Türk Nippon

🚨 Türk Nippon Sigorta Boycott Reasons

Türk Nippon Sigorta A.Ş. is a Turkish non-life insurance company founded in 1991 as a partnership between Turkish Development Bank and Japan's leading insurance company Nippon Fire & Marine, headquartered in Istanbul, Turkey. 99.98% of the company's shares are directly owned by Harel Insurance Investments and Financial Services Ltd., israel's largest insurance and financial group. Harel Group is israel's largest insurance and financial group with 70 years of experience and approximately 18.5% market share. Türk Nippon Sigorta has operated with the backing and power of Harel Group since 2008. According to reports documented by Who Profits, Harel Group routinely finances and insures construction projects in illegal settlements in the occupied West Bank. Harel is also involved in the exploitation of natural resources from occupied Palestinian and Syrian lands. Every insurance policy underwritten through Türk Nippon Sigorta indirectly provides resources to this occupation economy.

Key Boycott Drivers:

1. 99.98% Ownership by israeli Harel Group: 99.98% of Türk Nippon Sigorta's shares are directly owned by Harel Insurance Investments and Financial Services Ltd., israel's largest insurance and financial group. All commercial profits and premium revenues generated by the company are transferred directly to the Tel Aviv-based Harel Group. Harel Group is israel's largest insurance and financial group with 70 years of experience and approximately 18.5% market share. Türk Nippon Sigorta has operated with the backing and power of Harel Group since 2008.Türk Nippon Sigorta: Capital Structure Report — 99.98% Harel Insurance Investments and Financial Service (2012)Türk Nippon Insurance At A Glance — Harel Group, one of israel's largest financial groups (2026)Harel Group: Our Story — operates in Turkey via Turk Nippon (2026)
2. Harel's Financing and Insurance of Illegal Settlement Construction Projects: According to reports documented by Who Profits, Harel Group routinely finances and insures construction projects in illegal settlements in the occupied West Bank. In 2021, Harel subsidiary Gamla Harel provided loans or insurance to construction companies for the construction of 693 housing units in an illegal israeli settlement. Harel is also part of a consortium that financed the expansion of the Jerusalem Light Rail, a rail system that connects illegal israeli settlements in occupied East Jerusalem with the western part of the city and entrenches the occupation. Harel is also a partner in the israel Infrastructure Fund, which supports infrastructure projects in and around illegal settlements. These activities demonstrate Harel's central role in financing the occupation economy.Who Profits: Harel Insurance Investments and Financial Services (2026)Investigate.info: Harel Insurance — Financing and insuring construction projects in illegal settlements (2026)Who Profits: Insuring Dispossession — Harel, Gamla Harel, and settlement financing (November 2022)
3. Participation in Natural Resource Exploitation in Occupied Territories: Harel is also involved in the exploitation of natural resources from occupied Palestinian and Syrian lands. Harel financed the construction of the Emek Habacha wind farm located in the occupied Golan Heights, which became operational in 2022. The project is owned and operated by the israeli company Enlight Renewable Energy. Harel also holds a 5.88% stake in Tera Light, an israeli company involved in establishing a solar energy field and illegal settlement agricultural cooperatives in the occupied Jordan Valley. These investments directly contribute to the exploitation of natural resources in occupied territories by israel.Investigate.info: Harel Insurance — Golan Heights wind farm and Tera Light stake (2026)Who Profits: Insuring Dispossession — Harel, natural resource exploitation in occupied territories (November 2022)

👉 Parent company: View Master Harel Profile.

🌐 Sources

• Türk Nippon Sigorta: Capital Structure Report — 99.98% Harel (2012)
• Who Profits: Harel Insurance Investments and Financial Services
• Investigate.info: Harel Insurance — Settlement financing and natural resource exploitation
• Who Profits: Insuring Dispossession Flash Report (November 2022)
• Türk Nippon Insurance At A Glance — Harel Group partnership