As of the end of August 2024, the participation insurance sector in Turkey has reported remarkable growth, with total premium production reaching 26,976,156,009 TL. This figure signifies an impressive year-on-year increase of 84.9%, indicating a robust expansion in the market. This surge reflects the growing interest in participation insurance products, which are aligned with ethical finance principles.
Such a dramatic increase underscores the sector’s evolving dynamics and highlights its significant potential within the broader insurance landscape.
