Gökhan Özakıncı, a board member of the Insurance and Reinsurance Brokers Association (SBD) and chairman of the Financial and Economic Affairs Committee, discussed the implications of the recent wildfire disaster in Los Angeles on the insurance sector in Turkey. In his remarks to İHA, Özakinci highlighted the potential for increased demand for fire insurance in the wake of such catastrophic events, emphasizing the need for strengthened coverage options to mitigate risks. He noted that global incidents like these have a ripple effect, prompting insurers to reassess their strategies and coverages to better serve the market’s evolving needs. As fire-related incidents become more frequent, adapting to these changes will be crucial for the insurance industry’s growth and stability in Turkey.
