AN ANALYSIS OF RİGOR MORTİS AND CHANGE IN THE INSURANCE SECTOR

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The insurance sector in our country has been underrated for many decades despite its obvious significance for economy. For many decades, the economic indicators imparting international comparisons categorically placed the Turkish insurance sector among the lowest ranks of the world league. Considering the progress in the Turkish insurance sector until the early 21st century, it is clear that the sector is able to perform insurance transactions, but fails to boost production sufficiently and secure adequate financial power. Therefore, functional effectiveness of insurance cannot be utilized in socioeconomic life. Individual efforts by several groups in the sector have led to improvements in specific areas, but been unable to bring about a significant performance increase in the sector. In the light of scientific findings, this study identifies a case of rigor mortis in the Turkish insurance sector. On the other hand, the activities that stemmed through the idea of change in the insurance sector and the regulatory and supervisory authority of the public since the early 21st century are systematically analyzed. Finally, the effectiveness of these efforts in saving the sector from rigor mortis is discussed.

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Rigor Mortis , Insurance Sector , Breakthrough Changes (Reengineering)

Journal Of Financial Researches an‎d Studies

41

Journal Of Financial Researches an‎d Studies