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.

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.

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.

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.

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.

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.

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.

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).

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.

On Sept. 26, 2025, S&P Global Ratings revised its outlook on Milli Reinsurans T.A.S. (Milli Re, Turkiye) to positive from stable.

Delays and disruptions in the supply chain not only create additional workload for insurance companies and adjusters, but also erode policyholders' trust in the sector, according to the board of directors of the Turkish Insurance Experts Association (TUSED), Middle East Insurance Review writes.

Türk Reasürans has appointed Mr Özgür Bülent Koç as general manager, according to news platform Sigortaci, Middle East Insurance Review writes.

In the first half of this year all insurance companies that offer MTPL reported losses in the segment, according to data from the Insurance Association of Turkiye (TSB), Middle East Insurance Review writes.

Small and medium-sized enterprises (SMEs) make up 99.7% of all enterprises in Türkiye, however the insurance rate for them remains at 32%, according to Mr Oktem Orkun, deputy general manager of elementary commercial insurance at Allianz Turkiye, Middle East Insurance Review writes.

In Turkiye eleven insurance companies have appeared on the list of the top 100 taxpayers, paying a total of TRY 23.5 billion (USD 569 million) in taxes for 2024, according to data released by the Revenue Administration, Middle East Insurance Review writes.

AM Best has upgraded the Financial Strength Rating (FSR) to C++ (Marginal) from C+ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b” (Marginal) from “b-” (Marginal) of Millî Reasürans Türk Anonim Şirketi (Milli Re) (Türkiye). Concurrently, AM Best has revised the outlook for the Long-Term ICR to Positive. The outlook for the FSR is stable.

In 2024 the insurance sector in Turkiye recorded significant growth with total profits reaching TRY 31.8 billion (~EUR 0.87 billion), which means a 59.46% y-o-y increase, as KPMG, a global professional services firm, said in its 2025 "Insurance Sectoral Overview" report, Middle East Insurance Review writes.

Approximately 11.5 million of the 20.3 million households across Turkiye have compulsory earthquake insurance, representing an insurance coverage rate of 57.4%, according to data from the Turkiye Catastrophe Insurance Pool (TCIP), Middle East Insurance Review writes.

Dubai-based ETG Insurance & Risk Solutions (EIRS), the rapidly growing insurance and reinsurance division of the global agri-commodity conglomerate ETG, has formed a strategic partnership with BrokerPlus, a Turkish insurance brokerage, Middle East Insurance Review writes.

At the end of June 2025, total number of registered vehicles in Turkiye stood at 32.37 million, according to data from the Turkish Statistical Institute (TurkStat), Middle East Insurance Review writes.