OYAK GRUP SİGORTA

What OYAK GRUP SİGORTA does

OYAK GRUP SİGORTA ve Reasürans Brokerliği A.Ş. operates as a licensed insurance and reinsurance brokerage in Turkey, regulated under Turkish Insurance Law No. 5684. Founded in 2017, the company is a 100% subsidiary of OYAK Yatırım Menkul Değerler A.Ş. (OYAK Investment Securities Inc.), itself part of the broader OYAK Group, a major Turkish conglomerate. The broker serves two principal customer segments: individual consumers (motor, health, home, life, travel, pension, personal accident, mobile phone, education, and specialty products such as women's insurance) and corporate clients (fixed assets, engineering, aviation, marine/shipyard, logistics, energy, fleet, agricultural, SME package, sports clubs, events, drone, financial risk, liability, and group benefits).

The company's distribution architecture is built around a digital platform (oyakgrupsigorta.com) that aggregates offerings from 35+ Turkish insurance carriers, enabling comparative quote generation via online forms, an inbound call center (0850 577 00 57), and corporate field sales. The platform supports a direct-to-consumer quote capture funnel alongside a sales-led motion for complex corporate placements. Supporting infrastructure includes the OYAK Sağlık Platformu (OYAK Health Platform) for integrated health service delivery to group insurance clients and an affinity program capability for embedding insurance into corporate partners' loyalty and employee benefits stacks. International reach is delivered through Worldwide Broker Network (WBN) membership (since November 2019) covering 500+ offices in 100+ countries, and Lloyd's authorized broker status (since April 2020) for direct placement of complex risks in the global reinsurance marketplace.

OYAK GRUP SİGORTA operates a commission-based revenue model, earning transaction fees on premiums placed through its partner insurers; it does not underwrite risk or set premiums itself. The company holds ISO 9001:2015 and ISO 10002:2018 certifications and complies with the Turkish Personal Data Protection Law (KVKK / 6698 sayılı Kanun). Headcount is reported at 51-100 employees, with operations centralized at a single headquarters in the Vadi İstanbul business complex in Istanbul's Sarıyer district.

Name

OYAK GRUP SİGORTA

Legal name

OYAK GRUP SİGORTA ve Reasürans Brokerliği A.Ş.

Website

https://oyakgrupsigorta.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

OYAK GRUP SİGORTA is a Turkish insurance and reinsurance brokerage serving individual and corporate clients across 35+ insurer partners. A 100% subsidiary of OYAK Investment Securities, it holds Lloyd's broker authorization and Worldwide Broker Network membership for global market access.

Ownership category

akta.pro rank

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: OYAK GRUP SİGORTA operates as a licensed insurance and reinsurance broker under Law No. 5684 on Insurance. The company earns commissions from insurance companies for policies placed through its brokerage. It acts as an intermediary between customers seeking insurance coverage and insurance companies providing the coverage. Premium collections are handled through insurance companies' virtual POS systems.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

OYAK GRUP SİGORTA is a licensed insurance and reinsurance brokerage operating as an intermediary between customers and 35+ insurance companies in Turkey. The company aggregates and compares insurance offerings across motor, health, home, life, travel, and commercial lines for individual and corporate clients, and provides risk management and claims consultancy services. It holds Lloyd's authorized broker status (since April 2020) and Worldwide Broker Network membership (since November 2019) for global reinsurance and cross-border placement.

Product overview

OYAK GRUP SİGORTA is an insurance and reinsurance brokerage company that operates as a platform offering both individual and corporate insurance products and services. For individual clients, the portfolio includes Kasko (Motor Own Damage), Trafik (Motor Third Party Liability), Konut (Homeowners), DASK (Earthquake), Özel/Tamamlayıcı Sağlık (Health), Hayat (Life), Ferdi Kaza (Personal Accident), Bireysel Emeklilik (Pension), Cep Telefonu (Mobile Phone), Seyahat (Travel), Yabancı Uyruk (Foreign Health), Eğitim (Education), and specialty products like Kadınlar İçin Güçlü Gelecek (Women's Future) and İMM (Liability). For corporate clients, the company offers Reasürans ve Küresel Erişim (Reinsurance), Sabit Kıymet (Fixed Assets), Enerji/Mühendislik/Havacılık/Lojistik/Tersanecilik sector-specific products, Nakliyat (Marine Cargo), Sorumluluk (Liability), Finansal Risk, Tarım (Agricultural), Kobi Paket (SME), Filo (Fleet), Spor Kulüpleri (Sports Clubs), Eğlence-Organizasyon (Events), İHA/Drone, and group products (Hayat, Ferdi Kaza, Sağlık). Supporting service modules include Risk Danışmanlığı (Risk Management), Hasar Danışmanlığı (Claims Management), Affinity Programs, Çalışan Yan Hakları (Employee Benefits), and OYAK Sağlık Platformu. The company holds Lloyd's broker status and Worldwide Broker Network membership for global market access.

