The insurance sector opposes the reduction of state contribution in the private pension system (BES).

Reactions to the Reduction of State Contribution

Regarding the possibility of reducing the current 30% state contribution rate in the Individual Retirement System (BES) to 20%, TSB Chairman Gülen stated that they do not support this change as a sector. He reminded that BES, which has been successful since 2003, currently has 20 million participants and a fund size of 2 trillion liras.

The Role of State Contribution and Suggestions

Gülen expressed that the state contribution plays a strategic role in the expansion of the BES system and made some suggestions:

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

Target for 2025: 1 Trillion Lira Premium Production

TSB Chairman emphasized that the insurance sector will have a very productive year in terms of both growth and profit for 2025, stating that more than 1 trillion liras in premium production has been achieved in the first 11 months of this year, showing a 47% growth compared to the same period last year.

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

Innovations in Traffic Insurance

Providing information about the new era that will start in traffic insurance as of January 1, 2026, Gülen announced that the injustices in the no-claim steps will be eliminated. He stated that the standard 4th step entries applied for second vehicle purchases will be revised according to the driver's record (good or bad driving history).

Health Insurance Goals

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