The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) announced that the market share of the two insurance companies whose activities have been halted is small and necessary measures have been taken. Following the suspension of operations of AcnTurk Sigorta AS and Arex Sigorta AS, SEDDK reported that these companies have a low market share and necessary measures are being taken for the compensation of their existing claim files. The statement from SEDDK emphasized that the insurance sector has credibility and a strong capital structure, stating, “The insurance sector continues its operations in compliance with international standards, reliably, stably, and effectively, with financial resilience indicators such as equity profitability, capital, and asset sufficiency.” The statement noted that misleading and speculative news or shares in some media outlets cast a shadow on the financial resilience and reputation of the sector, saying, “The limited market share of these companies, amounting to 0.8 per thousand, and their individual situations are being overlooked.” The statement mentioned that, “Considering the current situation, necessary financial and organizational measures have been taken to ensure that our policyholders do not suffer any grievances in relation to the ‘existing claim files’ of the companies whose activities have been halted. Furthermore, actions and transactions identified within the scope of our supervision activities concerning these companies are being reported to judicial authorities as well as other institutions responsible for oversight and supervision of the financial sector.” The Agency also stated that developments related to the matter will continue to be shared with public awareness and responsibility.