Differentiator

Problem solved

Functional benefit

Products and services

• Kasko Sigortası (Motor Own Damage Insurance) Comprehensive motor vehicle insurance covering damages from burning, theft, attempted theft, or accidents including collision, fire, theft, natural disasters, and terrorist actions. For individual consumers and vehicle owners.
• Trafik Sigortası (Motor Third Party Liability Insurance) Compulsory insurance covering partial or whole damages caused by a motor vehicle to third parties' property or life, mandated by Turkish highways traffic code. For vehicle owners.
• Konut Sigortası (Household Insurance) Home insurance protecting residential properties against fire, theft, and natural disasters. For individual homeowners.
• DASK (Compulsory Earthquake Insurance) Mandatory earthquake insurance covering damages caused by earthquake, fire after earthquake, and explosion resulting from earthquake. For residential property owners in Turkey.
• Özel Sağlık Sigortası (Private Health Insurance) Private health insurance providing comprehensive medical coverage for individuals and families. For individual consumers seeking private healthcare access.
• Tamamlayıcı Sağlık Sigortası (Complementary Health Insurance) Supplementary health insurance covering expenses not covered by main health insurance, providing additional medical protection. For individuals with existing public or private coverage.
• Yabancı Uyruk Sigortası (Foreign Health Insurance) Health insurance designed for foreign nationals residing in Turkey. For expatriate individuals and families needing healthcare coverage.
• Yurt Dışı Seyahat Sigortası (Travel Insurance) International travel insurance providing coverage for medical emergencies, trip cancellations, and other travel-related risks abroad. For individual travelers.
• Hayat Sigortası (Life Insurance) Life insurance providing financial protection for beneficiaries in case of the insured's death. For individual policyholders seeking family financial security.
• Ferdi Kaza Sigortası (Personal Accident Insurance) Personal accident insurance covering death and permanent injury for individuals, with indemnity paid to legal heirs or the insured. For individual consumers.
• Bireysel Emeklilik Sigortası (Individual Pension) Individual pension insurance providing long-term savings and retirement benefits. For individual savers planning for retirement.
• Cep Telefonu Sigortası (Mobile Phone Insurance) Insurance coverage for mobile phones against damage, theft, and other risks. For individual mobile device owners.
• Eğitim Sigortası (Education Insurance) Insurance product designed to protect educational expenses and support future educational planning. For parents and families planning for children's education costs.
• Kadınlar İçin Güçlü Gelecek Sigortası (Women's Strong Future Insurance) Specialized insurance product designed for women providing coverage tailored to their specific needs and future planning security. For individual female consumers.
• İMM (Voluntary Pecuniary Liability Insurance) Optional liability insurance covering excess liability beyond mandatory traffic insurance limits. For individual vehicle owners seeking expanded coverage.
• Yeşil Kart Sigortası (Green Card Insurance) Insurance providing coverage equivalent to traffic insurance for vehicles traveling abroad, particularly in countries requiring proof of insurance. For individual drivers crossing borders.
• Reasürans ve Küresel Erişim (Reinsurance and Global Access) Reinsurance brokerage services providing risk-specific capacity and alternative insurance solutions through partnerships with global reinsurance markets including Lloyd's marketplace. For corporate clients and insurers needing complex risk placements.
• Sabit Kıymet Sigortaları (Fixed Assets Insurance) Corporate insurance covering business assets and fixed property against fire, explosion, and natural disasters. For businesses and commercial property owners.
• Enerji Sektörüne Özel Sigortalar (Energy Sector Insurance) Specialized insurance products designed for energy sector companies covering sector-specific risks. For corporate clients in the energy industry.
• Mühendislik Sigortaları (Engineering Insurance) Coverage for construction projects including erection insurance, machinery breakdown insurance, and contractor's all risks. For corporate clients in construction and engineering sectors.
