Turkiye
TURKEY: 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 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 2018
