Turkiye
TURKIYE: Takaful market real growth in 1H was 13.6%
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.
8 September 2026STATISTICS: TÜRKYIE 1H2026: Life insurance gains momentum and increases its weight in the market portfolio
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.
20 August 2026TURKIYE: Number of insurance fraud reports drops in 1H2026, yet fraud attempts continue to pose a significant risk to the insurance sector
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.
4 August 2026TURKIYE: MoD continues to demonstrate resilience despite persistent inflation, intense price competition and evolving vehicle technologies
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.
4 August 2026TURKIYE: Monopoli Sigorta to join Acrisure's international platform
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.
17 June 2026TURKIYE: TSB raises forecast for 2026 by over 9%
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.
8 June 2026TURKIYE: Health insurance generated almost 26% of GWP in 1Q2026
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.
8 June 2026TURKIYE: TSB: the goal is to increase premium production and raise insurance penetration rate by 2030
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.
28 May 2026TURKIYE: 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 2026
