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Turkiye tag returned 450 results

  • Turkiye: Number of traffic accidents rises by 4% in 2022

    The number of traffic accidents reported in Turkiye increased by 3.9% to 1.23m in 2022 compared to 2021, according to data released by theTurkish Statistical Institute.

    Middle East | 28 May 2023
  • Turkiye: Several reinsurers announce 6 Feb quake losses

    Several global reinsurers have reported estimated losses arising from the devastating earthquakes in Turkiye on 6 February, as they released their 1Q2023 financial statements.

    Middle East | 25 May 2023
  • Turkiye: Motor insurance premiums soar

    A comprehensive motor insurance policy with a premium of TYR5,000 ($252) on average in 2022 now costs around TRY15,000. A motor third-party liability traffic insurance policy, which cost around TRY1,200 last year could cost about TRY3,000 this year, according to a report by the national television network, NTV.

    Middle East | 22 May 2023
  • International broker Howden to establish hub in Turkiye

    International insurance broker Howden Broking Group is working to establish a hub in Turkiye which will manage business in the Caucasus, Turkic republics and Commonwealth of Independent States countries, according to Mr Atinc Yilmaz, the group's regional CEO pf Turrkiye, Middle East and Africa.

    Middle East | 10 May 2023
  • Turkiye: Nuclear plant insured for nearly US$800m

    Akkuyu Nuclear Power Plant (Akkuyu NPP), billed as Turkiye's first nuclear power plant, is insured for nuclear liability risks for EUR700m ($773m).

    Middle East | 09 May 2023
  • Turkiye: Estimated insured loss from 6 Feb quakes rises to over US$4.4bn

    The insured loss estimate for the Kahramanmaras Earthquake Sequence of 6 February 2023, which devastated large parts of south-central Turkiye and neighbouring Syria, has been increased to TRY86.4bn ($4.43bn), says PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data.

    Middle East | 07 May 2023
  • Turkiye: Number of residential units covered by quake insurance jumps significantly

    The number of residential properties that are covered by compulsory earthquake insurance offered by the Turkish Catastrophe Insurance Pool (TCIP) now exceeds 11.75m, following the 6 February massive Kahramanmaras-centred earthquakes.

    Middle East | 04 May 2023
  • Turkiye: Milli Re posts high nominal net profit for 2022

    Milli Re has posted a net profit of TRY889m ($45.7m) for 2022, a 62% surge over 2021, according to the reinsurer's 2022 annual report published last month.

    Middle East | 02 May 2023
  • Turkiye: Work underway for CAT pool to cover all natural disasters

    Efforts to include floods in the scope of coverage of the Turkiye Catastrophe Insurance Pool (TCIP) have accelerated, with the Pool expected to start covering all disasters in the second half of this year.

    Middle East | 30 Apr 2023
  • Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June

    The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% of all claims, including from corporate clients, arising from the 6 February Kahramanmaras-centred earthquakes.

    Middle East | 20 Apr 2023