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 [4]