TURKEY: Authorities extended the ceiling on MTPL premiums for another year

18 January 2019 — Andrei Victor
The Turkish Ministry of Treasury and Finance has extended for another year the ceiling on MTPL tarrifs.

The Ministry's decision was published in the Official Gazette dated 4 January 2019, informed Middle East Insurane Review.

The application of a ceiling on premiums with effect from 12 April 2017 - is applied on premiums charged on high risk drivers, including drivers of cabs, minibuses, commercial buses and, following vehicle owners' complaints over large premium hikes in 2015 and 2016.

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