insurancenews-tr

According to the results of Insurance Attitude and Behavior Survey of Turkey regarding the ideas concerning insurance and insurance awareness of consumers, people minded their lives the most and health comes to their minds when insurance is talked about.

According to the results of Insurance Attitude and Behavior Survey of Turkey, it was emphasized that health came first for individuals when insurance was talked about. Association of Insurance and Reinsurance Companies of Turkey (TSRŞB) also announced the results of Insurance Attitude and Behavior Survey of Turkey at the meeting where industry data regarding year 2011 were presented. Within the context of the survey, the participants stated their worries about the future among which the highest concern was about their lives. The worry of individuals about their goods in year 2008 has left its place to worries about their lives in 2012. According to the results, the worry of individuals about health and earthquake risks has increased compared to previous years. The participants taking part in the survey conducted by IDE Research, Promotion and Consultancy Services have been chosen from among individuals of 16 and older and within A, B, C1 SES groups. In the survey covering insurance holders and non-holders, 50 percent of the participants were female while the other 50 percent were male. Within the context of the survey carried out in houses, workplaces and central locations in 17 cities, total of 3007 persons were interviewed. The results of the survey have been laid on the table at the meeting held by TSRŞB. Read more… »

Telling the new incentive legislation to banking and insurance industry, Economy Minister Zafer Çağlayan said that the new incentive system will virtually serve as a projector for the banking and insurance system. Çağlayan, telling that finance industry formed one of the most important legs of the new incentive system, said “The new incentive system is actually conveying very important messages regarding bankers and insurers. It will be easier for our bankers to evaluate the projects benefitting from the incentive system in the credits they were providing or under the contexts of insurance.” Çağlayan went on as follows: “We have never had an understanding towards our banks and insurance companies as ‘You have to do these’, we will never be.” Read more… »

Turkish Catastrophe Insurance Pool (TCIP) President Selamet Yazıcı said they had received over 8 thousand damage notices since the two big earthquakes in Van and that they had made damage payments of about 70 million lira. Yazıcı also said that they expected the damage figure to reach 80 million lira. Yazıcı telling that the total damage paid by TCIP since Van earthquake had reached 100 million lira said “While this figure is high, TCIP’s total power of damage payments power in a possible big earthquake is much higher. Having nearly one third as proprietary resources and two thirds as reassurance capacity, our total damage payment power in a big earthquake is 5.5 billion lira.” Yazıcı also referring to the effect of Van earthquake on the rate of being insured emphasized that the number of policies in whole of Turkey grew by 12.4 percent in comparison to previous year to reach 3.8 million. Telling that the number of policies had been 3.6 million the day before the earthquake was as of today 3.8 million on a growth of 6.7 percent, Yazıcı told the following: “The number of compulsory earthquake policies which was 6,656 last year reached 15,113 on a growth of 127 percent. The effective number of policies which was 7,318 before the earthquake reached 15,113.”

The deputy general manager of Anadolu Hayat Emeklilik which is one of the companies providing education insurance service Uğur Erkan said that Education Insurance product could be bought by healthy father, mother or relatives aged between 18 and 65 who want to guarantee the continuity of their children’s education against unexpected risks. “With the product, the child or the warden is paid the amount of money set beforehand for the defined period in case the insured party loses his life” says Erkan adding “Thus we have established an opportunity for the children to get the best education against the risks of life. As AHE, we are securing the future of children continuing their education. With Education Insurance, our company is presenting to its customers, children can go on with their education even when their families are no more with them.” Telling that the product, making income payment to the child or the warden for a period of time and amount defined by the insured party in case of the death of the insured party, also had advantage of protecting its value as it is indexed to foreign currency Erkan said, “Ultimately it is not only the mother and father but also aunts and uncles who can have this policy to secure the life of the child in education showing the child as endorsee.” ŞEMSİYE

