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Companies joining the auto-enrollment via Allianz get 25% discount

Auto-Enrollment System, which enables individuals to make sav- ual pension and auto-enrollment
ings during their active working lives and use those savings during systems.”
their retirements, reached 5 million participants and a fund size
of approximately 5 billion TL at the end of 2018. As a company During 2018, Auto-Enrollment
that keeps supporting the growth of this system through several System maintained a continuity
projects, Allianz Sigorta has extended its discount campaign until rate of 32 percent with 5 million
the end of April. Within the scope of this campaign, Allianz offers 193 thousand 288 participants
advantageous group complementary heath insurance plans for in total, out of which 1 million
companies that decide to work with Allianz for auto-enrollment 276 thousand 638 joined from
process. All companies that have joined the system via Allianz the public sector and 3 million
in 2017 and 2018 can enroll in this campaign and benefit from 916 thousand 650 joined from
discount rates up to 25 percent on their first group insurance the private sector. Türkölmez
purchases. highlighted that the exit rate
stood at 70 percent at the end of
5 million people participated in the system in two years system’s first year, and added:
“14.5 million people joined the
Taylan Türkölmez, General Manager of Allianz Yaşam ve Eme- system in two years; but only 5 million people decided to stay as
klilik and Allianz Hayat ve Emeklilik companies, stated that 8.5 of 2019 year-end. However, despite this high withdrawal rate,
percent of Turkish population was above the age of 65 which con- the fact that 5 million people chose to make savings within these
tinued to increase over time. He added: “Within the Turkish so- two years is of great significance. 2019 will be the last phase
cial security system where every two members of the workforce fi- of auto-enrollment system, during which 200 t0 400 thousand
nance one pensioner, those members of the workforce can receive companies with 5 to 9 employees will join. Therefore, we estimate
only 60 percent (on average) of their current salaries when they the market to reach 7 million participants and a fund size of 7.4
retire. Therefore, it is of vital importance to save in a disciplined billion TL at the end of 2019.”
manner in order to secure your future. The solution is in individ-

Your business is protected against cyber risks by Aksigorta

With its new product of “Cyber Protection Insurance”, Aksig- are now moving with an
orta is providing protection against sanctions that might be en- utterly different insur-
countered within the scope of data breaches and the law on the ance approach.”
protection of personal data. It also provides coverage for other
risks ranging from cyber blackmailing to media liability, from Extensive coverage op-
business interruption to cyber crimes. tions of Cyber Protec-
tion Insurance provides
Fahri Altıngöz, Assistant General Manager at Aksigorta, em- insurance for com-
phasized that new risks emerged in the insurance business with panies against many
technological developments. He added: “Threat imposed by cy- risks including illegal
ber-crimes on companies increase with each passing day. We electronic transfers
have observed that the number of cyber-crimes around the world from the policyholder’s
in 2018 doubled compared to those in 2014. In 2021, losses to bank accounts, illegal
be incurred due to cyber-crimes are expected to increase up to tampering of the data
6 trillion USD. These figures show that as insurance companies, stored in policyholder’s
we should change our perspective from the content of our prod- computer systems, or
ucts and services towards customer requirements and the marks even ransom demand
they leave on their lives. That is the approach with which we have under the threat of
developed the Cyber Protection Insurance.” damaging the policy-
holders computer systems.
Fahri Altıngöz added as follows:
“For us at Aksigorta, everything starts with the customers under Moreover, it provides coverage against compensation claims
our new insurance focus. We have gone through a long-running and defense costs arising from activities of defamation or in-
research phase to achieve that; we have listened to our customers fringement of copyrights, violation of titles, slogans, commercial
and analyzed the market. Now we know that we need to look and names, brands or right of privacy that could be conducted using
get out of the window that previously defined our perspective. the policyholder company’s website or social media accounts.
In this regard, we aspire to become an insurance company that The product provides coverage for losses that might be incurred
stands by its customers and acts as a solution for their require- by the policyholder as well as compensation claims from third
ments, while pushing the boundaries of insurance. That is why we parties.