Turkey’s top 5 insurance companies dominate non-life market in 2026

International Correspondent: Turkey’s insurance sector maintains steady growth, led by non-life insurers amid economic recovery, rising motor and health demand, and digital transformation.

1. Turkiye Sigorta remains the clear market leader with 14-16% share in non-life insurance. The state-backed company recorded 147 billion TRY in premiums in 2025, up 45% year-on-year. It excels in motor, health, and property coverage with extensive reach via PTT branches and a mobile app boasting millions of users.

2. Allianz Sigorta holds second place with 11-13% market share. The international player generated strong premiums through diversified products in auto, health, and life, supported by advanced digital claims processing and high customer satisfaction.

3. Anadolu Anonim Türk Sigorta (Anadolu Sigorta) secures third position with around 9% share. Backed by İşbank, it offers reliable motor and general insurance products with a large domestic customer base and consistent performance.

4. AXA Sigorta ranks fourth with approximately 7-9% market share. Known for international expertise, it provides competitive health, property, and commercial insurance alongside efficient service and strong solvency.

5. HDI Sigorta (or Sompo Sigorta) rounds out the top five with growing 5-7% share. Both focus on non-life segments including commercial lines, delivering competitive offerings amid sector expansion.

These companies benefit from Turkey’s low insurance penetration and ongoing digital adoption. Analysts project further growth in 2026 driven by regulatory support and economic stabilization.

Writer: İlayda Eda Gür, Marketing Consultant; Alumni, Istanbul Bilgi University