Neova Insurance

Neova Katılım Sigorta A.Ş. was established in 2009 and is Türkiye's first participation insurance (tekâfül) company. The company operates as a 100 percent subsidiary of Kuveyt Türk Katılım Bankası A.Ş. Neova provides services in non-life insurance in accordance with interest-free insurance principles.

Neova Katılım Sigorta was established in 2009 to operate in the non-life insurance sector. Since its founding, it has offered customers products such as motor insurance, comprehensive insurance, home insurance, DASK, personal accident insurance and travel insurance, all in compliance with participation insurance principles.

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The company operates as a 100 percent subsidiary of Kuveyt Türk Katılım Bankası A.Ş. This structure ensures that the company is managed in accordance with participation finance principles.

The headquarters of Neova Katılım Sigorta is located in Şaşmaz Plaza, in the Kozyatağı neighborhood of the Kadıköy district in Istanbul.

The company operates in the non-life insurance sector. Its main products and services include:

• Motor insurance
• Comprehensive insurance
• Home insurance
• Compulsory earthquake insurance (DASK)
• Personal accident insurance
• Travel insurance

Neova provides interest-free insurance services to its customers in accordance with participation insurance principles.

Participation insurance is an interest-free insurance model based on mutual assistance. In this model, premiums paid by participants are pooled into a risk fund, and losses incurred by participants are compensated from this fund. The company conducts all its activities in accordance with these principles.