Türkiye Sigorta celebrates its second anniversary. Turkey Insurance’s General Manager Atilla Benli, which has ranked first in terms of market share in many fields in 2 years, stated that their strategy of taking concrete steps in 5 years to become a global company and realizing this dream in 10 years continues, and even aims to take a 5-year step. Said they took it. Speaking at the meeting held for the anniversary, Benli emphasized the value of the insured product on the one hand, and the spare part costs, which increased with the increase in exchange rates, against those who criticize the premium increases in the insurance sector.
Benli stated that the insurers suffered the most from high inflation and said, “If we were a greengrocer, customers would understand the cost increases. Maybe the price can change 100 percent within a week. However, we, as insurers, need time to explain our problems. Premium increases in insurance reflect the price increase of the insured product. “When we calculate the value increase of the product, the name of insurance is not read next to other sectors. The cost of spare parts in the exchange rate increases by more than 100 percent. We pay a cost of 214 liras against a premium of 100 liras,” he said.
Expressing the difficulty of the current conditions, Benli stated that they are making efforts to make the citizens less affected by price increases and said, “On the other hand, we need to leave this sector in a difficult situation actuarially.” Türkiye Sigorta celebrates its second anniversary. Turkey Insurance’s General Manager Atilla Benli, which has ranked first in terms of market share in many fields in 2 years, stated that their strategy of taking concrete steps in 5 years to become a global company and realizing this dream in 10 years continues, and even aims to take a 5-year step. Said they took it.
Speaking at the meeting held for the anniversary, Benli emphasized the value of the insured product on the one hand, and the spare part costs, which increased with the increase in exchange rates, against those who criticize the premium increases in the insurance sector. Benli stated that the insurers suffered the most from high inflation and said, “If we were a greengrocer, customers would understand the cost increases. Maybe the price can change 100 percent within a week. However, we, as insurers, need time to explain our problems. Premium increases in insurance reflect the price increase of the insured product. “When we calculate the value increase of the product, the name of insurance is not read next to other sectors. The cost of spare parts in the exchange rate increases by more than 100 percent. We pay a cost of 214 liras against a premium of 100 liras,” he said. Expressing the difficulty of the current conditions, Benli stated that as a sector, they made an effort to make the citizens less affected by price increases and said, “On the other hand, we need to leave this sector in a difficult situation actuarially.”
THE DIFFERENCE BETWEEN INFLATION AND FINANCIAL PROFIT IS NEGATIVELY AFFECTED
Benli, who also stated that the sector, which had also earned financial profit due to high interest rates in the previous periods, no longer had this opportunity, said that they were adversely affected by the difference between inflation and financial income. Noting that the sector has grown in real terms, however, Benli said, “We are taking our measures for new conditions. Our finance managers are very good. The main thing is the income we get from our activities.” Benli, upon a question about insurance and global warming, stated that insurance companies have become very sensitive to the environment and stated that companies that harm the environment will not be insured in the coming period.
INSURED STRATEGIC ASSETS
Benli said, “We have completed an unprecedented merger in a record time, starting out as one and unity. We are proud of accomplishing important works both for our industry and our country with the strength we have gained from our name in the last 2 years after our merger. We brought a brand new breath to the insurance business in the journey of digitalization and implemented Turkey’s first insurance super application. We have secured the Fatih, Yavuz, Kanuni and Abdulhamid Han drilling ships, Tuna-1 and Amasra-1 drilling wells, Türksat 3A, 4A, 4B, 5A, 6A satellites, Oruç Reis Ship and 1915 Çanakkale Bridge, which are strategic assets of our country. During the two-year period, we have achieved many successes and increased our market share in the sector.”
Stating that they have increased the number of their customers to 12.7 million by growing day by day, Atilla Benli said: “The premium production in the life branch has increased to 4.2 billion; We increased premium production in the non-life branch to 14.8 billion. We secured the future together by making 2.7 million PPS contracts and 2.9 million OKS contracts. Our total fund size in BES and OKS reached 67.3 billion. We continue to prove that we stand by all the promises we made with our corporate and financial performance” and summarized the path they took in two years.
‘WE WILL CARRY INSURANCE TO THE POSITION IT DESERVE’
Referring to social responsibility projects, Benli said: “We aimed to create a great social awareness with our understanding of using our power for good. In line with this aim, we have placed great importance on social responsibility projects, not limited to our financial performance. In this context, we collected donations for the benefit of non-governmental organizations by chasing goodness in the 42nd and 43rd Istanbul Marathon.
With the “Let’s Walk Together” project, we supported 100 visually impaired students to meet with smart walking sticks. We delivered 1,820 books to village schools within the scope of the project “Let’s Learn as They Read, Let’s Bring Children Together with Books”. In addition, we have realized our dream of leaving a green world to future generations by planting 26,150 saplings. We supported the success of our National Amputee Team, which has given great success to our country in the field of sports and became the world champion. In addition to these, it is shown among the most important leagues of the world and has achieved international success; With our belief in Turkish basketball, we gave our name to the Turkish Insurance Basketball Super League as the name sponsor of the Basketball Super League.”
Atilla Benli stated that they set out with a very important mission to transform the perception of insurance, to reach much wider segments of insurance and to contribute to the size of the non-banking financial sector reaching the level of the world average, and said that as Türkiye Sigorta, they look at the issue as a national duty. He underlined that while adding value to the lives of their customers in the coming period, they are focused on carrying the insurance business to the position it deserves as the leader company of the sector and the responsibility they take from the name of Turkey.