Turkish insurance industry's volume to grow by 10% in 2016: Minister

Posted On: Feb. 1, 2016 12:00 AM CST

Mehmet Simsek, Turkey's Deputy Prime Minister, has said that the total insurance premiums of the nation's insurance industry would grow by 10% year on year to 34.1 billion Turkish lira ($11.5 billion) in 2016, reports Middle East Insurance Review citing Reuters.

The insurance sector's premium volume increased 19% year on year in 2015, said Mr. Simsek.