Magazine

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Jun 2014

Country Profile


Returning to profits

Constant regulatory action and developments in liability insurance are among the main drivers of growth in Turkey's insurance market, which turned around to be profitable last year. Mrs Burcu Ayten of Milli Re looks at why the market is still a promising one.

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Strong growth, risky business

Despite the good results and strong growth prospects in Turkey's life and general sectors, there are still several impeding factors says Ms Clara Hughes of Fitch Ratings.

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Life and pensions - A slower pace of growth

Growth may slow despite increased M&A activity this year, says Ms Evrim Koksal Arkut of Towers Watson.

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Capacity for quake risks

Mr Jürgen Brucker of Munich Re examines the drivers behind the demand for Nat CAT reinsurance capacity in Turkey, while also looking at the Turkish Catastrophe Insurance Pool (TCIP).

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The growing threat of ID theft

There is a need for greater awareness and development of more insurance products covering identity (ID) theft in Turkey and other developing countries, says Mr A Cenk Babadogan of CNK Insurance and Reinsurance Brokers.

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