Vice President Cevdet Yılmaz and the TSB Board discuss strategies to drive innovation and strengthen the future of Turkish insurance.
The Turkish insurance industry took another decisive step toward shaping its long-term strategy during a high-level meeting between the Turkish Insurance Association (TSB) Board of Directors and Vice President Cevdet Yılmaz. The gathering took place on December 10, 2025, at the Presidential Dolmabahçe Working Office, with Ahmet Oğuz Sarıca, Coordinator for Economic Relations from the Vice Presidency, also in attendance.
The discussions focused on the sector’s current landscape, its essential role in the national economy, and a roadmap to strengthen insurance’s structural contribution to economic resilience. A detailed report highlighted the sector’s scale — 1.06 trillion TL in premium volume, assets surpassing 3.4 trillion TL, and a pension fund size exceeding 2 trillion TL, providing coverage to over 34.6 million policyholders. Ambitious goals for 2030 include raising insurance penetration to 5% and growing private pension funds to 5 trillion TL.
The meeting delved into crucial subjects such as earthquake preparedness and reform, green transformation, agricultural insurance, and participatory insurance systems. Special emphasis was placed on revising insurance models to align with Turkey’s 2053 Net Zero Emission target and the opportunities emerging from carbon markets. Policy proposals included expanding mandatory earthquake insurance coverage, enhancing public reinsurance capacity, and fortifying the overall risk management infrastructure.
As part of the sector’s social dimension, the discussion also covered the strengthening of preventive health solutions, the development of long-term care insurance, and creating innovative protection models for an aging population. Other agenda items involved the establishment of a Turkish World Insurance Association, negotiation of a joint reinsurance pool, and regulatory considerations to accelerate digital transformation in insurance services.
Vice President Cevdet Yılmaz called for a comprehensive risk management approach to disasters, recommending the setting of higher premium targets for the sector and the formation of a joint inter-institutional working group. He also highlighted the importance of ensuring the Turkish insurance sector’s active presence at COP31, which will be hosted by Turkey.
The entire meeting reaffirmed the belief that the insurance sector is a vital pillar of economic stability, sustainable growth, and social welfare. The TSB conveyed its determination to continue shaping a more resilient, inclusive, and sustainable insurance architecture—one that not only supports the national economy but also safeguards the livelihoods of millions.
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