According to the quarter figures published by the Insurance Association of Türkiye - at the end of September 2026 the local insurance market increased by 28% y-o-y reaching TRY 1.09 trillion (~EUR 19.7 billion). In European currency, due to about 14% depreciation of the Turkish Lira against Euro throughout the last 12 months, the market change was +12.36% y-o-y.

Premium production in the life sector jumped by 43% y-o-y to TRY 179.32 billion (25.5%, EUR 3.22 billion), while on the non-life side, the GWP went up by 25.48% to TRY 917.81 billion (10.11%, EUR 16.49 billion). While still impressively high, the market growth pace has slowed down as compared with the previous reporting periods.

The amount of damages incurred by the insurance sector related to the 14-15 October flood disaster in Turkiye has reached at least TRY 11.46 billion (USD 229.2 million) as of October 26, from 9,738 claims filed, according to data from the Insurance Association of Turkiye.

Turkish insurers have set aside nearly TRY 2 billion (USD 40.4 million) to cover damage caused by severe rainfall and flooding that affected Istanbul and five other provinces in mid-October, according to the Insurance Association of Türkiye (TSB), quoted by Daily Sabah.

Turkiye has taken over the presidency of Turkic World Insurance Union (TWIU), with Mr Atilla Benli elected as the President. The presidency rotated to Turkiye at the second TWIU general assembly held on 10^th of October, which was hosted by the Turkish Insurance Association (TSB).

The Turkish property and casualty (P&C) market's return on equity (ROE) will remain robust at above 30% over the next two years, according to S&P Global Ratings (S&P).

Turkish insurers have set aside nearly TRY 2 billion (USD 40.4 million) to cover damage caused by severe rainfall and flooding that affected Istanbul and five other provinces in mid-October, according to the Insurance Association of Türkiye (TSB), quoted by Daily Sabah.

The new Medium-Term Programme (MTP), released by the Turkish government, opens up significant opportunities for the insurance sector, according to Mr. Ahmet Yasar, President of the Insurance Association of Turkiye (TSB).

The participation insurance (takaful) sector in Turkiye generated TRY 48.4 billion (USD 1.02 billion) in the first six months of the year, 50.1% higher y-o-y, in nominal terms, according to data from the Insurance Association of Turkiye (TSB). The real growth was 13.6%, Middle East Insurance Review reports.

Türkiye’s insurance market continued to grow strongly in 1H 2026, with total gross written premiums (GWP) up 28.95% y-o-y to TRY 743.85 billion (approx. EUR 13.98 billion, +13.2%), according to the Insurance Association of Türkiye (TSB). As such, the market dynamic remained positive albeit at a lower pace than a year ago.

The number of insurance fraud reports fell by 12.4% in the first half of this year, compared to the corresponding half of 2025, according to data from the Insurance Fraud Prevention Bureau (SISEB) of the Insurance Information and Monitoring Centre, Middle East Insurance Review reports.

Fierce competition, persistent inflation and the rise of electric vehicles are reshaping Turkiye’s motor insurance market. So, to stay ahead, motor insurers are leveraging data platforms and fraud-detection tools, according to Mr Bulent Karan, General Director of the Turkish Motor Insurers Bureau, Middle East Insurance Review reports.

Monopoli Sigorta Aracilik Hizmetleri (Monopoli Sigorta), one of Turkiye's most established insurance brokers, and Acrisure, a leading global insurance and financial services network, have announced a strategic partnership through which Monopoli Sigorta will join Acrisure's international platform, Middle East Insurance Review reports.

The Insurance Association of Turkiye (TSB) anticipates that, with adjustments for inflation, the Turkish insurance industry will likely report total GWP of around TRY 1.75 trillion (USD 38.12 billion) this year, according to its President, Mr Ahmet Yasar, Middle East Insurance Review writes.

In the first quarter of the year, health insurance was the branch with the highest share in the Turkish insurance market, according to Mr Ahmet Yasar, President of the Insurance Association of Turkiye (TSB), Middle East Insurance Review reports.

The Insurance Association of Turkiye (TSB) has released a comprehensive position paper titled "State of the Insurance and Pension Sector Report", outlining the sector's strategic contributions to the Turkish economy and vision for sustainable growth and offering policy recommendations for a more inclusive, accessible, and sustainable insurance ecosystem, Middle East Insurance Review reported.

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.

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.

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.

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.

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.