Turkiye's insurance sector's net profit for the period increased by 63% nominally to TRY168bn in 2025, while the real increase was 25%, notes the global professional services firm KPMG.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has redefined the procedures and principles regarding risk acceptance and management in surety insurance.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular, setting out that the authority, responsibility, and duties of claims investigators are limited solely to investigating insurance fraud and suspicious claims.
Nearly 600,000 investors participated in Quick Sigorta's initial public offering (IPO), who subscribed for 58.57m shares, 1.21 times the 48.31m shares offered.
The Insurance and Private Pension Regulation and Supervision Authority (SDDK) has announced the establishment of a Joint Claims Notification Centre (OHIM).
The number of insurance fraud reports fell by 12.4% to 2,212 in the first half of this year, compared to the corresponding half of 2025, according to data from the Insurance Fraud Prevention Bureau (SISEB) of the Insurance Information and Monitoring Centre.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a revised regulation in the Official Gazette, requiring support service providers offering damage management and assistance services to obtain permission from the regulator to operate.
The Capital Markets Board of Turkiye (CMB) has approved the prospectus of digital insurance company Quick Sigorta, which is carrying out an initial public offering (IPO), according to a bulletin published by the regulator.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stipulated that an actuary may undertake the duties of a Responsible Actuary for a maximum of three companies for the same period within a calendar year.
The participation insurance (takaful) sector in Turkiye chalked up contributions totalling TRY48.8bn ($1.04bn) in the first six months of the year, 50.1% higher compared to the corresponding half in 2025, in nominal terms, according to data from the Insurance Association of Turkiye (TSB). The real growth was 13.6%.