Denial from the Insurance Association of Türkiye: Allegations that insurance companies are bankrupt are unfounded

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:

"As the Turkish Insurance Association, we would like to state that we closely follow posts that are misleading to the public, and that we will take the necessary initiatives to protect the reputation of our sector and the rights of our policyholders. Our insurance sector continues to stand by our citizens and businesses today, as always, and to fulfill its responsibilities."