Ahmet Yaşar, President of Maher Holding Insurance Group and Vice President of the Turkish Insurance Association (TSB), emphasized the urgency of addressing the taxation issues related to completion insurance for buildings. He stated, “We seek fairness in taxation. This must be ensured. There will be no loss of tax revenue for the government, as the tax is currently non-existent due to the financial burdens it creates, leading to operations being diverted to banks.”
Yaşar highlighted the necessity of building completion insurance as part of an effective strategy for urban transformation, particularly in light of the anticipated Marmara earthquake. He noted that there are 1.5 million risk-prone buildings in Istanbul, with 600,000 requiring immediate intervention and an additional 200 buildings needing immediate demolition. “We are witnessing buildings collapsing without earthquakes, indicating that they cannot withstand seismic activity. Therefore, our primary concern is the earthquake, and the solution lies in urban transformation,” he added.
