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.

Premium production in the life sector jumped by ~79% y-o-y to TRY 178.8 billion, while on the non-life side, the GWP increased by 41.33% y-o-y to TRY 1.04 trillion.

With an over 55% growth of the business volume, health insurance increased its share in the market portfolio by about 1 percentage point. Other than this, the portfolio structure also saw a significant change in the share held by life insurance, which grew with more than 2.5 pp.

Of the 70 active members of TSB, the company which generated the largest premium volume was the state insurer Türkiye Sigorta (12.03% market share) followed by Allianz Sigorta (market share of 9.43%) and Anadolu Anonim Türk Sigorta (8%).

According to the Insurance Sector 2026 Outlook Survey conducted by the Insurance Association of Türkiye (TSB), the Turkish insurance sector is set to continue growing in real terms in 2026, despite persistent macroeconomic pressures. Overall, Turkish insurers approach 2026 with cautious confidence. Real growth appears achievable, but success will depend on disciplined underwriting, regulatory adaptation and operational efficiency.

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