New regulatory measures to boost the Turkish insurance market

According to KPMG, Turkey should take further new regulatory measures to boost its insurance market. The latter suffers a decrease in revenues due, among other things, to a reduction in car sales and therefore a decrease in the underwriting of insurance policies.

To revive the market the audit firm suggests:

• the establishment of a national reinsurance programme
• the restructuring of the private pension system
• the development of complementary health insurance

Rrad also | Turkish Insurance market results