An investment fund model similar to the Private Pension System (BES) should be created in the life insurance market in Turkiye, according to the President of the Insurance Association of Turkiye, Mr Ahmet Yasar.
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios.
Alliance Assurances has started a takaful insurance window called "Alliance Takaful" to support Islamic finance development and the public authorities' goal of promoting an inclusive financial industry.