Participation insurance (takaful) in Turkiye posted total contributions of TRY68.25bn ($1.36bn) in the first nine months of this year, 44.7% higher than the TRY47.2bn reported for the corresponding period in 2025, according to data from the Insurance Association of Turkiye (TSB). The real growth was 11.54%.
In the first three quarters of this year, non-life takaful contributions increased by 44.57% to TRY65.4bn, while family takaful increased by 47.65% to TRY2.9bn.
By branch of business, motor third-party liability takaful ranked first in contributions that totalled TRY22.3bn in the first nine months. This branch was followed by general damages with TRY12.2bn, comprehensive motor with TRY9.6bn, and fire and natural disasters with TRY9.3bn. The health insurance branch saw contributions jump by 65.38% year on year to TRY4.8bn in the first nine months of this year.