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TURKEY: 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 2018STATISTICS: TURKEY, 3Q2018: double digit growth/decrease rates depending on the currency of denomination
The Turkish insurance market ended 3Q2018 with GWP worth TRY 39.5 billion, 18.16% up y-o-y. Yet, the dramatic depreciation of the Turkish Lira against Euro has affected once again the market results denominated in European currency, translating them in a double digit negative change.
22 November 2018TURKEY: Govt to make building completion insurance mandatory for urban renewal works
19 November 2018TURKEY: Insurance regulatory chief looks to technology to transform supervisory functions
19 November 2018TURKEY: Majority of subscribers opt out from private pension system
5 November 2018TURKEY: Eight insurers among top 100 taxpaying businesses
5 November 2018New Istanbul Airport secures highest insurance coverage for a single project
31 October 2018Turkey forecast to have region's longest life expectancy in 2040
31 October 2018TURKEY: reinsurance pool to be formed under the New Economic Plan; employees' participation in the private pensions system mandatory for three years
Turkey's insurance market will see soon a new reinsurance pool being formed, according to the provisions of the New Economic Plan (YEP) aiming to ease access of the so called "risky enterprises" to insurance programs.
27 September 2018TURKEY: Istanbul Mayor's Office opens tender on compulsory insurance
26 September 2018TURKEY: November to see launch of 1st credit insurance product for SMEs
17 September 2018TURKEY: Costs rising fast in motor insurance
17 September 2018TURKEY: String of fires turns insurers more cautious
9 September 2018TURKEY: 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 2018
