🌐IUC Group Introduces Diamond Services to the Turkish Insurance Market

In a pioneering step, IUC Group proudly hosted a specialized seminar in November 2022, introducing the globally renowned diamond verification and valuation company Diamond Services to the Turkish insurance sector.

Led by Joseph Kuzi and held under IUC Group’s patronage, the event brought together industry professionals to explore critical issues surrounding the insurance of high-value gemstone jewelry, particularly in home insurance policies.

🔍 Focus on Authenticity, Valuation & Certification

The seminar covered key topics such as:

• Authentication of gemstones

• Accurate valuation methodologies

• Certification protocols for insurable assets

  
  

These topics have become increasingly significant due to the rise in circulation of lab-grown diamonds, which can result in over-insurance, fraudulent claims, and coverage discrepancies if not properly identified and documented.

🌍 Global Standards, Local Insights

The seminar introduced internationally adopted practices currently in use in Hong Kong, New York, and Israel, aiming to bring these risk-reducing methodologies to the Turkish insurance market.

This insightful session marked a milestone in strengthening underwriting standards and ensuring the protection of both insurers and policyholders when it comes to valuable jewelry coverage.