Türkiye Katılım Sigorta is preparing to enter the agency sales channel

With its strong financial results in 2023, Türkiye Katılım Sigorta announced that it will take part in the agency sales channel in 2024.

With its strong financial results in 2023, Türkiye Katılım Sigorta announced that it will take part in the agency sales channel in 2024.

Turkey Participation Insurance and Turkey Participation Life, established in accordance with the principles of participation insurance, are insurance companies in the participation finance ecosystem established under the 100% capital ownership of the Turkey Wealth Fund with the aim of expanding participation insurance in our country and spreading it to the grassroots.

Türkiye Katılım Sigorta and Türkiye Katılım Hayat, which prioritise sharing and ethical values in insurance, increased their equity size and asset size in the first year of their establishment and announced a profit in their financial results at the end of 2023. In its first year, Türkiye Katılım Sigorta generated a total premium production of TL 974 million 563 thousand and announced a gross profit of TL 53.6 million. Türkiye Katılım Hayat, on the other hand, realised a premium production of 111 million 754 thousand TL in its first year, with a gross profit of 11.7 million TL. The total premium production of the two companies totalled TL 1 billion 86 million, with a total gross profit of TL 65.4 million.

In 2023, the insurance sector struggled with difficult conditions such as wars, earthquakes and economic contractions around the world. In 2023, the year of its establishment, Türkiye Katılım Sigorta announced a profit in its assessment of its financial results at the end of the year, despite these adverse conditions and all its establishment costs and investments. The company, which started its efforts to spread participation insurance to the grassroots with its experienced and dynamic team in its first year and to achieve its goals, continues to work steadily to secure the future in 2024 with its expanding distribution network, different products and competent human resources.
In line with its 2024 targets, Türkiye Katılım Sigorta, which continues to grow as a company, announced that it will increase its premium production in different branches and channels. Working to make the most efficient use of investments in the participation ecosystem, the company stated that it will actively participate in the agency and broker sales channel, which are business partners in 2024, in order to accelerate the process of spreading participation insurance to the grassroots. Anticipating that it will be an important year especially for agents and brokers, the company is moving forward with the goal of making insurance accessible to agents and policyholders all over Turkey. Türkiye Katılım Sigorta continues to secure the future of both its agencies and participation insurance customers with a boutique and communication-oriented agency strategy.

08 Mar 2024 - 14:20 - English

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