The Kahramanmaras earthquake, that occurred on 6 February 2023, has highlighted the importance of urgent cash needs, according to the Secretary General of the Turkish Disaster Insurance Institution (DASK), Mr Balkir Demirkan.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK), the Turkish Insurance Association (TSB), and the senior management of DASK (Turkish Natural Disaster Insurance Pool) have held a series of meetings in Kahramanmaras on the anniversary of the massive earthquakes that occurred in the region on 6 February 2023.
Turkiye Sigorta, which is the biggest non-life insurer in the country, has said that its market leadership is not marginal.
Life and pension insurer Turkiye Hayat Emeklilik has chalked up net profits of TRY15.5bn for the financial year ended 31 December 2025, a 67% increase year on year.
In the Middle East, Saudi Arabia and the UAE both recorded some improvement in court-related complexities, according to Allianz Trade, as compared to 2022.
Approximately 20% of registered vehicles in Turkiye lack mandatory third-party liability insurance (called traffic insurance), according to Quick Sigorta General Manager Eyup Ozsoy.
Istanbul-headquartered state-controlled Turkiye Sigorta has posted net profits of TRY19.43bn ($448m) for 2025, a surge of 52.7% over 2024, according to the company's financial statements.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has issued a circular to ensure that insurance personnel whose work involves the Turkish Financial Reporting Standard 17 (TFRS 17) have the required knowledge, skills, and competencies.
Participation insurers (takaful operators) in Turkiye generated TRY70.1bn ($1.6bn) in contributions in 2025 in nominal terms, representing a 62.9% increase compared to the previous year, according to data from the Insurance Association of Turkiye (TSB).
The Turkish insurance sector has shifted its focus to domestic and national technology initiatives in its digital transformation journey.