The number of complementary health insurance policyholders has increased by 61% in one year – Last Minute Economy News

Atilla Benli, Chairman of the Board of the Association of Turkish Insurers (TSB), spoke at the meeting where the new leadership of TSB, which was determined after the general meeting, was presented and the approach to be taken in the coming period was discussed.

Stating that as TSB they held the Ordinary General Meetings on April 1 and their desire to continue together for another term has been met by the members, Benli said that with the completion of the election of new members of the board of directors, both the insurance and the private Pensions Regulatory and Control Agency (SEDDK) He stated that they continue their work without interruption with the support of other competent public authorities.

“WE CONTINUED TO BE THE 11TH LARGEST ECONOMY IN THE WORLD”

As TSB, to add value to the Turkish economy and Insurance Industry Growth GoalsEmphasizing that they strictly adhere to Turkey’s goal of becoming one of the world’s top 10 economies, Benli said:

“As you know, our country achieved a high growth rate of 11% in 2021, achieving the highest growth among G20 countries. According to the Global Economic Prospects report released by the IMF this month, we continue to be the 11th largest economy in the world by purchasing power parity.Turkey’s completion of the year 2021 with a high growth rate, when many countries have recovered in difficult conditions with the lingering effects of the pandemic, proves that the production capacity and production capacity of our country is quite dynamic.

Benli pointed out that 2022 will be a difficult year for both Turkey and the world economy: “In fact, the IMF, the World Bank and other international organizations have started to revise their forecasts for global growth downwards. for 2022. Global inflation resulting from rising food and commodity prices, regional and global risks created by current international political uncertainties can be counted among other indicators that 2022 will be a difficult year for the global scale.

“IN THE FIRST 3 MONTHS OF THE YEAR, PREMIUM PRODUCTION INCREASED BY 70 PERCENT AND REACHED 43 BILLION LIRA”

Atilla Benli noted that they have contributed to continued economic growth during this difficult period, through the insurance and the services they have provided to the economy as the insurance industry.

Affirming that new members join their ranks every year with the faith in the potential of the sector and that they continue to grow together, Benli said: “While 8 new companies joined us in the last 3 years, 42 non- life, 6 life, 15 lifetime pensions and 4 companies joined us as a sector We provide services with a total of 67 companies, including reinsurance.

Benli pointed out that they continue to grow in both the insurance and pension sectors, adding that by the end of 2021, asset size will reach 429 billion liras, premium production will reach 105 billion liras. , The fund size in BES is 244. exceeding billions of dollarsHe said that the guarantee they provided to the country’s economy as an industry reached 230 trillion lira in 2021, while the total amount of compensation they paid was around 64 billion lira. .

Benli said that the production of premiums in the first three months of this year reached 43 billion TL with an increase of 70% compared to the same period of the previous year, “During this period, the production in non-life premiums increased by 74% to TL 37 billion, while premiums in life increased by 46% to TL 5.7 billion. in BES and OKS, including the state contribution, exceeded 281 billion lira, with an increase of April compared to the previous year.

“WE HAVE CLOSED 5.2 BILLION LIRA OF BORROWING DEBT FOR OUR 530 THOUSAND INSURANCE INSURANCE COMPANIES WHICH DIE IN 2017-2021”

TSB Board Chairman Benli said that the number of people insured in health insurance continues to increase and the number of people with supplementary health insurance continues to increase. increased by 61% last year. reported.

Benli said the burden on the public has been shared significantly by paying compensation of over TL 8 billion in the branch last year, “However, health insurance premiums have remained below cost due to of the increase in many elements, similar to traffic. This issue will continue to be on our agenda for some time. looks like,” he said.

Benli stressed that it is important to understand that the credit life insurance product, which protects both policyholders and banks against possible risks, is a necessary protector in many ways.

Noting that the number of credit-related insurance policies was 23.2 million last year, Benli said: “5.3 million of these policies were policies with unemployment coverage. Thus, we have provided life insurance coverage to our clients in 95% of consumer loans and 78% of home loans. .

On the other hand, we closed 5.2 billion TL of loan debt for our 530,000 deceased policyholders in 2017-2021. These amounts are an indication of the importance of credit life insurance,” he said.

“WHEN WE SAY LONG-TERM SAVINGS, BES IS NOW THE FIRST CHOICE”

Atilla Benli pointed out that the PPS is one of the most important success stories of the Turkish financial system and said that in the past 2 years, Turkey has entered into an important stage of the PPS with the favor of the state.

Benli said that when it comes to long-term savings, PPS is the first choice and continued as follows:

“The most important step in this area was to increase the state contribution from 25% to 30%. The inclusion of young people and children under 18 in the system is another important development. With the latest regulations, the inclusion of employees over 45 in OKS, a partial contribution to BES savings Recognition of the right of withdrawal and guarantee, granting of the state contribution over the years have been developments that will accelerate the system.

Along with these developments, the increase in the right to modify the distribution of funds, the transfer of foundations and funds to the system and the introduction of the integrated PPS will now accelerate the growth momentum of the PPS.

“THE SHARE OF OUR SECTOR IN THE FINANCIAL SYSTEM IS 4.2%”

Underlining that the most important player in the financial system after the bank is the insurance sector, Benli said that the share of the sector in the financial system is around 4.2% and that it needs long-term resources. term because its economy is developing.

Benli said, “As the insurance and pension sector can provide long-term funding resources to the economy and financial markets, it stands out as the sector that can meet this need.”

Stating that they have determined their strategic objectives for 2020-2024, Benli said, “These objectives include raising insurance awareness, strengthening the institutional structure, especially unity in the sector, maintaining a close cooperation with government, expanding product use and product development. in favor of policyholders, and to bring and promote competent human resources to our sector.

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