The Turkish general insurance market made a profit of USD 357m (EUR 260m) in 2013 after four years of poor results. The improvement was driven by hardening rates in motor pricing, a reduction in reserve strengthening and improved investment returns.Fitch Ratings said in a report that the Turkish insurance market is growing strongly, driven by economic growth, favourable demographics, urbanisation and an expanding middle class.

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TURKEY's general insurance market shows improvement