Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 19th of April 2018
June 29, 2011

Lloyd’s embarks on Turkey mission

by Gill Montia

Story link: Lloyd’s embarks on Turkey mission

Lloyd’s is organising a fact-finding mission to Turkey in July, to explore the market’s potential from a direct insurance perspective.

The country is experiencing rapid economic development and over 40 underwriters and brokers are signed up for a visit to the “exceptional emerging market”.

According to Lloyd’s head of southern and eastern Europe and Africa, Enrico Bertagna: “Unmoved by political turmoil elsewhere in the region and shielded from the eurozone debt crisis, Turkey is in a coveted position as the recipient of growing foreign investment.”

He adds: “From an insurance and financial services perspective it is positioning itself as a hub for the rest of the region.”

Mr Bertagna sums up: “The economy is performing very well and outperforming most of the economies in the world … when you have an economy that is growing so much, business gets more sophisticated and the demand for insurance grows.”

 

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