Vienna Insurance Group acquires Demir Sağlık ve Hayat Sigorta

Vienna Insurance Group strengthened its presence in the Turkish market by acquiring Demir Sağlık ve Hayat Sigorta A.Ş. The acquisition transaction is expected to conclude following the completion of legal and official approvals.

Vienna Insurance Group broadened its product range in the health insurance segment and diversified its portfolio in Turkey through the strategic acquisition. Operating in the health insurance field in Turkey for over 30 years, Demir Sağlık works with more than 1,800 contracted healthcare institutions across the country.

The company offers private health and complementary health insurance as well as group health insurance solutions. With the incorporation of Demir Sağlık, VIG will also begin to have a presence in the field of health tourism. Legal and official approval processes are awaited for the completion of the transaction.