Page 15 - Turkinsurance Digital Magazine

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The first and most important purpose

of the SEDDK is to observe the public

interest

Türker Gürsoy, Chairman of the SEDDK: “Our most important goal is to ensure that all
assets of Turkey, especially its citizens, are under insurance”

Can you tell our readers a little about with a participatory approach. In this con- What are the contributions of the in-
SEDDK? text, we had the chance to hear from them stitution to the insurance and private
what kind of insurance industry they envi- pension sectors and their assistance to
As you know, while the regulation and su- sioned, by prioritizing our communication the sector growth? In which areas does
pervision task of the sector was under the efforts with all stakeholders of the sector, the SEDDK provide added value to the
responsibility of our Ministry, our Institu- and by meeting with all stakeholders such sector?
tion, whose founding decree was published as the intermediaries and loss adjusters
at the end of 2019, started its work with of the sector, starting with our insurance The insurance and private pension sector,
the establishment of the Institution organ- companies. I would like to especially em- which performs the functions of providing
ization in October 2020, following the ap- phasize that we attach great importance to coverage and saving in the economy of our
pointments made by our President in June listening to the opinions and suggestions of country, continues to grow steadily every
2020. all our stakeholders and working together. year, and it is very important for us that
this continues. Our most important goal is
Protecting the rights and interests of all I have stated many times that regulation to ensure that all assets of Turkey, espe-
stakeholders in the sector, especially in- has different instruments other than regu- cially its citizens, are under insurance.
sured persons and participants, ensuring lations and laws. One of the main ones is
market discipline in competitive dynamics communication. Since the day we took of- Advanced insurance and private pension
and maintaining financial stability are the fice, we have tried to put our communica- sectors help to increase the efficiency of
priority tasks of SEDDK. tion with all stakeholders of the sector on the financial system by reducing transac-
healthy foundations and we continue in this tion costs, creating liquidity and facilitat-
With the strong support provided by our direction. ing economies of scale in investment. To
Ministry, as SEDDK, we work intensively contribute to economic growth, allocate
with the mission of positioning insurance “The insurance industry resources efficiently, manage risk and pro-
and private pensions as a sector with high mote long-term household savings, it is es-
international integration, strong financial of our country has been sential that the insurance and private pen-
and institutional competence, stable and following a steady growth sion sectors operate on a financially sound
sustainable growth. In the short time left basis.
behind, we have acted with this perspective trend in recent years”
both in our regulatory activities and in our I find it useful to emphasize again and
audit activities, and we will continue to do In addition, we have strengthened our or- again that the first and most important
so from now on. ganization structure in a short time. We purpose of SEDDK is to observe the public
have moved to our new address in order to interest. In our arrangement in this direc-
As an institution, one of our priorities is to have all the units under one roof. Then, of tion, we also put the benefit of our citizens
make arrangements that will enable the sec- course, we signed many important regu- first. While our citizens have made signifi-
tor to reach its true potential by adopting lations for the development of the sector, cant gains in all the arrangements we have
a regulatory approach that focuses on the taking into account the public interest from made so far, the feedback we have received
structural development issues of our sector the first day. in this direction has also been very positive.