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Insurance Association Aims to Make Life Insurance a Strategic Lever

Turkey's Insurance Association has announced a transformation plan targeting structural changes in the credit-dependent model of life insurance.

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MY
Mehmet Yılmaz
· 2 dk okuma

Turkey's Insurance Association has unveiled a comprehensive transformation plan aimed at positioning life insurance as a strategic leverage point in the economy. According to the Association's position paper, premium growth in life insurance is expected in 2025, while the sector aims to address structural problems. The plan targets reducing credit dependency and strengthening individual savings mechanisms. Various legal and regulatory steps are envisioned to increase the role of life insurance in economic growth. Through this transformation, the sector aims to achieve a healthier financial structure.