News from Turkish Insurance and lndivual Retirement System February 2012

02.03.2012

Annual premium collection of Anadolu Sigorta near 2 billion lira Anadolu Sigorta grows 35.6 percent in 2011 Premium collection of Anadolu Sigorta increased by 35.6 percent to 1.926 billion lira in 2011 compared to the previous year. Speaking on the premium collection results of 2011, General Manager Mustafa Su said Anadolu Sigorta achieved a higher-than-expectations growth.

Içerigi Paylas |

Allianz Turkey CEO Alexander Ankel:
Allianz prefers sustainable and profitable growth

Stressing that non-life insurance companies are at a crossroad following the third quarter results of 2011, Alexander Ankel said, “The insurance companies will either pursue an unhealthy competition in order to increase their market shares or focus on technical profitability for a sustainable and profitable growth.”

Esra Güller highlights the “Beyond the Seen” privileges of AXA SİGORTA
The most significant difference of AXA SİGORTA is its Success and Trust Culture

The only thing that cannot be imitated in AXA SİGORTA management is the company culture said Esra Güller defining the existing company culture as an organization with dedicated human resources which aims at encouraging its employees to be self-improving and to take responsibilities.

Engineering and Liability Insurance Director Ercan Eryaşar:
Professional liability insurances expand

An executive of MAFPRE GENERAL SİGORTA Ercan Eryaşar said the professional liability insurances are developing day by day in Turkey, and highlighted that the regulations on the “Administrative Responsibility Insurance” which has come to the agenda recently should be prepared urgently.

“Disney Live! Mickey’s Rockin’ Road” show opens its curtains for the fourth time under ERGO sponsorship.
ERGO gives a midterm gift to children

The “Disney Live! Mickey’s Rockin’ Road” show was put on stage with the ERGO’s sponsorship between January 18 and February 5, 2012. This musical show which draws huge interest worldwide is the midterm holiday present of Ergo for the children.

Güneş Sigorta enters the New Year with fruitfulness of pomegranate

The employees of Güneş Sigorta welcomed the New Year with the “Pomegranate Party” in the Headquarters and the Regional Headquarters on Sunday, January 1. General Manager Serhat Süreyya Çetin said, “I believe that the Güneş Sigorta family will be successful in every area it desires and feels the heat of.”

Chairman of Generali Sigorta Alessandro Corsi highlighted four principles of Generali Group once again:
Sense of belonging, professionalism, innovation and credibility

Alessandro Corsi highlighted the importance of the Generali Group’s four principles, namely ownership, professionalism, innovation and credibility, adding adoption of these principles in every country Generali Group operates distinguishes the group from others.

ING Emeklilik General Manager Jetse de Vries:
We offer special protection and saving solutions according to preferences and needs

ING Emeklilik General Manager Jetse de Vries said, “As ING Emeklilik reinforces every penny of the investment of its contributors they made to realize the future they dream of, it also provides strong assurances to protect the present.”

HDI Sigorta General Manager Orhan Arıkçı:
Our first target in 2012 is profitability

Orhan Arıkçı said the first target of the HDI in 2012 is the profitability. “Of course, production is also important. However the profitability on product-base is a more important target for us. Another important target we have is to be successful in damage control,” he said, expressing his hopes for 2012.

Marketing Director Feridun Art revealed the change targets in the company’s portfolio to the Sigortacı Newspaper
Ray Sigorta to blow in the insurance market in 2012

Ray Sigorta continues to develop new products in line with the customers’ needs and changing dynamics of the industry, said the Marketing Director Feridun Art, adding the company will bring a breath of fresh air to the industry with the projects they will be launching in the coming period.

Aviva Sigorta General Manager Ertan Fırat underlines the risky building stock in Turkey
Insurers should be at the heart of the urban transformation projects

Aviva Sigorta General Manager Ertan Fırat said the urban transformation which came on the agenda in Turkey is very important. “Insurers can take part in this project and offer longer term assurances for the buildings. In this case, insurers should also be a part of the supervision processes,” he added.

SOMPO JAPAN SİGORTA

Board Member and Vice General Manager of Sompo Japan Sigorta Besim Ergun evaluated the year 2011 on the perspective of the global economy and revealed the targets as well as expectations of the company for 2012. Ergun said the developments in the global markets created challenges for the companies last year and now it is obvious that the companies cannot be managed by simple schemes. He underlined that the agencies should be ready for such developments and should work together with the well-managed companies. Highlighting the stable structure of the Sompo Japan Sigorta, Besim Ergun said the company develops products that will help agencies to gain new customers.

Işık Sigorta General Manager Recep Koçak: We maintain our profitability strategy

Recep Koçak said Işık Sigorta’s strategy not compromising on profitability of will continue in 2012 as well. He said having a profitable year in 2012 would not be an illusion for the industry if the competition conditions violating the insurance techniques are eliminated.

AEGON Turkey Agency Meetings Continue

AEGON Emeklilik and Hayat shared its new product plans with its agencies at a meeting in Istanbul. Also AEGON told its agencies that every phase from application to the issuance of policy will be able to be made electronically starting from the second half of 2012.

The Acting Chairman of the Executive Board of Insurance Agencies Hüseyin Kasap:
Those whose real business is not insurance harm the industry

Kasap said, “A company selling creams offers free personal accident insurance policy. Some banks give 20 percent additional bonus to those buying insurance policies. Such companies undermine the industry whose real business is insurance.”

FROM THE WORLD

Concordia’s damage may reach 1 billion dollars

COSTA CONCORDIA, THE SHIP THAT SANKED IN THE ITALY COAST ON JANUARY 13, HAS BOTH FINANCIAL LIABLITY AND BODY INSURANCE. THE TOTAL INSUREE DAMAGE CAUSED BY THE ACCIDENT IS SAID TO BE AROUND 1 BILLION DOLLARS.

Projects developed under the “Consciousness-raising and Promotion in Insurance Strategy” will be launched
The insurance companies are in push for increasing awareness

Projects demanded by all actors in the industry under the “Consciousness-raising and Promotion in Insurance Strategy” were reviewed by the commission. The projects that will be realized were selected. “Improving the Consciousness of Life with Insurance Project” prepared by the SAB will be implemented in 10 provinces.

TRAFFIC INSURANCE

Insurance industry making losses in traffic ask for full liberalization

FAILING TO STOP LOSSES IN THE TRAFFIC INSURANCES, THE INDUSTRY IS NOW PINNING ITS HOPES FOR REMOVING THE THRESHOLD VALUE. IT IS HIGHLIGHTED THAT THE INSURANCE COMPANIES PAYING THE DAMAGES IN THE INDUSTRY SHOULD SET THE PREMIUMS AND THAT THE COMPANIES SHOULD PROVIDE SERVICES TO ITS OWN CUSTOMERS BY LAUNCHING DIRECT COMPENSATION SYSTEM.

OUTSTANDING CLAIMS

Relieving news for the companies about the outstanding claims practice
Nice surprise for the insurance industry

With a new application of the Undersecretariat of the Treasury, five years statistics of the lawsuits filed against the insurance companies will be produced. According to the findings in these statistics, the companies will be able to transfer 15 to 25 percent of the outstanding claims reserve to their balance sheets and write them as revenue.

The impacts of the Turkish Commercial Law to the industry will be discussed in the upcoming trainings
Countdown to TCL starts at TSEV

The Turkish Insurance Institution Foundation (TSEV) has taken the impacts of the Turkish Commercial Law which will be effective starting from July 2012 to the insurance industry to its program and will discuss the TCL issue in its trainings planned in February, April, May and June.

Source : Sigortaci
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