PHARMACEUTICALS AND CHEMISTRY

With its developing economy, large domestic market, advanced infrastructure, qualified and competitive workforce and investor-friendly legislation, Turkey enables manufacturers operating in the pharmaceutical and chemical industry to operate profitably for many years in one of the promising and developing countries of the world.

Global chemical product sales have more than doubled in the past decade, largely driven by emerging economies that account for around 80% of chemical production capacity growth.

Chemical product sales in Turkey followed a similar trend to the global trend. With strong growth and competitive production costs supported by a dynamic domestic market, Turkey is an attractive investment destination for companies operating in the chemical industry. Turkey is also the regional production, management and export base of leading brands in the chemical and pharmaceutical industries.

As NART Sigorta ve Reasürans Brokerliği, it provides services to leading pharmaceutical and chemical industry companies and responds to the insurance needs of the sector by constantly updating its risk analyzes on a local and global scale.

MAIN THREATS AND RISKS OF PHARMACEUTICAL – CHEMICAL INDUSTRY

• The exponential increase in science and technology in the world and the lack of resources for R&D in the sector that cannot generate funds
• The negative effects of the corona virus, especially on the supply chain
• Saving measures of the public sector, which is the biggest buyer
• Increasing global competitiveness in production (eg increased capacity utilization, lower input costs)
• Instability in drug pricing and practices
• Fire risk
• Occupational diseases
• Risks arising from hazardous chemicals

INSURANCE SOLUTIONS FOR THE INDUSTRY

As NART Sigorta ve Reasürans Brokerliği, it provides the necessary resources and operational services to protect the risks you carry with our expert staff on risk consultancy.

The main risks of the sector and our main studies on these risks;

• Natural disasters, fires
• Contractual Responsibilities
• Clinical Trials
• Manager Liability Risks
• Occupational Health and Worker Safety
• Environmental risks
• Machine breakage,Electronic device
• Business interruption,
• Strikes and lockouts, Terror
• Product liability and recalls
• Employee responsibilities
• Supply Chain/raw material Risks
• Credit Risks
• Cyber Risks