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2 clusters · 7 sources · 25 days · First seen · Last updated

Turkish insurance sector sustainability reporting

Overview

Turkish insurance companies have released sustainability reports detailing their climate risk management and environmental goals. AXA Sigorta’s report focuses on managing acute physical risks from extreme weather, such as floods and forest fires, while noting that upcoming Turkish regulations like the Climate Law may increase transition-related stresses. The company also provided specific calculations for expected maximum losses related to flood risks.

Aksigorta has established a strategic goal to reach net zero by 2050, with a target to reduce Scope 1 and Scope 2 emissions by 65% by 2030. The company reported progress in sustainable innovation spending and gender diversity within its workforce and management.

On a broader scale, the global insurance market has seen premium growth, rising from $6.7 trillion in 2024 to $7.1 trillion in 2025. Despite improved profitability in property and casualty sectors, the industry faces structural challenges including affordability, technology investment returns, and value chain competition.

Entities

AXA Türkiye · AXA Sigorta · Insurance and Private Pension Regulation and Supervision Agency · Çelebi Hava Servisi · Bain & Company

Timeline

  1. [BUSINESS] 6 sources
    Insurance sector reports sustainability progress and global premium growth

    Aksigorta targets net zero by 2050 in its new sustainability report, while global insurance premiums reach $7.1 trillion amid structural challenges regarding affordability and long-term growth.

  2. [BUSINESS] 2 sources
    AXA Sigorta releases 2025 sustainability report

    AXA Sigorta released its 2025 sustainability report following TSRS standards, highlighting climate risks like extreme weather and the transition to a low-carbon economy in Turkey.

Sources

aksiyon.com.tr · avrupagazete.co.uk · cumhuriyet.com.tr · ekolojigundem.com · gokyuzuhaberci.com · haber16.com · medyagazete.com