Page 16 - Turkinsurance Digital Magazine

14 at a glance

Türker Gürsoy, President of Insurance and Private Pension Regulation and Supervision
Agency (SEDDK): “We will take necessary steps for the sustainable growth of our
market”

ered 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 sys-
tem 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

Insurance Association of Turkey (TSB) organized a meeting Türker Gürsoy, President of Insurance and Private Pension Reg-
where the management of Insurance and Private Pension Regu- ulation and Supervision Agency (SEDDK), mentioned that he
lation and Supervision Agency (SEDDK) met with the CEOs of worked at every level in the insurance sector for 20 years. He
insurance and pension companies. Hosted by Atilla Benli, Pres- emphasized that he was extremely proud to have been appointed
ident of the Insurance Association of Turkey, the meeting was as the first president of an organization which was discussed and
attended by Türker Gürsoy, President of SEDDK, and members took great efforts to establish for long years.
of SEDDK BoD; as well as the members of TSB BoD and TSB
Executive Boards, and CEOs of TSB’s member companies. “I wish the establishment and official assignment of SEDDK
brings all the best for our sector. We have a lot of issues ahead
During the meeting, managers discussed and shared opinions of us to deal with. In this respect, the presence of TSB and sup-
about the problems that are currently occupying the agendas port provided by their President, Mr. Atilla Benli, are incredibly
of insurance and BES markets, and new arrangements that are important. From now on, we will be sharing our opinions and dis-
of importance for the development of market in general. Atilla cussing together around a table about the topics that will carry
Benli, President of the Insurance Association of Turkey, stated our market into the future. First of all, SEDDK will be responsive
that finalization of appointments at SEDDK and official start of to and friend of the insurance market; while caring for the bene-
their duties constituted one of the most important developments fit of the public through common goals and targets. I believe that
for insurance and pension sector. “Establishment of SEDDK is regulation also has other instruments apart from legislations and
a significant step in presenting the importance of our sector for lows. Communication comes first among those instruments. We
our economy and our citizens. With this step, we believe that must mutually build our communication on solid ground. We aim
our market will grow, insurance penetration will increase; there- to ensure that SEDDK gains a corporate identity that paves the
fore, a significant contribution will be made to creating funds for way for the growth and expansion of insurance market. And the
investments and production, and private pension will become a way to do it is to ensure predictability,” Gürsoy said.
significant investment tool for our country that will be the first
thing people will think of when considering savings.” Underlining that regulatory authority has three main targets

Benli: We are always ready to cooperate including protection of policyholders, contribution to financial
stability, and provision of market organization, Gürsoy added as
follows: “Our cooperation with TSB is very precious for us en
Benli underlined that arrangements required for the secondary route to realizing those targets. I believe that SEDDK and TSB
legislation might be implemented much more rapidly with the share a common approach with respect to undertaking public
contribution the Agency will make to the solution of sector’s responsibility. If we fulfill all these conditions, our market will
problems swiftly, efficiently and productively. “As the Insurance grow rapidly. It is important to combine the targets and benefits
Association of Turkey, we are always ready to cooperate with of insurance companies with the common benefits of the market.
SEDDK to support their endeavors and make necessary contri- We will take the steps required to carry our market towards the
butions towards providing solutions for our market. We gath-
future all together.”