Takaful, which is called participation insurance in Turkiye, posted TRY68.25bn ($1.38bn) in contributions in the first nine months of 2026, representing a 44.7% growth compared to the corresponding period in 2025, according to data compiled by the Turkish Insurance Association (TSB).
Of this total, TRY65.36bn was generated by the non-life insurance segment. The family takaful insurance branch accounted for contributions of TRY2.89bn, a surge of 47.65%. Its market share was 4.2%.
The TSB data also showed contributions from the main non-life takaful branches, as follows:
|
Non-life takaful branch
|
Contributions TRY bn
|
Y-on-Y growth
|
Market share
|
|
Compulsory Motor
|
20.57
|
48.8%
|
31%
|
|
General damages (including agricultural and livestock insurance)
|
12.21
|
64.5%
|
18%
|
|
Motor Vehicle Comprehensive
|
9.62
|
33.2%
|
15%
|
|
Fire and Natural Disaster
|
9.31
|
52.9%
|
13%
|