Around 20m comprehensive automobile insurance quotations are given annually, of which 8.5m were subsequently converted into purchases, according to the Insurance Association of Türkiye's (TSB) vice president Ahmet Yasar who is also president of Maher Holding Insurance Group.
Türkiye's second-hand automobile market is the dynamo of the motor insurance sector because its ecosystem has a volume seven times larger than the new-vehicle market, according to Quick Finans General Manager Nihat Karadag.
The first phase of the "E-Government/My Private Insurance" project has been completed successfully. The project involves setting up a platform to provide fast, easy and effective insurance access and transactions.
Businesses have ranked political risks and violence as a top 10 global risk for the past three years, according to the "Allianz Risk Barometer 2025" demonstrating that it has become a key concern for companies of all sizes. According to a new report from Allianz Commercial, civil unrest ranks as the biggest concern for more than 50% of company respondents globally, reflecting the fact that incidents are increasing and lasting for longer.
The Turkish government is preparing to introduce long-term care insurance for the elderly to ensure the sustainability of the social security system and to meet the needs of the rapidly ageing population.
Motor insurers are under cost pressure in motor third-party liability insurance (dubbed traffic insurance) as losses continue to increase in the branch, according to the vice president of the Insurance Association of Turkiye (TSB), Mr Ahmet Yasar.
The insurance industry is projected to increase total premiums by 35-40% in 2025, as inflation slows, according to data from the Insurance Association of Turkiye (TSB).
The Insurance Association of Türkiye (TSB) has published a 'Sustainability Guide' specifically for the insurance sector to support environmental, social and governance (ESG) transformation.
The arrest and imprisonment of opposition politicians last week could pose a risk to confidence in Türkiye's economy and the stability of the exchange rate, says S&P Global Ratings (S&P) in a bulletin released yesterday.
The Insurance Association of Turkiye (TSB) has drawn up an Earthquake Insurance Reform Agenda to strengthen the country's readiness to face quake risks after the devastating 6 February earthquakes in 2023.