# Turkish insurance sector performance

> Live situation record from CLSTR: https://clstr.news/situations/turkish-insurance-sector-performance
> Updated: 2026-10-21T09:03:50.000Z. Sources: 5. Developments: 2.

S&P Global Ratings projected that Turkey’s property and casualty insurance market would maintain strong profitability, with returns on equity expected to stay above 30% over a two-year period. Despite high inflation and currency volatility, the sector demonstrated resilience through inflation-indexed and foreign currency-denominated policies.

Data from the Insurance Association of Turkey later showed that total premium production reached 1 trillion 97 billion 137.4 million lira during the first nine months of the year, a 28% nominal increase compared to the previous year. While non-life insurance comprised 83.7% of this total, the sector experienced a real contraction of 1.3% when adjusted for inflation. Within the non-life segment, land vehicle liability was the largest contributor, followed by health, sickness, fire, and natural disasters.

## Timeline

### 2026-10-21: Turkish insurance sector premium production rises 28% in first nine months

Turkey's insurance sector saw a 28% nominal increase in premium production to over 1 trillion lira in the first nine months, though real production declined by 1.3% due to inflation.

2 sources. https://clstr.news/cluster/turkish-insurance-sector-premium-production-rises-28-in-first-nine-months

### 2026-10-05: Turkey insurance sector expected to maintain strong profitability

S&P Global Ratings expects Turkey's property and casualty insurance sector to maintain strong returns on equity above 30% over the next two years despite high country risk.

3 sources. https://clstr.news/cluster/turkey-insurance-sector-expected-to-maintain-strong-profitability

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Cite as: Turkish insurance sector performance. CLSTR, https://clstr.news/situations/turkish-insurance-sector-performance