Özgür Obalı, the General Secretary of Türkiye Sigorta Birliği (TSB), appeared on the Sigorta Masası program hosted by Selçuk Altun on the EKONOMİ newspaper’s YouTube channel. During the discussion, Obalı provided insights about the upcoming 13th Insurance Week, scheduled for September 30 to October 6, 2024. He emphasized that the celebrations are designed to enhance public focus on insurance, integrate it into daily life, and increase both penetration rates and awareness within the sector.
Obalı noted that insurance penetration has improved over the past decade, rising from 1.5% to 2.5% when compared to gross domestic product (GDP). However, he highlighted that this progress is insufficient when matched against countries of similar economic stature; while Turkey ranks 18th worldwide in economic size, its insurance sector is only 38th in size. He expressed concern over this disparity, seeking to keep insurance on the national agenda, particularly through initiatives like Insurance Week aimed at fostering greater public engagement and understanding of insurance.
