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Turkish Insurance Industry Market report is a comprehensive study of the insurance sector of Turkey.The report covers various segments of insurance from life, property, health to motor, marine, aviation and also analyzes the latest market trends.
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Summary • The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Turkey, including: • An overview of the insurance regulatory framework in Turkey. • Key regulations and market practices related to different types of insurance product in the country. • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Turkey. • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
Scope • The report covers details of the insurance regulatory framework in Turkey. • The report contains details of the rules and regulations governing insurance products and insurance entities. • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country. • The report provides details of taxation imposed on insurance products and insurance companies.
Key Highlights • The Turkish insurance industry is regulated by the Undersecretariat of Treasury. • The Turkish insurance industry allows 100% foreign direct investment. • The life and non-life insurance businesses in Turkey are regulated by the provisions of the Insurance Law 2007. • The motor third-party liability insurance, liability insurance of a carrier to the passenger of the aircraft, and third-party liability insurance for hazardous activities are compulsory classes of insurance
Related Report • Governance, Risk and Compliance - The Turkish Insurance Industry • Global Enterprise Governance, Risk and Compliance (EGRC) Market Research Report 2019-2023 • Europe Enterprise Governance Risk And Compliance Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast • North America Enterprise Governance Risk And Compliance Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast
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