Union of Chambers and Commodity Exchanges of Turkey

Throughout the symposium, importance of insurance for recovery from various setbacks, stability and confidence in conducting business focused on the future.

Yorgancılar said, “Without the insurance system production would decrease because people will take less risks; they buy less and they sell less. That is how the economy stagnates.” Stating that, as TOBB, they recognize the importance of the insurance sector, Yorgancılar said that it is among their plans to bring the sector to the level of global standards.

Treasury Deputy Undersecretary Burhanettin Aktaş spoke in regards to the legislation which entered into effect in April which aims to support the institutionalization of agencies which produce 70% of premiums in Turkey.

Turkey Insurance Union Vice President Ragıp Yergin drew attention to the number of agencies in Turkey, stating that despite social perception, the number of agencies will need to increase in tandem with the increase in premium production in the sector.