Turkish P&I was established to meet liability insurance requirements of Turkish maritime interests which arise under Insurance Law no. 5684, enacted on 31.12.2013. A major purpose of this law is to establish a framework which legally compels Turkish interests to carry liability insurance for risks which are deemed mandatory to be insured under Turkish Laws & Regulations. In respect of Regulation on the Establishment and Operation Principles of Insurance and Reinsurance Companies; our company applied for license from Turkish Prime Ministry Undersecretariat of Treasury General Directorate of Insurance and received the operating license on 18.02.2014.
Türk P ve I Sigorta A.Ş. is the first and only P&I insurance company established in Turkey.
Türk P&I Insurance Company is located in Istanbul. Board of Directors consists of 13 members. It is made up of 2 Board members representing A Group shareholder, 2 Board members representing B Group shareholder, 2 Board members representing C Group shareholder, 5 Board members representing D Group shareholder, 1 Board member representing Ministry of Transportation, Maritime Affairs and Communication and General Manager.
The management and service concept of the company is observing current needs of the sector to produce special solutions and products, considering the area of expertise and the risk groups of its assureds.
The Ministry of Transportation, Maritime Affairs and Communication has one representative in board of directors. With ethics and marketing strategies, Türk P&I created competitive Dynamics and diffrence in both national and international market. More than 90% of passenger vessels trading in Cabotage waters are now insured by Türk P&I.
Türk P&I, thanks to its powerful reinsurance structure and fast growing Dynamics, has raised its cover limits to USD 1 billion and has been approved by Europen Union flag states. The company provides 7/24 and worldwide service over the World, through its 370 international correspondents over 145 countries including Black Sea and many African countries.
In the past 5 years, Türk P&I has gained a great accomplishment in this specific branch and over 2500 sea vehicles are trading safely under its liability insurance umbrella.
Our company's premiums are provided by Insurance Brokers authorized by Turkish Prime Ministry Undersecretariat of Treasury.
|Common Name || Share Group || Nominal Capital Amount (TRY) || Share Amount |
| Türkiye Sigorta A.Ş. ||A, B, C ||12,500,000.00 ||1,250,000,000 |
| Omur Denizcilik A.Ş. ||D ||9.187.500,00 || 918.750.000 |
| Metropole Denizcilik ve Ticaret Ltd. Şti. ||D ||1.875.000,00 || 187.500.000 |
| Vitsan Denizcilik A.Ş. ||D ||1.437.500,00 || 143.750.000 |
|TOTAL || ||25.000.000,00 ||2.500.000,00 |