• Havacılık Sigortaları (Aviation Insurance) Insurance for aircraft owners, operators, hangar owners, and airport operators covering aviation-specific risks. For corporate aviation industry clients.
• Lojistik Sigortaları (Logistics Insurance) Insurance products designed for logistics sector protecting businesses and professionals against transportation-related risks. For corporate logistics industry clients.
• Tersanecilik Özel Sigortaları (Shipyard Insurance) Specialized insurance covering marine industry material and personnel safety risks for shipyard operations. For corporate shipyard and marine industry clients.
• Nakliyat Sigortaları (Marine Cargo Insurance) Insurance covering transported goods and cargo against damage or loss during shipping. For corporate importers, exporters, and shipping companies.
• Sorumluluk Sigortaları (Liability Insurance) Protection for individuals and businesses against potential risks and liability claims. For corporate clients and professionals facing liability exposure.
• Finansal Risk Sigortaları (Financial Risk Insurance) Protection mechanisms designed to minimize financial losses for institutions and individuals. For corporate clients managing financial exposure.
• Tarım Sigortaları (Agricultural Insurance) Insurance protecting farmers against agricultural risks including crop failure and livestock losses. For agricultural businesses and farmers.
• Kobi Paket Sigortaları (SME Package Insurance) Comprehensive insurance package designed for small and medium-sized enterprises providing essential coverage. For SME business owners.
• Filo Sigortaları (Fleet Insurance) Fleet motor insurance preferred by companies with high vehicle counts, offering comprehensive coverage for entire vehicle fleets. For corporate clients managing vehicle fleets.
• Spor Kulüplerine Özel Sigortalar (Sports Clubs Insurance) Customized insurance products specifically designed for sports clubs covering club-specific risks. For sports club organizations and athletic entities.
• Eğlence-Organizasyon Sigortaları (Event Insurance) Insurance coverage for entertainment events and organizations protecting against event-specific risks. For event organizers and entertainment industry clients.
• Diğer Sektörlere Özel Sigortalar (Specialty Sector Insurance) Specialized insurance products for other industries including precious metals, film, and art works insurance. For corporate clients in specialized industries.
• Grup Hayat Sigortası (Group Life Insurance) Life protection coverage provided for specific group members, typically employer-provided employee benefit. For corporate HR and benefits managers.
• Grup Ferdi Kaza (Group Personal Accident) Group accident insurance covering employer-provided accident risks for employees. For corporate HR and benefits managers.
• Grup Sağlık Sigortası (Group Health Insurance) Health insurance collectively purchased by groups of individuals or organizations for comprehensive medical coverage. For corporate HR and benefits managers.
• İHA (Drone) Sigortaları (Drone Insurance) Insurance coverage for drone owners and operators protecting against potential risks associated with drone operations. For corporate drone operators and UAV businesses.
• Risk Danışmanlığı (Risk Management Consulting) Corporate risk management services providing analysis of fire, explosion, natural disaster risks, cyber-risks, business interruption, pandemic risks, environmental risks, product liability, and other potential risks. For corporate risk managers and business owners.
• Hasar Danışmanlığı (Claims Management Consulting) Claims management consultancy services including coordination between insured, insurers, reinsurers, and claims adjusters from initial notification through file closure. For individual and corporate insureds.
• Affinity Programs Customized insurance services for corporations including loyalty programs, database marketing, special products, and worksite marketing platforms for employees and members. For corporate partners seeking to offer differentiated insurance to their customer bases.
• Çalışan Yan Hakları (Employee Benefits) Employee benefits solutions tailored to organizational goals, employee profiles, and HR strategies. For corporate HR teams and benefits administrators.
• OYAK Sağlık Platformu (OYAK Health Platform) Digital health platform providing access to healthcare services for valued members and their families. For group health insurance clients and OYAK-affiliated members.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

35 partnerships are on record, tiered core and minor.

