Causes and effects of foreign capital investments in Turkish insurance sector

Looking to the insurance sector in the world, it appears that the function of the insurance sector is far beyond compensating for the damage by spreading the risk. The insurance has functions such as saving money, accumulating funds and removing concerns about future. With these functions, new investments are made, new employment opportunities arise and the level of people's social and economic prosperity increases. In short, insurance helps people become happier and more confident. Although the functions of the insurance sector are so important, Turkey's insurance sector has not reached the intended level. Compared with the insurance premium production per capita in developed countries, Turkey's premium production is seen to be far behind. Considering the history of foreign capital in the insurance sector of Turkey since the period of the Ottoman Empire seems to be a very important place. The aim of this study is to determine the situation of the foreign capital in the Turkish insurance sector.