The average premium for mandatory third party liability motor insurance (MTPL) fell by 24% from TRY864 (US 252) in March to TRY660 in July, since the implementation of a premium ceiling on 12 April, notes Deputy Prime Minister in charge of the economy Mehmet Simsek.

Mr Simsek says that MTPL premiums are now at a reasonable level and that measures introduced by the government have helped to resolve problems in motor insurance. Read the full story TURKEY: Average MTPL premium falls by 24% in wake of price cap