Türkiye Sigorta A.Ş. (TURSG)

Pitch Summary: Türkiye Sigorta (TSG) is Turkey’s largest non-life insurer, created in 2020 by merging three state-bank insurers (Ziraat, Halk, Güneş) under the sovereign wealth fund. The pitch argues TSG has a structural moat from unrivaled distribution (5,200 bank branches at state banks, 3,500 PTT post offices, e-Gov integration), giving it the sector’s lowest expense/commission […]