In Turkey, the penetration rate of insurance services was quite low, ranging between one and 1.5 percent from 2000 to 2022. In 2016, 2020, and 2022, the insurance penetration rate peaked at 1.5 percent in the country.
As for the most popular types of insurance among Turks, the vast majority owned health insurance, followed by car insurance. On the other hand, some types of insurance are compulsory in Turkey, such as earthquake insurance, which has been required for residential buildings in urban areas since 2001. The policies cover the material losses which are directly caused by an earthquake and any fire, explosion, tsunami, or landslide that might occur as a consequence of an earthquake. By the end of 2022, the number of earthquake insurance policies in the country reached nearly 11 million.
Penetration rate of insurance services in Turkey from 2000 to 2022
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
OECD. (February 9, 2024). Penetration rate of insurance services in Turkey from 2000 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/
OECD. "Penetration rate of insurance services in Turkey from 2000 to 2022." Chart. February 9, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/
OECD. (2024). Penetration rate of insurance services in Turkey from 2000 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/
OECD. "Penetration Rate of Insurance Services in Turkey from 2000 to 2022." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/
OECD, Penetration rate of insurance services in Turkey from 2000 to 2022 Statista, https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/ (last visited November 21, 2024)
Penetration rate of insurance services in Turkey from 2000 to 2022 [Graph], OECD, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1393554/turkey-insurance-penetration-rate/