Turkish Insurance News

Takaful data disclosed separately for the first time

Takaful data disclosed separately for the first time

The Insurance Association of Turkey (TSB) has announced for the first time data related to takaful or participation insurance, showing that total contributions generated in the segment amounted to TRY...

Korean insurers turn to hybrid securities to boost capital

Korean insurers turn to hybrid securities to boost capital

Demand for hybrid securities among insurers in Korea is on the rise, ahead of the introduction of the new global accounting and stricter local capital standards in 2021. Among the firms rushing to iss...

Gizem TURKELI; Turkey Insurance Market Today…

Gizem TURKELI; Turkey Insurance Market Today…

In Turkey insurance market is really controversial and difficult to ensure stabile maintenance. Because although it seems there are only two players in comparison to  the other countries’ system:  age...

Turkey insurance market grows

Turkey insurance market grows

Data from the Turkey Insurance Association has shown that total insurance premiums in the country reached US$12.3 billion last year. This represents growth of 15 per cent compared with 2016 (and real ...

27 pct of Turkey’s population live in high-risk earthquake areas: Deputy PM

27 pct of Turkey’s population live in high-risk earthquake areas: Deputy PM

Some 27 percent of Turkey’s population live in areas that carry the highest earthquake risk, Deputy Prime Minister Recep Akdağ said on March 1. “Some 26 of all buildings are also located in those area...

AXA buys Bermuda-based XL for $15 bln in latest insurance mega-deal

AXA buys Bermuda-based XL for $15 bln in latest insurance mega-deal

France’s AXA moved to buy Bermuda-based XL Group for $15.3 billion on March 5 to create what it said would be a world leader in property and casualty insurance. Europe’s second-biggest insurer offered...

Hack{IT}Over at Talanx: insurer hosts hackathon in Hannover

Hack{IT}Over at Talanx: insurer hosts hackathon in Hannover

Talanx is still pressing ahead with digitalisation: the insurer is hosting hackathon Hack{IT}Over in Hannover from 27 to 29 April. The atrium of Talanx’s head office at HDI-Platz 1 will become a meeti...

ERGO and IBM agree on life portfolio management partnership

ERGO and IBM agree on life portfolio management partnership

ERGO will migrate the management of its book of six million traditional life insurance contracts to a new, state-of-the-art IT platform. The migration takes place in cooperation with IBM Deutschland G...

Generali Approves climate change strategy. It will divest € 2 Billion from coal

Generali Approves climate change strategy. It will divest € 2 Billion from coal

€ 3.5 billion in new green investments by 2020 Increase the offer of products with environmental value Dialogue with stakeholders to facilitate the transition to a society with low environmental impac...

AXA has completed the acquisition of Maestro Health

AXA has completed the acquisition of Maestro Health

AXA announced today that it had completed the acquisition of Maestro Health, Inc. (“Maestro Health”). This acquisition reflects AXA’s continued strong focus on the health business and supports its Pay...

Solmaz Altin to become board member of Allianz Asia in June 2018 and to take over as Regional CEO in 2019

Solmaz Altin to become board member of Allianz Asia in June 2018 and to take over as Regional CEO in 2019

Solmaz Altin (44), currently the Chief Digital Officer of Allianz, will join the Allianz Asia Executive Board from June 1, 2018 and will succeed George Sartorel (60) as Regional CEO effective May 1, 2...

Turkey:Vision 2023 projects hailed as boon to insurance sector

Turkey:Vision 2023 projects hailed as boon to insurance sector

Turkey retains its attractiveness to foreign investors in the insurance sector because of energy, infrastructure and other new projects undertaken or planned in line with the government’s 2023 V...