The Turkish insurance sector demonstrated strong growth in the first half of 2025, according to data released by the Insurance Association of Turkiye (TSB).The overall real growth rate for the insurance industry was 12.3%.
Gallagher has announced that it is expanding its aerospace practice with the launch of a new general aviation team in Turkiye. The new team will be led by Mr Can Giray and Mr Görkem Rahmioglu who have joined Gallagher.
The Turkish authorities are considering new rules that would require farmers in the same district to insure all plots of a specific crop, according to Mr Bekir Engurulu, general manager and a director of TARSIM, the state-backed Agricultural Insurance Pool.
The Insurance Association of Turkiye (TSB) has published a final report on eight priority projects for the 2025-2029 strategy period.
Turkiye is showing rapid growth in renewable energy, and these investments are being closely followed by the insurance sector, according to Mr Murat Ciftci, CEO of Istanbul-headquartered IBS Insurance and Reinsurance Brokerage.
MAPFRE Sigorta's regulatory solvency ratio strengthened to 132% at end-2024 from 109% at end-2023, due to an increase in shareholders' equity arising from very strong retained earnings and capital provided by the parent, MAPFRE, says Fitch Ratings.
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, Fitch Ratings says in a report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation".
The Turkish Insurance Experts Association (TUSED), the Turkish Insurance Experts Association, has highlighted discrepancies in the prices and coverage offered in home insurance policies, following large-scale fires that have broken out across Turkiye in recent weeks.
The Middle East and Africa (MEA) were among the emerging insurance markets (excluding China) that exhibited above-trend growth in 2024, according to Swiss Re Institute (SRI) in a report on global insurance developments.
The Insurance and Private Pension Regulation and Supervision Agency's new regulation on determining totally wrecked and severely damaged vehicles has entered into force, starting an era in which grievances about damaged vehicles and unregistered practices in the sector will be reduced.