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Dec 2022

Insurance sector ripe for growth

Source: Middle East Insurance Review | Sep 2022

The Turkish insurance market is still underpenetrated compared to its peers and will provide significant potential as new insurers set up shop and acquire a share of the relatively untapped market. While the insurance premium/GDP ratio is 7% globally, the rate is only 1.3% in Türkiye. This shows the potential of the market and that it is open to development, says the investment office of the presidency of the Republic of Türkiye’s Mr Burak Daglioglu.

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