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TURKEY: BUPA to enter the local health insurance market through ACIBADEM Sigorta acquisition
BUPA, the international healthcare company, announced that it has agreed to acquire Turkey's second largest health insurer, ACIBADEM Sigorta, subject to regulatory approvals.
5 September 2018STATISTICS: TURKEY, 1H2018: Insurance industry increased by one fifth to EUR 5.2 billion
The preliminary half-year market figures published by the local insurance association (TSB) shows the insurance sector in Turkey generated total premiums of TRY 27.87 billion (EUR 5.24 billion), an increase of 20.5% y-o-y. After considering inflation, real growth in the sector was 4.4%.
5 September 2018TURKEY: Half of total housing with quake insurance located in high-risk region
4 September 2018TURKEY: Unstable economy and weak lira hit insurers
25 August 2018TURKEY: MILLIMAN continues global expansion, setting up a new office in Istanbul
MILLIMAN, a premier global consulting and actuarial firm, has announced that it is expanding to Istanbul amidst growing demand for MILLIMAN's consulting services in the region.
6 August 2018TURKEY's ministry to insure vehicles via tender
29 July 2018TURKEY: Carrier liability insurance made mandatory for freight forwarders
17 July 2018Turkey:Agencies generate 64% of non-life business
7 July 2018Turkey: BMS to expand its ops with local counterpart
The independent re/insurance broker BMS Group Limited (BMS) said it has entered into a tied representative agreement with Turkish specialist re/insurance broker RONESANS Reasurans ve Sigorta Brokerlik A.S. (RONESANS).
28 June 2018STATISTICS: Turkey 1Q2018: the insurance sector continued its impressive growth
The quarterly figures from the Turkey Insurance Association revealed that the local insurance market reached TRY 14.6 billion (EUR 3 billion) at the end of March 2018, up by 17.6% y-o-y.
28 June 2018Fiba Emeklilik ve Hayat A.S's Acquisition of Groupama's private pension portfolio
13 June 2018A Turkish operational leasing firm acquired MAGDEBURGER Sigorta
Turkish operational leasing company BORLEASE Otomotiv acquired MAGDEBURGER Sigorta, a non-life small insurer owned by two local units of German group ALLIANZ: the non-life unit ALLIANZ Sigorta (80%) and the life and pension company ALLIANZ Yasam ve Emeklilik (20%).
7 June 2018TURKEY: Credit insurance pool being planned for SMEs
5 June 2018TURKEY: New quake maps will affect insurance tariffs
The Turkish Catastrophe Insurance Pool (TCIP) is updating earthquake maps, the outcome of which will affect compulsory earthquake insurance tariffs, says the organisation's president Mr Murat Kayaci.
17 May 2018TURKEY: Generali and Turkish Post joins forces
Turkish Post and Telegraph Organization (PTT) and Italian insurer Generali will form an insurance company that will also offer individual pension plans.
26 April 2018STATISTICS: TURKEY, FY2017: MTPL experienced a technical loss of about EUR 120 million
Total insurance premiums in Turkey reached TRY 46.5 billion (EUR 10.3 billion) in 2017, 15% up y-o-y, according to data from the Turkey Insurance Association (TSB). Due the depreciation of Turkish lira against Euro by about 20%, the nominal change in European currency was negative (-5.5%).
19 April 2018TURKEY's energy company opens tender for risk insurance services
19 April 2018TURKEY: HDI Sigorta Selects the Sapiens Non-Life/General Insurance Suite
19 April 2018TURKISH State Railways to buy insurance policies via tender
19 April 2018HOWDEN to acquire majority stake in Turkish broker ACP
HOWDEN, part of HYPERION Insurance Group, announced that it has entered into an agreement to acquire a majority stake in Turkey largest independent re/insurance broker ACP from private equity fund MEDITERRA CAPITAL and existing management shareholders.
12 April 2018
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