Page 31 - Turkinsurance Digital Magazine

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The Insurance As we leave the first half of 2025 behind, how do you evaluate

the sector's performance to date?
Sector Moves In the January–May period of 2025, our insurance companies pro-

Toward 2030 duced a total premium of TRY 484.3 billion, increasing their produc-
tion by 51.6% compared to the same period last year.
with Strong When compared with the inflation rate for the same period, the sector

achieved a real growth rate of 12%. Out of the total production in the
Targets first five months, TRY 419.5 billion came from non-life insurance,
while TRY 64.7 billion originated from life insurance. During this
five-month period, non-life insurance grew by 47.9% year-on-year,
while life insurance increased by 81.4%.
President of the
When adjusted for the five-month inflation rate, non-life insurance
Insurance Association grew by 9.2% in real terms, while life insurance grew by 34%. In
of Türkiye (TSB), Uğur the January–May period, companies produced TRY 94.3 billion in
health insurance premiums, increasing their production by 70.63%
Gülen, stated: “A compared to the same period last year. The real growth rate in health

strengthened capital insurance was 26.01%.
structure enhances In motor third-party liability insurance (traffic insurance), compa-
the sector’s financial nies generated TRY 95.6 billion in premiums, marking a 46.67%
increase compared to January–May of the previous year. The real
resilience and investor
growth rate in traffic insurance was 8.32%.
confidence.”
One notable development in the first five months of this year was
that motor own damage insurance (kasko), which had shown negative
growth in recent months, turned to positive growth. Companies gen-
erated TRY 55.1 billion in motor own damage premiums, an increase
of 30.57% compared to the same period last year. Despite this, the
motor own damage market shrank by 3.57% in real terms.

Target for 2030: To double the size of the sector
and expand insurance awareness.

Additionally, awareness and demand in branches such as fire, natural
disasters, and financial insurance are also on the rise. Particular-
ly, building completion and surety insurance are among the products
with high growth potential in the new period.

A strong capital structure increases companies’ financial resilience,
enabling them to better withstand risks, adapt more flexibly to eco-
nomic fluctuations, and fulfill long-term obligations more easily. At
the same time, it allows industry players to make new investments
and stands out as one of the cornerstones of sustainable growth. The
rising level of equity also reinforces investor confidence, thereby
strengthening the overall financial stability of the sector. In this con-
text, while the sector is taking steps to enhance capital adequacy, it is
also developing various financial instruments and investment strate-
gies to manage its capital structure more efficiently. This contributes
to both the sustainable growth of companies and the construction of
a more secure insurance ecosystem for policyholders.

Looking at the trend over the past five years, the sector’s equity has
shown stable and sustainable growth. While total equity stood at TRY