The insurance sector opposes the reduction of the government contribution in the Private Pension System (BES).

Reactions to the Decrease in State Contribution

TSB President Gülen expressed that they do not support the possibility of reducing the current 30% state contribution rate to 20% within the scope of the Individual Retirement System (BES). He reminded that BES, which has been successful since 2003, currently has 20 million participants and has reached a 2 trillion lira fund size.

The Role of State Contribution and Suggestions

Gülen stated that the state contribution plays a strategic role in the growth of the BES system and made several suggestions:

• Gradual State Contribution: Preservation of the 30% contribution rate, but differentiating according to participant profiles.
• Incentives for Youth: Providing higher contribution amounts to new young participants, while giving lower rates to those approaching retirement age.

Target for 2025: 1 Trillion Lira Premium Production

TSB President emphasized that the insurance sector will have a very productive year in terms of both growth and profit for 2025, stating that over 1 trillion lira in premium production was achieved in the first 11 months of this year, reflecting a 47% growth compared to the same period last year.

He also added that, thanks to the high TL interest rate environment, the sector's return on equity has exceeded 40%.

Innovations in Traffic Insurance

Providing information about the new era that will begin in traffic insurance as of January 1, 2026, Gülen announced that injustices in the no-claims discount tiers will be eliminated. He noted that the standard entry of 4th tier for purchasing a second vehicle will be revised according to the driver's record (good or bad driving history).

Health Insurance Goals

Gülen stated their aim to further grow health insurance, defined as the "star branch" of the last 10 years, and said they intend to increase the number of insured individuals, which currently stands at 8.5 million. He pointed out that 80% of health expenditures in Turkey are covered by the public, stressing that transferring 10% of this burden to private insurances would save the public budget 1 billion dollars. The sector's goal is to increase private health insurance penetration to 20% levels.