TSB Unveils Sigorta Evi Initiative and 2030 Penetration Target at COP31

Turkish Insurance Association (TSB) presented its climate‑aligned growth agenda at COP31, revealing that insurance premium production surged 29% year‑on‑year to 744 billion lira by June 2026.

Sigorta Evi: A New Hub for Climate Risk Collaboration

■TSB announced plans to launch the Sigorta Evi in Antalya, designed as a joint platform for insurers, reinsurers, government bodies, international organizations, development finance institutions, investors, the real sector, academia and civil society.

■The initiative shifts focus from post‑disaster fundraising to pre‑event financial protection.

Premium Volume and Asset Base Hit Record Levels

■Total premium production reached 744 billion lira, up 29% annually.

■Asset base expanded to 4.4 trillion lira.

■Funds supplied to the economy amounted to 3.6 trillion lira.

Penetration Goal and 2030 Vision

■Current insurance penetration stands at 2.62%; TSB aims to lift it to 4.7% by 2030.

■Achieving this would push premium output to 50 billion dollars.

■Private pension (BES) and individual retirement (OKS) funds total 2.4 trillion lira with 16.9 million participants.

Data, Modelling and the Future of Risk Pricing

■TSB Chairman Ahmet Yaşar stressed that insurance must be embedded in infrastructure design, not limited to post‑loss payouts, emphasizing risk understanding, mitigation, sharing and pricing.

■Board Member Neslihan Neciboğlu warned that unmeasured risk cannot be managed, highlighting the power of combining loss data, climate models and economic activity metrics to build a robust decision‑support framework.

■Secretary General Özgür Obalı noted that COP31 will be judged not by the number of meetings but by the quality of risk data entering decision processes, new international partnerships, fresh financing capacity and pilot projects.

The association’s structured climate‑resilience investments and data‑driven risk modelling are poised to protect underwriting margins while unlocking expansion opportunities. TSB’s 2030 penetration target and the Sigorta Evi project could position Turkey as a regional hub for climate finance.