Turkish Insurance Association became a supporter of UNEP's two sustainable insurance initiatives

Within the scope of COP31, the "COP31 Global Sustainable Insurance Summit", organized in cooperation with the United Nations Environment Program Finance Initiative (UNEP FI) at the Insurance House event held by TSB in a hotel on 11-14 November, continues on its second day.

The summit brings together leading representatives of the global insurance industry and focuses on solutions and collaborations that can be developed in the fields of climate risks, resilience, reducing protection gaps and sustainable insurance.

In this context, signatures were also signed for TSB to become a supporter of UNEP Sustainable Insurance Principles (PSI) and the Insurance Transformation Forum (FIT).

This step, which strengthens the international cooperation of the Turkish insurance sector, will contribute to the goals of increasing resilience against climate risks, developing preventive investments and expanding financial protection.

UNEP FI Sustainable Insurance Principles (PSI) Chairman Amita Chaudhury said at the signing ceremony, "I would like to thank TSB for participating in PSI. This is truly a cooperation based on great trust. As in every cooperation, there is mutual contribution here. You want sustainability to be more integrated within TSB and international cooperation to be developed. PSI will make exactly this contribution to you. You can join UNEP with your experience in disaster and agricultural insurance and your knowledge in public-private sector collaborations." You will add great value. It is a great honor for you to join us." he said.

Butch Bacani, Head of Insurance at the United Nations Environment Program (UNEP), said: "Welcome to the UNEP community, which includes global insurance organizations. Welcome to the Insurance Transformation Forum (FIT). I welcome your participation in these two important initiatives of UNEP in terms of advancing the agenda." he said.

TSB President Ahmet Yaşar stated that, as TSB, they are making a great effort to ensure the sustainability of insurance, to spread it to large masses and to increase awareness, and that they will explain the importance of insurance to policy makers, decision makers, investors and business people with the panels and events they organize within the scope of Insurance House.

Yaşar said, "Hopefully, in the coming COPs, insurers will be in the place they deserve, that is, at the head of the table. I would like to thank UNEP FI for continuing this initiative from the beginning and keeping us together." he said.

TSB Secretary General Özgür Obalı said, "We are proud to sign this signature. Because for us, this is not just a signing ceremony, but an indication of our goal to implement our commitments to the sustainable insurance program and platform. As the insurance industry, we are very pleased to be a part of this. We hope that this cooperation will continue for many years." he said.