News Middle East25 May 2017

Turkey:Auto premium caps to hit insurers' profits

25 May 2017

The Turkish non-life insurance sector is likely to return to a loss this year, hit by the introduction of premium caps on motor third-party liability (MTPL) policies and rising inflation, Fitch Ratings says. The sector's capital adequacy will also continue to weaken, mostly affecting smaller local insurers that cannot rely on parental support.

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