VIG to acquire Turkish health insurer

Vienna Insurance Group has agreed to acquire Demir Sağlık ve Hayat Sigorta from EMF Capital Partners, expanding its health insurance business in Turkey. Financial terms were not disclosed, and the transaction remains subject to regulatory approvals.

Demir has operated in Turkey for more than 30 years and works with over 1,800 contracted healthcare facilities. It offers private, supplementary and group health insurance, alongside travel insurance and health coverage for foreign nationals. The acquisition also gives VIG a presence in health tourism.

VIG has operated in Turkey since 2007 through non-life insurer Ray Sigorta and life insurer Viennalife, which together generated approximately €1.2 billion in premiums in 2025.