Statement from the Turkish Insurance Association

In the statement made by the union, it was stated that following the flood disaster in Istanbul, unfounded claims that three insurance companies went bankrupt were shared on some social media platforms.

In the statement, it was emphasized that the allegations that may cause public concern and negatively affect the trust in the insurance sector do not reflect the truth, and it was stated that the Turkish insurance sector continues to manage the risks it undertakes, including natural disasters, and fulfill its obligations to its policyholders, with its strong corporate structure, risk management capacity and international reinsurance guarantees.

WARNING ABOUT FAKE NEWS AND SHARES

In the statement, it was stated that the sector mobilized all its resources to receive damage notifications after the flood disaster in Istanbul, carry out damage assessment processes and deliver compensation within the scope of policy coverage to the beneficiaries as soon as possible.

In the statement, it was reminded that in accordance with the seventh paragraph of Article 35 of the Insurance Law No. 5684, those who deliberately cause an issue that may damage the reputation or damage the wealth of the institutions subject to the Law or who spread unfounded news in this regard will be punished, and that the dissemination of unfounded news through the internet, radio, television or other electronic communication and broadcasting tools, which may cause hesitation in the public about their reliability and negatively affect their financial structures, even if the names of the institutions in question are not mentioned, is also punishable. It was stated that he was subject to sanctions.

In the statement, citizens were asked not to trust misleading posts that are not based on any official source and target the reliability of the sector, and it was emphasized that it is of great importance to take the official statements of authorized institutions and relevant companies, especially the Insurance and Private Pension Regulation and Supervision Agency (SEDDK), as basis in evaluating information regarding the activities and financial situations of insurance companies.

The statement included the following statements: