The insurance sector opposes the reduction of state contributions in the Private Pension System (BES).

Reactions to the Reduction of State Contribution

TSB President Gülen expressed that they do not support the potential reduction of the current 30% state contribution rate to 20% within the framework of the Individual Retirement System (BES). He reminded that BES, which has shown success since 2003, has reached 20 million participants and a fund size of 2 trillion lira as of today.

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 some suggestions:

• Graduated State Contribution: Preservation of the 30% contribution rate but differentiation according to participant profiles.
• Incentives for Youth: Higher contribution rates for new young participants and lower rates for those approaching retirement age.

Target for 2025: 1 Trillion Lira Premium Production

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

Additionally, he added that the sector's return on equity has exceeded 40% due to the high TL interest rate environment.

Innovations in Traffic Insurance

Gülen provided information about the new era in traffic insurances starting on January 1, 2026, assuring that injustices in no-claims discounts will be eliminated. He stated that the standard entry of the 4th step for second vehicle purchases will be revised based on the driver's record (good or bad driving history).

Health Insurance Goals

Gülen indicated that they aim to further grow the health insurance sector, defined as the "star branch" of the last 10 years, and expressed the goal of increasing the number of insured individuals from 8.5 million. He noted that 80% of health expenditures in Turkey are covered by the public sector, while transferring 10% of this burden to private insurance would save the public budget 1 billion dollars. The sector's target is to increase the penetration of private health insurance to 20% levels.