Turk P Ve I Sigorta A.S. (Turkiye)

Turk P Ve I Sigorta Anonim Sirketi is an insurance company located in Istanbul, Turkey. It was established to meet the liability insurance requirements of Turkish maritime interests under the Insurance Law no. 5684, enacted on December 31, 2013. The company obtained its operating license on February 18, 2014, after applying for a license from the Turkish Prime Ministry Undersecretariat of Treasury General Directorate of Insurance. Turk P Ve I Sigorta A.S. is the first and only P&I insurance company in Turkey. The company's Board of Directors consists of 10 members, including representatives from A Group shareholders, B Group shareholders, the Ministry of Transportation and Infrastructure of the Republic of Turkey, and the General Manager. The company's management and service concept focuses on observing the current needs of the sector to provide specialized solutions and products for its assureds. Turk P Ve I Sigorta has become a major player in the national and international market, with more than 90% of passenger vessels trading in Cabotage waters insured by the company. With a powerful reinsurance structure and fast-growing dynamics, Turk P Ve I Sigorta has raised its cover limits to USD 1 billion and has been approved by European Union flag states. The company offers 24/7 worldwide service through its network of 370 international correspondents in 145 countries, including the Black Sea and many African countries. Over the past 9 years, Turk P Ve I Sigorta has achieved significant success in the maritime insurance industry, with over 4,500 sea vehicles trading safely under its liability insurance coverage. The company's premiums are provided by insurance brokers authorized by the Turkish Prime Ministry Undersecretariat of Treasury.