In the first two months of 2026, Turkey’s non-life insurance sector recorded premium income of 231 billion Turkish lira, representing a 28 per cent increase compared with the same period of the previous year. This reflects an approximate rise of 51 billion lira over a one-year period.
The growth underscores the strengthening position of Turkey’s general insurance market, supported primarily by rising demand across health, motor, property, fire, and natural disaster insurance segments.
Market concentration among leading insurers
During the same period, the five largest non-life insurance companies in Turkey collectively generated 119 billion lira in premiums, accounting for 52 per cent of the total market. This marks an increase from 48 per cent in 2025, indicating a growing concentration of market share among leading firms.
Key market indicators
| Indicator | Value |
|---|---|
| Total non-life premiums (Jan–Feb 2026) | 231 billion TRY |
| Year-on-year growth | 28% |
| Absolute increase | ~51 billion TRY |
| Top 5 insurers premiums | 119 billion TRY |
| Market share of top 5 insurers | 52% |
| Health insurance share | 28% |
| Health insurance premiums | ~66 billion TRY |
Sector performance in 2025
In 2025, Turkey’s non-life insurance sector recorded total premium income of 1.044 trillion lira, reflecting a 41 per cent increase compared with 2024. The expansion highlights sustained growth momentum in the sector prior to 2026.
Leading insurance companies
The state-owned Türkiye Sigorta remained the largest player in the market. In 2025, it recorded 147.1 billion lira in premium income, up 45 per cent year on year. Its market share stood at 14 per cent in 2025 and rose to approximately 16 per cent in the first two months of 2026.
Allianz Sigorta holds the second position and maintains a particularly strong presence in the health insurance segment, which has become the largest branch of the non-life market.
Anadolu Sigorta, supported by İşbank, remains in third place. The company retained a stable market share of around 9 per cent in both 2025 and early 2026, supported by a diversified portfolio including motor, health, fire, and natural disaster insurance.
AXA Sigorta ranks fourth with a market share of approximately 7 per cent in early 2026. Its presence across health, property, and commercial insurance lines continues to contribute to its position in the Turkish market.
HDI Sigorta holds fifth place with a similar market share of around 7 per cent. The company is active particularly in motor third-party liability and motor own damage insurance, both of which remain significant segments in Turkey.
Structure of the non-life market
Health insurance emerged as the largest segment in the Turkish non-life market in early 2026, accounting for 28 per cent of total premiums. Motor third-party liability, general losses, fire and natural disaster insurance, and motor own damage follow in importance.
These segments are closely linked to Turkey’s economic structure, including transportation, healthcare, infrastructure, and industrial activity, which collectively drive demand for risk protection products.
Market dynamics and competition
Although the Turkish non-life insurance sector includes numerous active companies, a significant share of premiums is concentrated among the top five firms. The 52 per cent share held by leading insurers reflects increasing market consolidation.
At the same time, this concentration highlights the role of established distribution networks, product diversity, customer service capabilities, and brand strength. Smaller and mid-sized insurers are likely to face growing pressure to enhance product innovation, digital services, and claims processing efficiency.
Digitalisation is also contributing to market expansion by simplifying policy purchase, renewal, and claims settlement processes. Increased awareness of risk management among individuals and businesses is further broadening the customer base.
Outlook
Reports cited in industry analysis indicate that 2026 is expected to be a significant year for Turkey’s insurance sector in terms of digital transformation, risk management practices, and sustainable insurance development.
Given the economy’s reliance on services and industrial production, demand for insurance protection across business operations, transport, healthcare, and property remains closely linked to economic activity.
Overall, the 28 per cent growth recorded in early 2026 reflects continued expansion in Turkey’s non-life insurance market, driven by health insurance growth, steady motor insurance demand, and the increasing role of leading insurers in a more concentrated and competitive market structure.