While construction industry continues to grow as one of the driving forces of Turkish economy, Chubb offers insurance solutions to the most important construction projects in Turkey as one of the world’s largest publicly traded property and casualty insurer and one of the global leaders of construction and engineering insurance.

Emre Buğday, Country President of Chubb Turkey, says: “According to the ‘Construction in Turkey: Key Trends and Opportunities to 2022’ report, Turkey’s construction industry grew by 5.83 percent between the years of 2013 and 2017. Especially infrastructural investments in transportation, housing and energy, as well as investments in the 10th Development Plan have been the triggers of this progress. Chubb offers special and flexible insurance solutions for infrastructure and superstructure projects ranging from highways to dams and bridges. We are one of the insurance companies that provided protection for the Third Bridge, Çanakkale Bridge, and Northern Marmara Highway. Chubb has the necessary technical capability and financial strength to insure such huge projects.”

Turkish companies are insured abroad
As a brand of 130 years old, Chubb is one of the most experienced global brands in engineering and construction insurance. The company offers protection for large multi-regional projects as well as individual entrepreneurs with its integrated risk management solutions, while offering the best coverage to address the customer requirements.
Buğday continues: “In addition to its services in Turkey, Chubb provides insurance and reinsurance solutions in many countries where Turkish constructors operate. We provide insurance against sudden and unexpected risks for constructions and facilities that have been built with great effort and labor under an extensive protection coverage, both during the construction and installation phases and post go-live phases. We also offer local solutions to projects in other countries where different risks and regulations may apply.”

One of the biggest product ranges
Stating that ‘Construction in Turkey: Key Trends and Opportunities to 2022’ report also underlines construction industry will continue to grow from 2018 to 2022, Chubb Turkey’s country President Emre Buğday adds: “The report emphasizes that 5 thousand 300 kilometers of highways are planned to be completed until 2023, and that giant construction projects have a total potential of 1.34 trillion TL, 58 percent of which comes from the projects that are already under construction. It means that this industry will continue to play a key role for Turkish economy in the coming years. Chubb is proud to serve engineering and construction industry, therefore Turkish economy, with our experience and insurance solutions.”

Chubb owns one of the largest product portfolios in the global insurance market, offering more than 200 different commercial and individual insurance and reinsurance products, and adapts them to fit the needs and demands of customers in Turkish market.