Uğur Gülen, the President of the Turkish Insurance Association (TSB), appeared on EkotürkTV’s “Gün Ortası” program hosted by Tuba Aşıcı, where he evaluated the performance of the insurance sector in the first half of the year and addressed current issues. He emphasized that the sector is entering a critical period concerning profitability. He noted that with declining inflation, premium increases will slow down, while financial income is expected to decrease. Additionally, he highlighted the substantial rise in general expenses driven by high inflation, which has significantly elevated costs beyond typical levels.
Gülen also provided insights into various topics, including the implementation of a free tariff system in traffic insurance, the current status of the Individual Retirement System, updates on the Complementary Pension System, potential impacts of the anticipated Marmara Earthquake, and developments regarding the overarching Insurance Law. For further insights and detailed discussions, viewers are encouraged to check out the full program online.
