Economic solidarity and joint security vision from Turkic states

Serdar HocamAuthor & Editor

At the Organization of Turkic States Insurance Union meeting in Gaziantep, it was emphasized that economic integration should be strengthened through joint risk management and reinsurance mechanisms.

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Speaking at the 2nd General Assembly of the Turkic World Insurance Union held in Gaziantep, Turkish Insurance Association President Ahmet Yaşar called on Turkic states to strengthen their economic solidarity through joint risk management, reinsurance mechanisms, and a shared security vision.

Gaziantep Gathering and Shared Vision

The 2nd General Assembly of the Turkic World Insurance Union held in Gaziantep highlighted the strategic importance of the insurance sector in economic integration among Turkic states. During the meeting, it was emphasized that countries should be connected not only through shared history and culture but also through robust financial mechanisms.

Shared Security and Risk Management

Turkish Insurance Association President Ahmet Yaşar stated that the economic potential possessed by the Turkic world should be supported by a joint insurance vision. Yaşar pointed out the importance of increasing the sharing of technical knowledge, experience, and financial capacity among the countries.

Reinsurance and Regional Capacity

Ahmet Yaşar noted that collaborations established among countries in managing major risks can increase financial resilience. Istanbul's goal of becoming a regional insurance and reinsurance center is also supported through these relations.

Disaster Preparedness and Resilience

Gaziantep Metropolitan Municipality Mayor Fatma Şahin brought up issues of disaster preparedness and city resilience. Şahin stated that taking precautions before disasters, drawing lessons from Turkey's earthquakes, is vital.

Middle Corridor and Sectoral Goals

Cross-border transportation and investments along the Middle Corridor bring new needs for insurance. The Turkish insurance sector's vision of reaching 50 billion dollars in premium production by 2030 was also shared.