Page 19 - Turkinsurance Digital Magazine

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Türkland Sigorta is acquaired by Maher Holding

ent Uluçeçen stated that Maher Holding’s investments in the
insurance market began with Quick Sigorta, and would con-
tinue without losing any pace. He added: “Quick Sigorta has
become a huge success. Its digital attitude and management
approach that was shaped around this attitude, as well as its
highly efficient communication processes which I call “so-
cio-digital” processes, have made a great contribution to the
insurance market. Türkland Sigorta will enter the market with
lots of changes and differences, which will be detailed later
on. Two companies will be completely independent from each
other. I am sure that Türkland Sigorta will show a successful
performance, just like Quick Sigorta has so far achieved. On
this occasion, I would like to express my love and respect for
all the former managers of Türkland Sigorta who brought the
company to these days as a healthy operation. They handed us
Maher Holding entered the insurance market two years ago a very clean company.”
with Quick Sigorta brand. The company has recently acquired
Türkland Sigorta following the approvals by the Undersecre- Sertem Demir, who has been appointed as the new general
tariat of Treasury. Mahmut Erdemoğlu, Chairman of Maher manager of Türkland Sigorta, said they would rapidly com-
Holding, attended the acquisition and signature ceremony plete the transition period: “We will have new colleagues who
which was held at the head office of Türkland Sigorta; and will join the existing team. Our restructuring and planning
they signed the final papers together with Omar Bilani, Chair- works are about to be finalized in line with our targets. We
man of Türkland Sigorta. Mahmut Erdemoğlu stated that in- will accelerate our activities as soon as possible, and start pro-
corporating the second insurance company in their business ceeding as another successful insurance company under the
in only two years indicated the importance they attached to roof of Maher Holding.”
this sector, and that they were proceeding to become one of
the major players in the market. He said: “Our insurance and
technology investments began with Quick Sigorta, but they
will continue. Investment is a necessity for a strong and grow-
ing Turkey; and we will continue our investments without in-
terruption in light of this awareness.”
“Two companies will operate independently”

Levent Uluçeçen, CEO of Maher Holding, met with the new
Board Members of Türkland Sigorta and informed them
about the new investments planned for the coming years. Lev-

State Supported Credit Insurance is in by Halk Sigorta. At first step, SMEs with a turnover of 25
million TL and lower can benefit from the new product. SMEs
force will be able to buy State Supported Credit Insurance within
limits up to 300 thousand TL. Per receiver. SMEs account for
99.9 percent of all businesses operating in Turkey, and almost
State Supported Credit In- none of them have credit insurance protection.
surance for Small and Me-
dium Enterprises by the SMEs will breathe a sigh of relief
Ministry of Treasury and Fi-
nance is valid as of 1 Janu- Murat Çiftçi, CEO of IBS Insurance and Reinsurance Broker-
ary 2019. As in compulsory age, shared his comments on the product: “Credit insurance is
traffic insurance and DASK on the market for a while now, but it was not very effective for
(compulsory earthquake in- SMEs. With the initiation of the State Supported Credit In-
surance), the new product surance, SMEs are expected to breathe a sigh of relief as of 1
will work in a pool system. January 2019. We believe that this new product will seriously
All insurance companies put the markets at ease by accelerating the economic cycle.
wishing to become integrat- Today, any SME will tell you this: ‘Yes, I can sell some things,
ed in the system will be able but I have question marks in terms of generating returns for
to issue policies from this my sales.’ Thanks to State Supported Credit Insurance, our
pool, which will be managed
SMEs will no longer be overwhelmed by those worries.”