Business · Companies · 4 hrs ago
Turkey reports lower insurance claims after action against abuse
Turkey’s insurance regulator says it has taken action against people who abused claims and arbitration processes.
The regulator’s president, Davut Menteş, said the practices had become widespread since 2019.
He said daily applications to the Insurance Arbitration Commission fell from about 3,000 to around 1,500 in October, after earlier measures and legal action.
The regulator also says a central claims hotline now sends accident reports to insurers, and a computer system assigns vehicle assessors.
It is tightening oversight of insurance companies, including their financial strength and compliance with rules.
New investors are assessed on their finances, reputation, connected risks and expected contribution to the sector, with information gathered from 15 institutions.
Menteş said the regulator would continue acting against abuse until it was eliminated.
Turkey’s insurance regulator said arbitration applications fell by half in October after action against abuses in insurance claims.
SEDDK President Davut Menteş said applications dropped from about 3,000 a day to 1,500 on Wednesday and Thursday.
He said operations took place in the final 10 days of September and that earlier measures also contributed to the decline.
Menteş said applications related to vehicle value loss were nearing 1,000.
The regulator has also introduced a system that assigns insurance assessors based on factors including the accident location and vehicle type.
- Who
- Turkey’s Insurance and Private Pension Regulation and Supervision Agency (SEDDK), led by President Davut Menteş, reported the decline.
- What
- Insurance arbitration applications fell by half in October, according to Menteş.
- When
- Menteş described the figures in an article published on October 11, 2026; he said operations took place in the final 10 days of September.
- Where
- Turkey.
- Why
- Menteş attributed the decline to operations against abuses and earlier measures; he did not give a breakdown of their separate effects.
This story does not have two clearly opposing sides.
Until the last abuser in the sector is eliminated, our fight will continue.
In the last 10 days of September, an operation took place. Despite that, there has been a decline of nearly 20 percent.
Looking at October, total application numbers have fallen by half.
Insurance companies carry money in trust.
Menteş said the abuses had become widespread and normalized.
Operations took place following findings from regulatory inspections, Menteş said.
Menteş said total arbitration applications fell by half.
Daily applications were about 3,000 before dropping to 1,500, according to Menteş.
- Daily accidents in Turkey
- 5,000, according to Menteş
- Arbitration applications before the decline
- About 3,000 per day
- Arbitration applications after the decline
- 1,500 per day on Wednesday and Thursday
- Operations
- Final 10 days of September
- Value-loss applications
- Nearing 1,000 or fewer
Sources
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