Company Information

Get to know Magdeburger Sigorta

With roots dating back to 1844 in Germany, Magdeburger Sigorta entered the Turkish market in 2018 under the umbrella of BOR Holding. The company focuses on leveraging technology and digital solutions to offer accessible and innovative non-life insurance products. Its mission is to be a reliable, fast, and easily accessible insurance provider, offering services such as motor, traffic, home, health, and travel insurance to its customers across Turkey.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Magdeburger Sigorta

Turkey

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

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2017

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Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.