The insurance sector is expected to show improved performance this year, according to an analysis by BMCE Capital Research.
The Insurance and Private Pensions Regulation and Supervision Agency (SEDDK) has increased the coverage ceiling of the Compulsory Earthquake Insurance scheme (DASK) to TRY268,000 ($36,000), 20% higher than the previous cap of TRY240,000.
Pandemic outbreak continues to appear on the Top 10 risks facing the Middle East and Africa, after becoming a new entry into these ranks in 2020, according to the Allianz Risk Barometer 2021.