Eureko Sigorta held its Vision Meeting which it holds every year with the participation of all of its employees, Eureko Sigorta Board and Garanti Bank top managers in Antalya this year. Coming together at the meeting with the motto “Are you ready…” Eureko people have set their target for 2012 as strengthening damage management side with expert and customer satisfaction focused approach to take strong steps on the road to become ‘the most trusted insurance company’. At the meeting, Eureko people evaluated the past operation period and discussed the targets for the approaching term. The meeting started with the opening speech of Eureko Sigorta Chairman Gerard Van Olphen. Read more… »

Assurance Account which meets the treatment expenditures of physically harmed (disablement or death) and pays disablement compensation in case of disablement after accident, and pays those deprived of the support of the late person compensation for this with the provisions from compulsory insurances within its body has announced its data for the first three months of year 2012. According to the data, Assurance Account has made payments of 12,159,052 lira for 376 files in the first three months taking the figure for its payments since 1998 when it was established to 257,055,631 lira of compensation payments on 96,504 files in total. The Center has made payments of 17,269 lira of material compensation, 170,991 lira of treatment compensation, 6,832,702 lira of death and burial compensation, 5,138,088 lira of disablement compensation.

Generali Sigorta General Manager Mine Ayhan has been chosen as Board Member to Italian Chamber of Commerce. With the voting which took place at the General assembly meeting taking place at Italian Chamber of Commerce, the Board for 2012-2013 term was elected with the participation of top managers from many important companies under Italian-Turkish ownership. Elected as Member of the Board, Ayhan told the following regarding the issue: “Taking up a duty in Italian Chamber of Commerce established in Istanbul in 1885 is a high honor for me. Making Turkish-Italian friendship stronger, we will be doing all we can to improve our commercial cooperation. I am very happy to take up a task in this institution I have no doubt that we will be signing very beautiful projects in the coming term with my fellow Board Members.”

Dubai Amir Sheikh Mohammed bin Rashid El Maktoum is selling his financial assets in Turkey. It was learned that El Maktoum owning Taib Investment Bank and Dubai Sigorta wanted to grow in tourism. El Maktoum pushed the button for selling companies under Dubai Group structure as he could not heal the wounds of the “Dubai Loan Crisis” which exploded in 2009. According to information received from the industry, a Qatari and Western European group is interested in Dubai Sigorta. An investment banker who asked not to be named said “It will be more valuable for the buyer if the bank and the insurance company are sold as a package. In this case, I believe the buyer will again be from the Gulf Region. We know that there are many companies from Bahreyn, Qatar and Abu Dhabi interested in this” while a foreign banker said “The number of foreigners interested in insurance industry are much higher, I believe the insurance company will be sold faster.”

Ufuk Şanlı/ VATAN

Allianz Sigorta presents its “Special Savings Insurance” to those who want to secure the future of their loved ones to buy the product with campaign deal. Within the campaign, Allianz Sigorta gives as a present the 250 lira worth fourth installment of the new policies made from May 1 to 30, 2012. Allianz Sigorta is presenting as a present the 4th installments of policies made between May 1 and 31, 2012 with monthly payments of up to 250 lira and covering provisions such as “Basic Protection”, “Family Protection” and “Critical Sicknesses Protection” under “Special Savings Insurance” campaign. The insured parties to benefit from “Special savings Insurance” campaign also have their death, disablement, critical risk and long term in bed hospital treatment risks secured with additional risk plans.

The new system based on public contribution share in Private Pension System (BES) expected to be migrated to in the last quarter of the year is providing large communities which are not tax are not taxpayers like housewives and students.

Radical decisions have been made about Private Pension System (BES) which will be celebrating its 10th birthday and start to bring out its first real retirees next year. While Deputy Prime minister Ali Babacan gave the good news about “public contribution share” based new system with the press meeting organized recently, the decisions have also been considered positive by industry representatives. Large groups of people like housewives, students etc., who could not benefit from the tax promotion of the system until recently will see a more attractive system to join with the new regulation and experts are equivocal that these regulations will grow BES even more. It is expected that the new decisions taken about BES will turn into legislation in May and transition to the new system will take place in the last quarter of the year. It is also expected that the government will be announcing new regulations which will make life and health insurance as well as group-retirement plans more attractive. Read more… »