The Insurance Association of Turkiye (TSB) has named members of its new board, headed by Mr Ahmet Yasar, following elections at its annual general assembly held on 8 April 2026.
Turkiye Sigorta, the country's biggest non-life insurer, has decided to double its paid-in capital to TRY20bn ($446m) through a 100% bonus issue, with funds to be transferred from retained earnings.
The escalating tensions in the Strait of Hormuz due to Israeli and US attacks on Iran indicate that the insurance sector has become one of the main actors in classifying the nature of conflict from an operational perspective.
Members of the Insurance Association of Turkiye (TSB) have elected Mr Ahmet Yasar as the new President of the trade body at a ordinary general assembly held on 8 April.
The Turkish insurance sector had a weak start to 2026 and the US-Israel-Iran military conflict has aggravated the situation, forcing the insurance industry to recalibrate its expectations for the year.
Turkiye's Competition Authority has launched an investigation into 19 companies operating in the health insurance market over allegations that they may have coordinated the pricing of their products.
State-owned Turk Reasurans (Turk Re) has reported that its net profit reached TRY3.6bn ($80.8m) for 2025, a 16% jump compared to 2024, maintaining its growth momentum, according to a company statement.
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.