Insurance Association of Turkey’s President Recep Koçak said, when evaluate 2013 in general, outcomes has been good and profitability discussions has being started to drop back.
Insurance Association of Turkey’s President Recep Koçak said, when evaluate 2013 in general, outcomes has been good and profitability discussions has being started to drop back.
Turkey insurance sector is hopefully to 2014.
Insurance Association of Turkey’s President Recep Koçak said that “Insurance sector performed positively. Damages has been paid less than past years average, when we evaluate the sector with disasters that are effect to all market like earthquakes and hurricanes.
Insurance Association of Turkey’s President and General Manager of Işık Insurance Recep Koçak shared reviews of 2013.
Recep Koçak said that the performance of 2013 will show positive effects in 2014. By looking the global market’s trends, data has good qualification.
“In the light of this information, finishing the 2013 with 22 percent increase on premiums and 24 billion Turkish Liras premium incomes are expected in the sector.”
63 billion Turkish Liras premium production in 2023
“On the other hand, premiums are under the average when we look to the gross national product (GNP). To reach insurance size, like developed countries, is possible if individuals, sector and public go through the proper channels together. In this direction, it’s could be possible to reach premium product as 63 billions TL on non-life and 16 billions TL on life insurance.” said Koçak.