As part of its preparations for the upcoming UN Climate Change Conference, COP31, the Turkish Insurance Association (TSB) has held a meeting with the Brazilian Insurance Companies Association (CNseg).
Emaa Insurance has appointed Mr Hüsamettin Berisbek as Deputy General Manager responsible for technical and operations.
The Turkish automotive market is shifting from a new vehicle-centric structure to a used vehicle-centric one, with implications for the automotive industry as well as insurance, finance and public policy.
Loss adjusting records show that the majority of traffic (motor third party liability) insurance claims lodged in 2025 were in the low-value range, amounting up to TRY50,000 ($1,127), with costs consisting primarily of parts and labour.
The potential in financial insurance business is significant in Turkiye, according to Mr Ali Sertac Canal, Deputy General Manager of state-owned Turk Reasurans (Turk Re).
Milli Reasurans (Milli Re) has posted a 65% surge in net profits to TRY9.78bn ($221.1m) for the financial year ended 31 December 2025, compared to 2024. Premiums totalled TRY16.2bn in 2025, around 10% higher than in 2024.
Nominal increases in comprehensive motor insurance premiums alone do not reflect the affordability of this coverage, says the Insurance Association of Turkiye (TSB), as it seeks to dispel misconceptions of comprehensive car insurance as "very expensive".
The majority of insurance companies in the Turkish market are "followers" in digital transformation, and the number of companies that have been able to implement digitalisation throughout the entire value chain is quite limited, according to the findings of a study.
The Insurance Association of Turikye (TSB) and Forensic Medicine Institute are looking to address areas of cooperation and joint work between the insurance sector and the institute.
A new regulation on the Appointment of Insurance Adjusters will come into force on 1 April 2026, that will reshape the adjuster appointment process, job acceptance principles and the fee system.