Chubb celebrates its 10th year in Turkey
 
 

With a history that goes back as far as 1882, Chubb continues its activities in 54 countries and regions. The brand has one of the largest product portfolios of the global insurance sector, offering corporate insurance and reinsurance products and services for over 200 multinational companies and SMEs. Chubb offers many insurance solutions for retail customers as well.

 

Emre Buğday, Chubb Turkey Country President, gave a speech during the press meeting organized for Chubb’s 10th year in Turkey. He underlined that Chubb Turkey had significant achievements in those years. He listed Chubb’s 10 achievements in 10 years as follows:

 

Exclusive Business Model

 

“We have an exclusive business model: We adapt Chubb’s global products and services into the requirements and demands of Turkish market. This is one of our most important features that distinguish us from other players in the market. We know that every business, every customer have different needs; and we design the most suitable solutions for them in accordance with our global experiences.”

 

Experience and knowledge

 

“Turkey is one of the countries with highest number of cyber-attacks in Europe. With a wide range of cyber security insurance products, Chubb is among the leaders of cyber security in Turkey. We have over 20 years of experience in cyber insurance on a global scale. Our customers in Turkey are benefiting from this knowledge and experience in this field.”

 

“Moreover, we are the market leader in directors and officers liability insurance. As the business world builds awareness on this matter, the demand for this product grows in Turkey.”

 

“We offer multinational insurance solutions for Turkish companies operating overseas. There are different laws and legislations in foreign countries, which is a reality requiring a special expertise. As Chubb, we offer local solutions with global expertise.”

 

New products

 

“One of our latest products we brought into the Turkish market is Port Operator Liability Insurance. The product is a third party insurance solution developed to address the requirements of the port sector.”

 

Mega projects

 

“As one of the leaders of construction and engineering insurance in the global market, we support the largest construction and engineering projects in Turkey. We are one of the companies who provided insurance for projects such as the Third Airport, Third Bosporus Bridge, Çanakkale Bridge, Northern Marmara Highway and metro construction. We offer flexible and customized insurance solutions for all manner of construction and engineering projects from the smallest scope to the largest.”

 

Excellence in service and claims

 

“Chubb is assertive in service and claims. We aim to offer the same quality of service to our customers at all times. Our success in claims processes bring us one step ahead of our competition in the market.”

 

“When underwriting and our service culture is considered, operational excellence and application are among our topmost priorities. In addition to underwriting discipline and profitability, operational excellence and application are among the basic principles of our company.” New markets “Chubb Turkey’s activities go beyond the borders of the country. In recent years, we have been providing operational support for Chubb’s offices in the Middle East. Plus, we have started to offer reinsurance solutions in foreign countries.” Operational strength “We have reinforced our position in Turkish market. Chubb Turkey is a branch of Chubb European Group. We were rated AA by Standard & Poor’s, and A++ by A.M. Best.” “Turkey harbors a great potential for insurers with its demographics, young population and geopolitical location Turkey is a very important market for Chubb, too. I am very pleased with our growth and performance in these 10 years,” said Emre Buğday, Country President of Chubb Turkey.

 

 

 
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