CURRENT PROBLEMS IN INSURANCE IN TURKEY

Abstract

Throughout of the history of  world insurance has already been in a lot of forms. As long as human life exists a lot risks threatening to human life will exist. It is not possible to challenge with these risks on yourself.  As long as these risks exists physical precautions will be taken in order to put an end to these risks by one way, financial sollutions like insurance will exist for risks which can be put an end completely.  Insurance sector plays a role by this way. It is becoming a partner sharing risks of entrepreneur , businessman and ctizen.By  means insurance sector is a partner on a risk rather than a profit.  Bigger and more developed of an economy means bigger of an insurance sector.  Unless insurance sector is undeveloped entreprenuers take less risks, they are less dealt with commercial relations as as a consequence the economy will slow down.  The way of developing economy and increasing trade is having a challanging insurance system. As long as the quality of insurance service is reaching to the world of standarts ; the people are more interested to insurance. In the presentation of an insurance  so important for human life both state and private sector continue to play a role. Not only insurance sector adopts the risks of people and business sectors as a vital duties but also it has effected positvely  on a earned profits creating a source  for the economy in a great way , the development of this sector by  increasing its importance . The importance of insurance sector has been increased thanks to functions of preventing social economical losts, creating opportunites for accumulation of capitals and credit, increasing welfare and tax revenue, benefits for employment and developing international economic relations.