About Us
We’re here for you with our strong capital structure and dynamic, skilled team dedicated to participation insurance!
With over 15 years of experience in the Turkish insurance sector, Neova Participation Insurance entered 2024 with a solid capital foundation, a dynamic and expert team, and the strength we draw from Kuveyt Türk Bank. We continue to set benchmarks for best practices in participation insurance and lead its development in Turkey. Our customer-focused approach drives us to operate with speed and efficiency.
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Mission
To create sustainable value for our customers and stakeholders through a technology-driven and human-centered approach to insurance.
Vision
To become a global insurance brand that inspires trust in every moment of life, focuses on innovation, and prioritizes operational excellence.
Our Values
Adhering to the core principles of participation insurance, we operate in a reliable, fair, and beneficial way for all.
These values answer the question, “Why choose Neova Participation Insurance?”
Empowering Together
We act with a mindset that supports collaboration with stakeholders and promotes societal benefits. By respecting all voices and showing empathy, we strive to meet the needs and expectations of our employees and customers.
Reliability
We fulfill our commitments to customers, employees, and all stakeholders, act with a sense of responsibility, and establish long-term relationships.
Operational Excellence
We ensure easy access to quality service, manage our processes transparently and clearly, and create simplicity, speed, and trust in our services.
Innovation
We lead the future with a structure that utilizes the latest technologies, adapts to changing customer behaviors, and continuously evolves.
Determination
We pursue our goals with perseverance and consistency, adopting a disciplined and systematic approach to work.
2009
- Turkey's first participation insurance company started to issue policies.
2011
- Sales were made through the bank channel for the first time.
2015
- Unlimited Optional Financil Liability product was developed.
- 1,000 agencies were reached.
2016
- The title of Neova Insurance was changed to Neova Participation Insurance, and the logo and corporate identity were renewed.
- Paid-in capital reached TL 500 million.
- TL 5 million worth of Neova GSYF(Venture Capital Investment Fund) was established.
2018
- Location-based risk pricing was implemented.
- 2,000 agencies were reached.
2019
- A special Personal Accident product was issued for Hajj and Umrah visits.
2020
- Entered the top 10 in the non-life insurance sector.
- Neova Katılım Sigorta became a 100% subsidiary of Kuveyt Türk Participation Bank Inc.
- The first policy sale was made through the digital channels of banks.
2021
- The title of Neova Sigorta was changed to Neova Participation Insurance, and the logo and corporate identity were renewed.
- Paid-in capital reached TL 500 million.
- TL 5 million worth Neova GSYF(Venture Capital Investment Fund) was established.
2022
- 3,000 agencies were reached.
2023
- Ranked 9th in terms of asset size.
- TL 11.5 billion in premium production.
- Private passenger car market share in motor insurance reached 5%.
Our Logos
Our logos, inspired by themes of nature and sustainability, are available in various formats for different uses.
