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ARTICLE · 22 FEBRUARY 2018

Reform, Change And Challenges In Turkey's Reinsurance Market

Gün + Partners
Gün + Partners
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Gün + Partners

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Market reforms and big-ticket investments in the construction and energy sectors, especially nuclear and renewable energy, have provided enormous market opportunities for Turkey's insurance sector.

TurkeyInsurance
Gün + Partners
Gün + Partners
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Market reforms and big-ticket investments in the construction and energy sectors, especially nuclear and renewable energy, have provided enormous market opportunities for Turkey's insurance sector. A maturing SME sector, the rise of trade credit products and health insurance have all opened new possibilities for the sector. Meantime, the reinsurance market has grown at about 20% in local currency terms in 2015 even as currency pressures have exerted a negative impact. Even so, the reinsurance portfolio continues to be stable with Fire and natural catastrophes constituting 40% of the overall market. By Pelin Paysal, partner and Ilgaz Önder, associate, Gün + Partners report on the main trends.

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