• Lloyd's (London Insurance Market)coreStrategic or Co-development Partner · 1 April 2020As of April 2020, OYAK GRUP SİGORTA received an operating license to act as an authorized broker of Lloyd's, the world's leading and most established insurance and reinsurance marketplace. This Lloyd's Broker title grants direct access to Lloyd's unique global underwriting expertise pool and strengthens the company's position in the global (re)insurance industry.
• Worldwide Broker Network (WBN)coreStrategic or Co-development Partner · 1 November 2019In November 2019, OYAK GRUP SİGORTA became a member of the Worldwide Broker Network (WBN), the largest international network of independent insurance brokers and employee benefits consultants. This membership provides access to 500+ offices in 100+ countries across 6 continents, enabling the company to provide local insurance solutions internationally and connect international clients with Turkish insurance products.
• AksigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Allianz TürkiyeminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Anadolu SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Axa SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Zurich SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Türkiye SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Sompo SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• HDI SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Mapfre SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Chubb SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Euroko SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• QNB SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Unico SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• ACN TürkminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Bereket SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Demir Hayat SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Doğa SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Gulf SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Katılım Emeklilik ve SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Koru SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Magdeburger SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Neova SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Ray SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Referans SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Türk Nippon SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Türkiye Hayat EmeklilikminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• VHV SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Axa Hayat EmeklilikminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Acıbadem SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Coface SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Corpus SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Quick SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.
• Hepiyi SigortaminorOthersInsurance company partner displayed in the company's partner logos section on the homepage.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Howden: International insurance brokerage group with specialty and reinsurance focus. Closely analogous to OYAK in positioning around complex risks, employee benefits, and cross-border placements, and competes for similar mid-to-large corporate clients.
• Arthur J. Gallagher (Gallagher): Large global insurance broker and risk management services firm. Comparable as a multi-line broker serving middle-market and large commercial accounts, with growing international footprint that mirrors OYAK's WBN-backed ambition.
• Lockton: World's largest privately held insurance broker with strong specialty and reinsurance capabilities. Direct competitor for complex corporate risks OYAK places via Lloyd's and WBN, and a structural parallel as an independent, entrepreneurially-run brokerage.
• Willis Towers Watson (WTW): Global insurance brokerage and advisory firm with established presence in Turkey. Competes head-to-head on corporate risk placement, reinsurance, and employee benefits — the same segments where OYAK positions its corporate and affinity offerings.
• Aon: Global insurance and reinsurance broker with deep Turkish operations (Aon Türkiye). Directly comparable on the same multi-line retail and corporate brokerage model, including affinity programs and risk advisory, and competes for the same Turkish corporate and individual clients.
• BMS Group: Independent international insurance and reinsurance broker with strong specialty and Lloyd's market access. Closely mirrors OYAK's Lloyd's broker status and specialty-lines focus on aviation, marine, energy, and credit/political risk.
• Brown & Brown: U.S.-headquartered insurance brokerage with national retail and growing specialty/wholesale operations. Comparable as a multi-carrier distribution platform layering advisory services on top of carrier-commissioned placements.
• Acrisure: Tech-enabled, rapidly consolidating global insurance broker. Comparable as a hybrid digital-and-advisory broker competing on speed of quote and customer experience — analogous to OYAK's digital-first, multi-carrier model in Turkey.
• Marsh (Marsh & McLennan): The world's largest insurance broker and risk advisor. Marsh operates globally with full reinsurance brokerage capabilities analogous to OYAK's Lloyd's/WBN-enabled model, serving the same corporate insurance buyer segments across property, casualty, energy, aviation, and cyber lines.
• Hub International: North American insurance brokerage with mid-market and specialty commercial focus. Similar multi-carrier placement model with regionally empowered teams, comparable to how OYAK serves its retail and SME segments across Turkey.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oyakgrupsigorta
• YouTubeyoutube.com/@oyakgrupsigorta
• Facebookfacebook.com/oyakgrupsigorta
• LinkedInlinkedin.com/company/oyak-grup-sigorta
• Instagraminstagram.com/oyakgrupsigorta

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OYAK GRUP SİGORTA