Singapore's Igloo expands beyond Asia Pacific with Turkey's Sigortayeri partnership

Turkey’s insurance penetration was 2.62% of GDP at the end of 2025. TechNode Global reported Igloo’s first move outside Asia Pacific: a personal cyber product with Sigortayeri, Aktif Bank’s insurtech arm, sold through the N Kolay app’s eight million users. Igloo Co-Founder and CEO Raunak Mehta said: “We expect Turkey to be the first of several markets for us across the Middle East, Central Asia and North Africa.”