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Turk Re to offer coverage of trade receivables insurance

Posted On: Apr. 10, 2023 9:58 AM CST

State-owned Turkish reinsurer Turk Reasurans AS said that it will offer reinsurance coverage for trade receivables insurance for businesses in the upper small and medium-sized enterprises segment, Middle East Insurance Review reported. Turk Re will offer reinsurance capacity against the risk of non-collection of trade receivables of businesses that have an annual turnover of more than 250 million Turkish lira ($13 million).