Reference Sigorta General Manager Oğuz Karahançer evaluated the damage applications after the flood disaster in Istanbul and the current developments in the insurance sector.
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The recent flood disaster in Istanbul initiated a serious damage compensation process in the insurance industry.
Participating in the Insurance Page program broadcast on Habertürk TV, Hedef Sigorta General Manager Oğuz Karahançer said that after the flood disaster in Istanbul, there were approximately 10 thousand damage applications to insurance companies and the resulting damage was 11.9 billion lira.
Underlining that the increase in energy costs causes inflation, Hedef Sigorta General Manager Oğuz Karahançer pointed out that, however, due to high fuel prices, people drive less and therefore accidents decrease. Karahançer argued that improving roads and increasing traffic fines were also effective in reducing accidents. Noting that insurance companies increased their insurance prices less due to decreasing accidents and competition, Karahançer stated that the limited increase in foreign currency also ensured that the insurance price increase remained lower.
65 MILLION HEALTH CAN BE INSURED
On the other hand, Karahançer noted that freight prices have increased due to the increase in transportation insurance, and underlined that inflation has increased and even access to food has become difficult for this reason.
Speaking about the development in complementary health insurance, Karahançer stated that the complementary health insurance, which is in great demand from the citizens, can be targeted to reach 65 million people and said, "There are 32 million employees in Türkiye. We can insure 60-65 million of them, including their spouses and children. We want the premiums of this policy to drop to 6 to 8 thousand liras. In fact, the Ministry of Labor can even provide premium support to minimum wage earners, just like in agricultural insurance."

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