Textile Industry and Insurance Solutions
The textile and ready-made clothing industry is one of the top-priority sectors for our country, also for many other countries in the economic development process, due to the added value it creates in the world’s production process and its high share in export revenues. Turkey’s textile exports increased by 9.2% in the first quarter of 2014 compared to the same period of 2013 and reached 2.3 billion dollars. The export increase of the textile industry is slightly higher than the general export increase of Turkey (6.2%).
All the stakeholders of the industry are investing heavily in innovation, brand and technology in order to reach the vision targets of the sector in 2023. With this strategic roadmap, it is predicted that the textile industry will take a great leap forward and reach its export target of 20 billion dollars in 2023.
Our Insurance Solutions
In these competitive and challenging market conditions, the existence of effective risk management systems is inevitable for each of the textile, ready-made clothing, leather, yarn and fiber main industry and sub-industry facilities and wholesale/retail stores in the textile industry, each of which has its own unique and complex risks.
- Acquisitions & mergers and investments
- Occupational Health and Safety
- Environmental risks
- Natural disasters and fires
- Machine failures
- Electronic devices
- Business interruptions, strikes and lockouts
- Demand/market contractions
- Product liability and recalls
- Employee liabilities
- Supplier chain/raw material risks
- Loan risks
Our Experience
As Telesure Insurance, we stand by you with the strength of our global network, experienced risk management team and consultancy experience in this industry, which is highly competitive and open to variable risks.
We regularly follow the developments, risk and opportunity areas, legal changes, and future scenarios in Turkey and the world, and make use the data we obtain to support your business unconditionally.
Our Telematrix ® Program
Telematrix is a “Risk Management System” managed through software tailored to our company.
A comprehensive insurance policy covers your financial losses in case of a risk. This is a “Necessary Condition” that provides strategic future assurance for your business. You can achieve the “Sufficient Condition” only with a “Risk Management” program that is designed and implemented correctly.
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