Quick Hayat Sigorta received its operating licence on 3 July from the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) to offer life insurance services.
Two-thirds of registered motorcycles in Turkiye do not have compulsory motor third-party liability insurance (also known as traffic insurance), according to Mr Bendevi Palandoken, the chairman of the Confederation of Turkish Tradesmen and Craftsmen (TESK).
AcnTURK Holding, a company owned by intermediaries and which has a 100%-owned insurance company, plans to go public in 2026, according to Mr Murat Buyukcelebi, the company's chairman.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has expanded the scope of coverage of building completion insurance, which was introduced in 2015.
Sabanci Ageas Health Insurance has changed its name to Medisa Sigorta and increased its issued capital by TRY400m ($12.22m).
The Insurance Association of Turkiye (TSB) has started studies on strategies for the industry for the years 2025-2030, Mr Uger Gulen, the industry body's president, has revealed. The objective is to shape the TSB to better support all stakeholders and develop the industry.
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other disasters including flood, landslide, storm, hail, avalanche and forest fire.
The combined fund size in Turkiye's Private Pension System (BES) and Automatic Pension Enrollment System (OKS) has crossed TRY1tn ($31bn) for the first time, according to a statement from the Insurance Association of Turkiye (TSB). The total number of subscribers has reached 16.39m.
The number of vehicles covered by traffic insurance (also known as motor third-party liability insurance) in Turkiye exceeded 23.34m as of the end of March, according to data from the Insurance Association of Turkiye (TSB).
With the publication of annual reports in recent weeks, the world's three biggest reinsurers have indicated the quantum of claims incurred due to the massive February 2023 earthquake that hit Türkiye and Syria.