Turkey: Generali and Turkish Post join forces to offer pension plans
Source: Middle East Insurance Review | Jun 2018
Turkish Post and Telegraph Organization (PTT) and Italian insurer Generali will form an insurance company that will offer individual pension plans.
With an equal partnership, Generali will cover the initial financing and capital, while PTT, which has 4,500 branches across the country, will be the agent of the new company, according to a report in Daily Sabah.
PTT has been operating in the insurance sector through a subsidiary called PTT Sigorta, which works like a broker or agency for insurers and sells their products. Generali has been operating in Turkey for more than 100 years under the name Generali Sigorta. M