By Muhammet Fatih Kabasakal and Esra Tekin
ISTANBUL (AA) - Alemia Insurance Company, in cooperation with Royal Karanfil Holding, started offering special insurance solutions Tuesday for Turkish companies in Libya’s construction, trade and health care sectors.
Alemia Insurance, one of the most important companies in Libya's insurance sector, has signed a strategic partnership with Royal Karanfil Holding, one of Türkiye's established investment groups, according to a statement from Royal Karanfil Holding.
With this agreement, Royal Karanfil Holding has become the Turkish representative of Alemia Insurance, marking a significant step towards offering specialized insurance solutions to Turkish companies.
Thanks to this collaboration, Turkish construction, trade and health care companies operating in Libya will be able to make their investments and operations safer.
A meeting was held in Istanbul attended by Murtaza Karanfil, chairman of Royal Karanfil Holding, and Ahmed Ashtiwi, a representative from Alemia Insurance.
Alemia Insurance, which has been operating for nearly 15 years, is known for its extensive service network covering all of Libya and is recognized as one of the reliable organizations in the insurance sector.
The company offers a wide range of insurance services, including construction site and building insurance for construction companies, goods and logistics insurance for commercial enterprises, and employee and corporate health insurance for the health care sector.
- Collaboration will provide great advantages for Turkish investors
Thanks to its expertise in local regulations in Libya, the company provides Turkish businesses in the region with reliable, comprehensive insurance solutions that comply with local regulations, making investment processes safer.
The goal of the partnership is not only to provide insurance services but also to help Turkish companies establish a stronger presence in the Libyan market.
Insurance is seen as a critical factor not only for protecting against potential risks but also for ensuring operational continuity and creating a reliable business environment for Turkish companies wishing to operate in Libya.
The partnership between Royal Karanfil Holding and Alemia Insurance aims to offer customized insurance packages that address this need, securing the growth processes of companies.
For Turkish companies planning to invest or already operating in Libya, the agreement with Alemia Insurance offers an opportunity to reduce financial risks and secure business operations.
"Alemia Sigorta's strong position in Libya and our experience in international trade will provide significant advantages for Turkish investors," Karanfil said.