TOBB Insurance Agencies Executive Committee President Levet Korkut Emphasized the Advisory Role of Insurance Agencies
Quick Look
- TOBB Insurance Agencies Executive Committee Chairman Levet Korkut stated that insurance agencies are not just sales channels, but also their duty to reach large segments of society with their strategic roles such as risk analysis, consultancy and insurance awareness raising.
- He emphasized the necessity of fair competition, transparent pricing and strong consultation mechanisms for the growth of the sector within the scope of the 2027-2029 medium-term program, and suggested the establishment of an 'Insurance Sector MTP Working Group' with the participation of all sector stakeholders.
AI-generated summary
Why It Matters
TOBB Insurance Agencies Executive Committee works to evaluate the role of agencies in Türkiye's insurance sector and to determine the medium-term goals of the sector. Insurance targets are being evaluated within the scope of the medium-term program (MTP) for the period 2027-2029.
TOBB Insurance Agencies Executive Committee (SAİK) President Levet Korkut pointed out that insurance agencies, which are one of the most important contact points where insurance meets citizens, tradesmen, SMEs, industrialists and businesses in Turkey, are not just a sales and distribution channel, and said, "The strategic role of insurance is possible with a strong and sustainable agency system."
Evaluating the insurance targets in the medium-term program (MTP) for the 2027-2029 period, Korkut said that the agencies; He stated that he is the "consultant" in the field who performs risk analysis, provides consultancy on the right coverage, increases insurance awareness, supports the insured during damage processes, contributes to the risk management of SMEs and businesses, and ensures that insurance products reach large segments of the society.
At this point, Korkut stated that they see fair competition, transparent pricing, sustainable agency model and the establishment of strong consultation mechanisms as one of the basic conditions for the growth of Turkey's insurance sector in the coming period, and made the following call: "We must grow the entire sector together." Korkut, who also made a suggestion on this subject, continued as follows:
MTP WORKING GROUP
"Let's create an "Insurance Sector MTP Working Group" with the participation of the Ministry of Treasury and Finance, SEDDK, TOBB Insurance Agencies and Experts Executive Committees, Turkish Insurance Association, Brokers Association and other stakeholders of the sector."
What to Watch
AI outlook — possibilities, not facts
Establishment of the Insurance Sector MTP Working Group
Very likely · Within weeks
Open Questions
- What will be the full member list and structure of the MTP Working Group?
- What are the group's industry goals and timeline?
- What mechanisms will be proposed for fair competition and transparent pricing?
