The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the amended Private Health Insurance Regulation in the Official Gazette which will enter into force on 1 January 2026.
The first earthquake stress test in Turkiye has estimated that the financial impact of a potential Marmara earthquake would reach $21bn at the current exchange rate, borne by the insurance sector alone, excluding the Turkish Catastrophe Insurance Pool (TCIP).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the final declaration of the Insurance Sector Consultative Meeting, which was held in September.
Over seven in 10 (72%) of young people in Turkiye see insurance as a vehicle which can make their lives easier. In addition, with the advancements of technology and the digital age, those who prefer to purchase insurance through digital platforms constitute the overwhelming majority, at 78%.
The supply problem in compulsory motor third-party liability insurance, also called traffic insurance, has been largely overcome, according to Mr Ahmet Yasar, president of Maher Holding Insurance Group.
The Turkish insurance industry is seeing the impact of digital transformation in almost every aspect of insurance functions, from customer relations to preventing insurance fraud, according to Mr Emine Feray Sezgin, vice president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) plans to release soon a new set of regulations on participation insurance, also known as takaful.
Over the past 12 months, Milli Reasurans (Milli Re) has significantly improved its shareholder's equity while maintaining its market position and improved operating performance, says S&P Global Ratings (S&P).
The Turkish insurance industry is in its most secure period in terms of capital adequacy, liquidity, risk management and similar indicators, according to Mr Davut Mentes, president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has revised regulations affecting lifetime health insurance policy renewals.