Author(s): Yunus ÃZGER
The Ottoman society met the insurance sector lately. The first national insurance company was founded during the reign of Abdülhamid II in 1892 in Istanbul with the name of the Ottoman General Insurance Company. The founders were the non-Muslim subjects of the Ottoman Empire. The Company kept the same name until 1918 and offered insurance service in many fields, chiefly in the fields of transportation, fire and life insurances. The Company was negatively influenced by the World War I and the decision for its liquidation was taken in 1918. Then it was merged to another insurance company called the Ottoman National General Insurance Company, which operated for two years. With a radical decision, the name of the Company was changed to the Istanbul General Insurance Company in 1920 and continued under the same name until the declaration of republic. As its bylaw had been approved by the Istanbul Government, it was reconsidered by the new rule. By making several changes in its bylaw, the Company was continued in the Republic of Turkey. In this article, the processes of change at the Company have been studied.
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