Number of Companies (with International Partners)
As of December 31, 2021, a total of 65 insurance and reinsurance companies operate in Turkey, including 41 non-life insurance companies, 15 Life & Pension and 6 Life insurance companies and 3 reinsurance companies. Turkish insurance market attracts international investors with its expected potential; 41 international insurance company, hold 57,9% of total paid capital and 51,8% of premiums. But local companies established recently have been decreasing their share since 2019 (Table 1.2) (SEDDK, 2021). Okumaya devam et “Turkish Insurance Sector on the 100th Anniversary of the the Republic of Türkiye -2”