Türkiye’s insurance market continued to grow strongly in 1H 2026, with total gross written premiums (GWP) up 28.95% y-o-y to TRY 743.85 billion (approx. EUR 13.98 billion, +13.2%), according to the Insurance Association of Türkiye (TSB). As such, the market dynamic remained positive albeit at a lower pace than a year ago.

As Turkish lira continued to depreciate against the euro (~14% y-o-y) growth figures when expressed in foreign currency were very different than the rates calculated in local currency.

The life insurance sector posted a 46.2% increase in GWP, reaching TRY 114.8 billion (EUR 1.68 billion, +36.5%), while non-life insurance grew 47.8% to TRY 498.23 billion (EUR 2.16 billion, +28.37%). Health insurance also saw an impressive dynamic - +34.8% in local currency - gaining almost 1 percentage point in market share. However, most other non-life lines performed well.

Motor insurance retained its leading position, representing 33.37% of total GWP (down 3 pp y-o-y). Of this, two-thirds came from compulsory MTPL, which recorded TRY 166.33 billion (EUR 3.13 billion) in premiums, up 15.56% in TRY and 1.45% in EUR terms.

Turkish insurers closed the first half of 2026 with a solid overall financial result, posting a gross profit of EUR 1.9 billion (TRY 103.57 billion), out of which life insurers accounted for about two thirds.

Türkiye Hayat ve Emeklilik, AgeSA Hayat ve Emeklilik and Viennalife Emeklilik ve Hayat are the Top 3 life insurers, with market shares of 17.66%, 13.46% and 11.26% respectively.

On the non-life segment, the Top 3 is formed by Türkiye Sigorta, Allianz Sigorta and Axa Sigorta, with market shares of 14.98%, 12.09% and 8.65% respectively.

Access xprimm.com and download the Turkish insurance market statistics.