Disinformation statement from TSB regarding insurance and BES

Ahmet Yaşar, President of the Insurance Association of Türkiye (TSB), made an evaluation regarding the statements and posts that have caused disinformation in the public about the insurance sector and private pension system (BES) in recent days.

Stating that the developments regarding the shareholders of some insurance companies should not be directly associated with the companies' financial structures, insurance activities and obligations towards their policyholders, Yaşar drew attention to the importance of evaluating these issues within the framework of the relevant legislation and the supervision of the regulatory and supervisory authority.

Yaşar emphasized that the allegations that three insurance companies went bankrupt due to flood damage are unfounded and stated that they do not accept attempts to damage the trust of citizens with such statements.

BES carries the savings of millions of citizens into the future

Yaşar stated that distortion of the decisions taken by the regulatory and supervisory authority with interpretations that exceed their purpose and incomplete, misleading or unfounded evaluations based on individual developments mislead the public, and stated that this situation also targets the trust of citizens in the insurance and private pension system.

Noting that the private pension system carries the savings of millions of citizens into the future with its strong surveillance and control mechanisms, Yaşar emphasized that the system contributes to the country's long-term savings.

Covering flood damage is a priority

Stating that they have been drawing attention to the importance of insurance assurance and the need to strengthen economic resilience for a long time, Yaşar said, "Four Elements. One Assurance" during Insurance Week. He noted that the importance of awareness activities carried out with the approach was once again revealed with the flood disaster.

Expressing his wishes for a speedy recovery to the citizens affected by the floods, Yaşar stated that the insurance industry is on the field with its agents, experts and all stakeholders. Yaşar stated that their priority is to quickly detect the damages and cover the damages within the scope of the policy as soon as possible.

“Weakening trust is a national security risk”

Stating that the weakening of trust in the insurance and private pension system through unfounded and unfounded claims harms not only the sector but also the economic resilience of the country, Yaşar emphasized that the approach needed is to strengthen trust, not damage it.

Noting that citizens should have more security and that the country's resources should be used more effectively and correctly against risks, Yaşar evaluated: "In a world where risks are increasing, trying to weaken the trust in insurance is itself a national security risk."

Yaşar stated that, as the Turkish Insurance Association, they will continue to determinedly protect the rights, savings and reputation of the citizens in coordination with the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).