Daniel Slotta
Research expert covering Greater China
Insurance market in Turkey - statistics & facts
Even though the insurance business in Turkey started emerging in the late 19th century, it became the second-largest segment of the Turkish financial system. The sector’s total assets reached over 780 billion Turkish lira by the end of 2022. At the same time, both the export and import values of the insurance and pension services peaked in 2022, indicating that the market is expanding not only locally but also internationally.
