the euro significantly altered growth figures when expressed in foreign currency, highlighting the ongoing impact of exchange rate volatility on market performance.
16 October 2025TURKIYE: Digital transformation is in almost every aspect of insurance operations
The Turkish insurance industry is seeing the impact of digital transformation in almost every aspect of insurance functions, from customer relations to preventing insurance fraud, as Mr Emine Feray Sezgin, vice president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) said at the recent 4th International Insurance Summit organized by the Insurance Association of Turkiye (TSB).
13 October 2025TURKIYE: Insurance industry's capital adequacy is at historic highs
The Turkish insurance industry is in its most secure period in terms of capital adequacy, liquidity, risk management and similar indicators, as Mr Davut Mentes, president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) said, Middle East Insurance Review writes.
7 October 2025TURKIYE: S&P revised its outlook on Milli Re to positive from stable and affirmed 'B' rating
On Sept. 26, 2025, S&P Global Ratings revised its outlook on Milli Reinsurans T.A.S. (Milli Re, Turkiye) to positive from stable.
7 October 2025
