Insurance Association of Turkey (TSB) organized a meeting where the management of Insurance and Private Pension Regulation and Supervision Agency (SEDDK) met with the CEOs of insurance and pension companies. Hosted by Atilla Benli, President of the Insurance Association of Turkey, the meeting was attended by Türker Gürsoy, President of SEDDK, and members of SEDDK BoD; as well as the members of TSB BoD and TSB Executive Boards, and CEOs of TSB’s member companies.

During the meeting, managers discussed and shared opinions about the problems that are currently occupying the agendas of insurance and BES markets, and new arrangements that are of importance for the development of market in general. Atilla Benli, President of the Insurance Association of Turkey, stated that finalization of appointments at SEDDK and official start of their duties constituted one of the most important developments for insurance and pension sector. “Establishment of SEDDK is a significant step in presenting the importance of our sector for our economy and our citizens. With this step, we believe that our market will grow, insurance penetration will increase; therefore, a significant contribution will be made to creating funds for investments and production, and private pension will become a significant investment tool for our country that will be the first thing people will think of when considering savings.” 

Benli: We are always ready to cooperate

Benli underlined that arrangements required for the secondary legislation might be implemented much more rapidly with the contribution the Agency will make to the solution of sector’s problems swiftly, efficiently and productively. “As the Insurance Association of Turkey, we are always ready to cooperate with SEDDK to support their endeavors and make necessary contributions towards providing solutions for our market. We gathered here today to discuss our market’s problems and solution proposals, too. I am confident that our combined efforts which will kick-off with this meeting will contribute to our market in the medium and long term. We believe that SEDDK will conduct efficient activities towards expanding the non-bank financial system and ensuring that our market takes a major share from this growth. In this regard, we will keep working non-stop with all our stakeholders and in cooperation with the public authority, too.”

Gürsoy: We will care for common goals and targets

Türker Gürsoy, President of Insurance and Private Pension Regulation and Supervision Agency (SEDDK), mentioned that he worked at every level in the insurance sector for 20 years. He emphasized that he was extremely proud to have been appointed as the first president of an organization which was discussed and took great efforts to establish for long years.
“I wish the establishment and official assignment of SEDDK brings all the best for our sector. We have a lot of issues ahead of us to deal with. In this respect, the presence of TSB and support provided by their President, Mr. Atilla Benli, are incredibly important. From now on, we will be sharing our opinions and discussing together around a table about the topics that will carry our market into the future. First of all, SEDDK will be responsive to and friend of the insurance market; while caring for the benefit of the public through common goals and targets. I believe that regulation also has other instruments apart from legislations and lows. Communication comes first among those instruments. We must mutually build our communication on solid ground. We aim to ensure that SEDDK gains a corporate identity that paves the way for the growth and expansion of insurance market. And the way to do it is to ensure predictability,” Gürsoy said.