FREIGHT FORWARDER LIABILITY (FFL) INSURANCE AN IMPLEMENTATION FRAMEWORK FOR TÜRKİYE

Özet

Freight Forwarder Liability Insurance, which is the subject of the study and is much needed, and currently not available as an insurance product in Türkiye. Article 19 of the Regulation on Freight Forwarders, published in 2018, requires liability insurance. This policy, which is currently needed, cannot be issued by Turkish insurance companies in accordance with the requirements. The aim of the study is to establish the general insurance conditions of the “Freight Forwarder Liability Insurance”, which is not available in Türkiye, in line with the needs of both insurance and transportation stakeholders. In line with this purpose, it is aimed to determine the common needs by taking the attitudes of insurance companies, logistics companies, insurance brokers, loss adjusters and insurance regulators. In previous similar studies, it has been seen that different country practices and national legal functioning are taken as the basis. The novelty of this study is that it is based on the joint requirements of insurance service providers and users of FFL Insurance. The structure of FFL Insurance is described. By making general terms & conditions available for insurance, insurance companies – resident in Türkiye - will be able to provide coverage for these policies and reinsurance in case needed.

Abstract

Freight Forwarder Liability Insurance, which is the subject of the study and is much needed, and currently not available as an insurance product in Türkiye. Article 19 of the Regulation on Freight Forwarders, published in 2018, requires liability insurance. This policy, which is currently needed, cannot be issued by Turkish insurance companies in accordance with the requirements. The aim of the study is to establish the general insurance conditions of the “Freight Forwarder Liability Insurance”, which is not available in Türkiye, in line with the needs of both insurance and transportation stakeholders. In line with this purpose, it is aimed to determine the common needs by taking the attitudes of insurance companies, logistics companies, insurance brokers, loss adjusters and insurance regulators. In previous similar studies, it has been seen that different country practices and national legal functioning are taken as the basis. The novelty of this study is that it is based on the joint requirements of insurance service providers and users of FFL Insurance. The structure of FFL Insurance is described. By making general terms & conditions available for insurance, insurance companies – resident in Türkiye - will be able to provide coverage for these policies and reinsurance in case needed.

Yazarlar

Hakan ÖZCAN, ibrahim UZDEMİR

Anahtar Kelimeler

Insurance, Freight Forwarder, Liability, FFL

JEL Codes

G22, K33, L90

Yayın Bilgileri

Cilt 3, Sayı 1, 2023 · Sayfa 21-32

DOI: 10.52898/ijif.2023.3

Dosyalar