Magdeburger Sigorta Strengthens Further with Capital Increase

Operating under Bor Holding since 2018, Magdeburger Sigorta's capital was increased by TL 435 million to TL 685 million.

Continuing to increase its financial strength in order to improve the effective and sustainable services it offers to its policyholders, Magdeburger Sigorta increased its capital within the scope of its growth and strengthening strategy. The company increased its total capital to TL 685 million by adding TL 435 million to its capital of TL 250 million. This reassuring capital increase draws attention as an important step towards strengthening the company's presence and consolidating its position in the sector.

Magdeburger Sigorta, which provides services throughout Turkey with its extensive agency network, aims to be among the top 10 insurance companies and to have a market share of 2.5 per cent within 5 years in line with its strategic planning.

In addition to traffic and motor insurance, Magdeburger Sigorta aims to grow in non-life branches such as complementary health insurance (PHI), critical illness insurance, transport, housing and liability insurance. With the increase in capital, Magdeburger Sigorta aims to contribute positively to customer satisfaction by further expanding the quality and scope of its services. The company, which recently became a partner of Tarsim Havuz İşletmesi A.Ş., also aims to realise production in the agricultural insurance branch.

15 Şub 2024 - 01:20 - English

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