A general evaluation on life insurance in Turkey

Year 2017, Volume: 2 Issue: 1, 29 - 37, 01.03.2017

Alaattin Firat

Abstract

Insurance is a contract that aims to compensate the insured who suffers from building, object, property or life damage as a
result of natural disasters such as fires, accidents, deaths and so on, by the insurer. In other words, it compensates for the damages and
tries to reduce the uncertainty and risks of the future.
In this study, we have studied Life Insurance in Turkey, a Middle East country whose 90% of the population is Muslim and is in the
category of developing countries.
As a result, we observe that in countries like Turkey and similar countries life insurance does not develop at the desired level due to
religious, technological and economic reasons

Keywords

Insurance, life insurance, insurance in Turkey, reasons for not developing