Participation insurers (takaful operators) in Turkiye generated TRY 70.1 billion (USD 1.6 billion) in contributions in 2025 in nominal terms, which is 62.9% more y-o-y, according to data from the Insurance Association of Turkiye (TSB) , Middle East Insurance Review reports.

It is noted that this growth demonstrates the increasing interest in participation-based insurance products and the growing visibility of this sector within the industry. The share of the participation insurance segment in the total insurance market reached 5.73% in 2025, up from 5.13% in 2024.

The lion’s share or 96% of the TRY 70.1 billion was generated by general takaful with contributions of TRY 67.3 billion. Family takaful reported contributions of TRY 2.8 billion (4% of the participation insurance market). General participation insurance grew by 63.3% last year, and participation life insurance grew by 54.3%.

In 2025, the share of participation insurance in the non-life insurance market was 6.45%, while the share of participation life insurance in the life insurance market was 1.57%.

In real terms, after taking inflation into account, participation insurance companies grew by 24.5%; non-life participation insurance by 24.8%, and family takaful life by 17.9%, the source added.