A new State-owned reinsurer, Turk Re, has been established in Turkey. The newly created company will be entrusted with the management of the natural disaster risk pool and will ensure greater premiums' retention.
The Ministry of Treasury and Finance owns 100% of Turk Re's shares. Selva Eren has been appointed general manager of the reinsurer.
Read also | New regulatory measures to boost the Turkish insurance market [4]
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[3] https://www.atlas-mag.net/en/issue/cyber-risks-insurance-against-high-technology
[4] https://www.atlas-mag.net/en/article/new-regulatory-measures-to-boost-the-turkish-insurance-market