Turkiye
TURKIYE: Anadolu Sigorta's ratings by Fitch reflect very strong market position, good capitalisation and profitability
Anadolu Anonim Turk Sigorta Sirketi's (Anadolu Sigorta), which is among Turkiye's biggest P&C insurers, has a record of good profitability, according to Fitch Ratings, Middle East Insurance Review reported.
19 May 2026STATISTICS: TÜRKIYE 1Q 2026: Market growth kept up with inflation
Total premium generated in the Türkiye insurance market increased in local currency by almost 30.37% during Q1 2026 to TRY 396.4 billion (EUR 7.78 billion), according to data released by the Insurance Association of Turkey (TSB). The growth pace slowed as compared with the previous year but remained still very high.
7 May 2026TURKIYE: The country's biggest non-life insurer to double its paid-in capital
Turkiye Sigorta, the country's biggest non-life insurer, has decided to double its paid-in capital to TRY 20 billion (USD 446 million) through a 100% bonus issue, with funds to be transferred from retained earnings, Middle East Insurance Review wrote.
28 April 2026TURKIYE: Ahmet Yasar elected new President of the Insurance Association
Members of the Insurance Association of Turkiye (TSB) elected Mr. Ahmet Yasar as the new President of the trade body at an ordinary general assembly held on 8 April, Middle East Insurance Review wrote.
20 April 2026TURKIYE: Turk Re’s net profit rises 16% in 2025
Net profit of the state-owned Turk Reasurans (Turk Re) in 2025 reached TRY 3.6 billion (USD 80.8 million), which is 16% higher y-o-y and indicates that the company is maintaining its growth momentum, according to a Turk Re’s statement, Middle East Insurance Review reports.
14 April 2026TURKIYE: In 2025 minor traffic insurance claims dominated with damages concentrated in large cities
According to the loss adjusting records, the majority of traffic (MTPL) insurance claims in Turkiye lodged in 2025 were in the low-value range, amounting up to TRY 50,000 (USD 1,127), with costs consisting primarily of parts and labor, Middle East Insurance Review wrote.
2 April 2026TURKIYE: Milli Re reports a rise in net profits in 2025 by 65%
Milli Reasurans (Milli Re) has posted a 65% surge in net profits to TRY 9.78 billion (USD 221.1 million) for FY2025 compared to 2024. GWP totaled TRY 16.2 billion in 2025, which is around 10% more y-o-y, Middle East Insurance Review wrote.
23 March 2026STATISTICS: TÜRKIYE FY2025: positive evolution despite the challenging economic environment and cautious optimism for 2026
The Turkish insurance sector grew by 45.8% to TRY 1.22 trillion (EUR 24.27 billion) in 2025, according to data from the Insurance Association of Türkiye (TSB). In European currency, due to the exchange rates differences, the market change was~ 6.5% y-o-y.
5 March 2026TURKIYE: Fitch Ratings revises Anadolu Sigorta’s outlook to Positive from Stable
Fitch Ratings noted that Anadolu Anonim Turk Sigorta Sirketi's (Anadolu Sigorta), one of Turkiye's biggest insurers, has shown improved financial performance since 2023. The company’s return on equity was 34% in 2025 (vs 47% in 2024) and remained above inflation (31% in 2025; 44% in 2024), Middle East Insurance Review wrote.
23 February 2026Turkish insurers enter 2026 with cautious optimism, focus on technical discipline
The Turkish insurance sector is set to continue growing in real terms in 2026, despite persistent macroeconomic pressures, according to the Insurance Sector 2026 Outlook Survey conducted by the Insurance Association of Türkiye (TSB).
19 February 2026TURKIYE: The biggest non-life insurer records growth across all segments
Turkiye Sigorta, the biggest non-life insurer in the country, has a TRY 32 billion (USD 735 million) premium gap to the second biggest player, providing a structural competitive advantage, the company said in a statement on its financial results for the financial year ended 31 December 2025, Middle East Insurance Review wrote.
18 February 2026TURKIYE: Compulsory Disaster Insurance to be implemented in 2026
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK), the Turkish Insurance Association (TSB), and the senior management of DASK (Turkish Natural Disaster Insurance Pool) have held a series of meetings on the anniversary of the massive earthquakes that occurred on 6 February 2023, Middle East Insurance Review wrote.
18 February 2026TURKIYE: 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 2026
