Turkiye: Participation insurance grows by over 22% in real terms in first 11 months of 2025
Source: Middle East Insurance Review | Feb 2026
Participation insurance (takaful) companies generated TRY59.6bn ($1.38bn) in contributions aduring the first 11 months of 2025, climbing by 22.6% in real terms compared to the corresponding period of 2024, according to data released by the Insurance Association of Turkiye.
In nominal terms, the participation insurance market grew by 60.7% during the period. Takaful accounted for a 5.62% share of the total insurance market.
Of the total contributions, non-life participation insurance business accounted for TRY57.1bn while the life segment generated contributions of TRY2.5bn.
Participation companies grew by 61% in non-life insurance (or 22.9% in real terms) and 51.4% in life insurance (or 15.5% in real terms) during the first 11 months.
During the period of review, vehicle insurance commanded around 50% of the total participation insurance market. Vehicle insurance comprises traffic insurance (or motor third-party liability insurance) and comprehensive car insurance.
Traffic insurance generated growth of 38.38% with contributions of TRY20.3bn. The comprehensive motor insurance branch surged by 94.17% with contributions reaching TRY8.9bn in the first 11 months of 2025. M