As of recent reports, Turkey’s insurance sector showcases significant growth, with 18,150 agencies and over 290,000 certified technical personnel in the industry. The history of Turkish insurance dates back 180 years, extending even before the establishment of the Republic. Currently, the sector contributes approximately 2% to the Gross Domestic Product (GDP), supporting an employment base exceeding 350,000 individuals who depend on this crucial field for their livelihoods.
Industry experts emphasize the need for the establishment of independent professional associations and unions for insurance agents, which could potentially enhance the sector’s GDP contribution to 5% while also creating additional job opportunities. These measures are deemed vital for the future of the country and highlight the importance of insurance agents having their professional associations to better protect and advance their interests.
With their expertise in reinsurance and international trade, insurance professionals in Turkey play a pivotal role in bolstering the economy and ensuring comprehensive financial protection.
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