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STATISTICS: TURKISH insurers' Q1 GWP dynamic affected by the TRY depreciation against euro
Turkish insurance market's GWP was of TRY 17.5 billion (about EUR 2.7 billion) in Q1 2019, ~20% up y-o-y in nominal terms, according to the preliminary data published by the local association - TSB. In European currency, the rate was negative (-7.7% y-o-y) due the depreciation registered by the local currency against euro (6.3188 TRY/EUR, March 31st, 2019 vs. 4.8673 TRY/EUR, March 31st, 2018).
6 June 2019Zurich Insurance takes care of Turkey's population
5 June 2019Turkish int'l airport opens tender for medical insurance of its employees
5 June 2019Turkey to create SDDK - the new independent Insurance Regulation and Supervision Authority
Turkish authorities are ready to set up SDDK - the new independent Insurance Regulation and Supervision Authority, according to the Minister of Treasury and Finance, Berat ALBAYRAK quoted by Middle East Insurance Review.
5 June 2019Turkish travel company launches tender for compulsory insurance of vehicles
29 May 2019Turkish municipality attracts foreign insurers via tender
23 May 2019ERGO to sell its TURKISH operations to TALANX
Hannover-based insurer TALANX informed it is expanding its activities in Turkey by acquiring the P&C insurer ERGO Sigorta.
8 May 2019TURKEY: Can Akin CAGLAR steps down as CEO of EUREKO Sigorta
Dutch insurer ACHMEA announced that Can Akin CAGLAR has decided to step down from his position as CEO of EUREKO Sigorta, Achmea's subsidiary in Turkey, as per the 10th of May 2019. He held this position for the past five years.
8 May 2019TURKEY: MTPL prices determined by driver history
The Ministry of the Treasury and Finance of Turkey added a new amendment to current MTPL Tariffs Principles Regulation, according to which insurance companies can use drivers' history to determine the final MTPL price.
2 May 2019TURKEY: Insurance agencies pool resources to cut costs
13 March 2019STATISTICS: TURKEY, FY2018: Insurance posted 17.4 y-o-y growth rate in local currency
The insurance industry in Turkey posted a growth of 17.4% y-o-y in GWP to TRY 54.6 billion (EUR 9 billion) in 2018, according to preliminary data released by the Insurance Association of Turkey (TSB).
7 March 2019Turkish municipality opens tender for compulsory vehicle insurance
3 March 2019TURKEY: The number of registered vehicles increased 2.91% by the end of 2018
According to official statistics published by The Turkish Statistical Institute, at the end of 2018 there were 22,865,921 road motor vehicles registered in Turkish territory, an increase of 646,976 units (a +2.91% change) from 2017.
21 February 2019TURKEY: Insurers urged to outsource fire risk evaluations
5 February 2019TURKEY: Insurers' profitability may be maintained despite the current currency crisis
A stagflation scenario is a highly probable in Turkey and the non-life insurance market will be impacted. On the other side, due to inflation and higher interest rates, insurers will also see higher investment income, Yilmaz YILDIZ, CEO of Zurich Insurance Turkey told the World Finance quarterly.
31 January 2019Bupa completes acquisition of Acıbadem Sigorta, Turkey's second largest health insurer
Bupa, the international healthcare company, announces it has completed the acquisition of Acıbadem Sigorta, Turkey's second largest health insurer.
31 January 2019TURKEY: Insurance comparator starts operations
29 January 2019TURKEY: SMEs reveal their views on insurance
21 January 2019TURKEY: Authorities extended the ceiling on MTPL premiums for another year
The Turkish Ministry of Treasury and Finance has extended for another year the ceiling on MTPL tarrifs.
18 January 2019Turkey:Agents' body calls for customised medical insurance pricing
27 November 2018
