Turkey
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EC report reveals fast-growing fire risk in Europe
The European Commission’s Joint Research Centre’s (JRC) report on fires in Europe, the Middle East and north Africa in 2021…
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Companies must ‘walk the talk’ as modern slavery risk escalates, warns Verisk Maplecroft
A quarter of countries have recorded a significant increase in modern slavery risk since the launch of a key tracker…
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Gallagher integrates new Turkish operation
US-based global broker Gallagher has made another step forward in its European expansion by announcing that it has fully integrated…
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Ferma urges OECD to exclude captives from BEPS tax guidelines
Ferma has urged the Organisation for Economic Co-operation and Development (OECD) to amend its coming technical guidelines designed to tackle…
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Microsoft says Russia has increased cyberattacks on Ukraine’s allies
Microsoft has detected Russian cyberattacks on 182 organisations and businesses in 42 countries supporting Ukraine since war broke out, as…
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Turkish insurers under severe strain in 2022-2023, says Fitch
The Turkish insurance industry is facing one of its most challenging operating environments of the past decade, according to Fitch…
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Aegon concludes sale of Turkish business
Dutch insurer Aegon has continued the divestment of its European subsidiaries with the completion of the sale of its Turkish…
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Ferma and Commercial Risk launch European Risk Management Awards 2022
Commercial Risk and Ferma have announced the launch of this year’s European Risk Management Awards, which returns as a physical…
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Europe’s insurers saw premiums and claims rise in 2020, says Insurance Europe
Europe’s insurers paid claims and benefits of €2.8bn per day in 2020, up from €2.7bn per day in 2019, according…
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Turkish policyholders and insurers urged to take fresh look at cyber cover
Turkish risk and insurance managers have been urged to take a fresh look at their cyber insurance coverage, following the…
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Turkey’s general insurance industry set for growth, says GlobalData
Credit expansion and government stimulus programmes are expected to drive growth in Turkey’s general insurance industry, which is expected to…
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Eastern Europe braced for knock-on global insolvency risk, warns Atradius
Insolvency risk is likely to rise for eastern European businesses next year as governments withdraw Covid-19 fiscal measures, with 39%…
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Turkish insurance industry’s premiums set to jump 20% this year
Turkey’s insurance industry is predicted to post total premiums of TRY100bn ($9.4bn) this year, said Mr Turker Gursoy, chairman of…
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WTW names new leaders in Turkey as part of expansion plans
Willis Towers Watson (WTW) has appointed Mehmet Ertan Özay as head of Turkey and Vahap Karatekin as head of its…
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Gallagher acquires majority stake in Turkish broker
Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. Brokers’ House has been one…
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Global insurtech funding in 2021 already higher than any other year
Global investment in insurtech stood at $7.4bn at the halfway stage of 2021 and has already surpassed the total for…
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Economic resilience won’t fully recover this year after 18% drop in 2020, says Swiss Re
Global macroeconomic resilience receded by 18% in 2020, damaged by the impact of Covid-19, according to Swiss Re Institute’s Resilience…
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BMS launches in Turkey and targets regional expansion
Specialty (re)insurance broker BMS has launched in Turkey as part of plans to expand in the wider region. The new…
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Swiss Re warns of ‘urgent’ threat to biodiversity
Swiss Re has said one fifth of countries are at risk of their ecosystems collapsing and called for “urgent action”…
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Vienna Insurance Group acts on its sustainability commitment
Austrian insurer Vienna Insurance Group (VIG) has updated its underwriting policy for coal power plants, stating: “If no credible exit…