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Turkey tag returned 185 results

  • Turkey: June floods cause estimated insured losses of around US$5.5m

    The total damage suffered in heavy floods in several parts of the country in June is estimated at about TRY38m ($5.54m), Mr Atilla Benli, president of the Turkey Insurance Association (TSB), has said.

    Middle East | 08 Jul 2020
  • Turkey: Insurance sector posts 65% surge in technical gains in 1Q

    The Turkish insurance market reported total underwriting profit of TRY2,731m ($399m) for 1Q2020, 65% higher than the TRY1,651m chalked up for the corresponding period last year, according to data released by the Insurance Association of Turkey.

    Middle East | 02 Jul 2020
  • Turkey: Milli Re has strong investment gains

    Milli Re has a track record of strong investment earnings, which have underpinned a five-year weighted average return on equity of 16% (2015-2019) that reflects in part high inflation in Turkey, notes AM Best.

    Middle East | 28 Jun 2020
  • Turkey: Insurance business shows robust growth in first 5 months despite COVID-19

    Insurance premiums surged by 15.9% to TRY33.1bn ($4.8bn) for the first five months of this year, compared to the corresponding period last year, despite the economic difficulties caused by COVID-19, Turkey Insurance Association (TSB) has announced.

    Middle East | 24 Jun 2020
  • Turkey: Milli Re posts 12% increase in net profits in 2019

    Milli Re's net profits amounted to TRY313m ($46m) for 2019, 12.3% higher than in 2018, according to the reinsurer's 2019 annual report.

    Middle East | 18 Jun 2020
  • Turkey: Milli Re outlines opportunities in insurance market

    In line with higher level of awareness about rights and obligations and the increased tendency to resort to litigation in society, demand for liability insurance is expected to expand in Turkey, says Milli Re in its 2019 annual report.

    Middle East | 17 Jun 2020
  • Turkey: Number of the obese exceeds 21% of total population

    The proportion of obese individuals, aged 15 and over, in Turkey increased to 21.1% in 2019 from 19.6% in 2016, according to data released by Turkey Statistics Institute (TurkStat).

    Middle East | 14 Jun 2020
  • Turkey: Road accidents and fatalities fall in number in 2019

    Turkish roads saw 1.17m motor accidents last year, a number which was 5% lower than in 2018, according to data published by the government agency Turkey Statistics Institute (TurkStat).

    Middle East | 02 Jun 2020
  • Turkey: Anadolu Sigorta improves financial performance

    Anadolu Anonim Turk Sigorta Sirketi's financial performance improved in 2019 and during 1Q2020, with a return on equity (ROE; including equalisation provision) improving to 19% at end-2019 (2018: 17%), above the 2019 average inflation of 12% in Turkey (2018: 20%), and net profit increasing 21% year-on-year at end-1Q2020, notes Fitch Ratings.

    Middle East | 01 Jun 2020
  • Turkey: Participation bank takes over takaful company

    Istanbul-headquartered participation bank Kuveyt Turk has acquired the 93% stake in takaful company, Neova Sigorta, that it did not previously own.

    Middle East | 07 May 2020