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Actuarial Society of Turkey becomes full Personal accident insurance against
member of the Actuarial Association of unexpected accidents
Europe Stating that accidents rank

number five among causes
Actuarial Society of Turkey of death in Turkey, Koray
has been accepted as the full Erdoğan, General Manager
member of the Actuarial As- of Ray Sigorta, said: “Ac-
sociation of Europe. Taylan cording to the 2017 statis-
Matkap, Chairman of the tics announced by Turkish
Actuarial Society of Turkey, Statistical Institute, number
gave a statement about this of deaths due to accidents
new development and said: is close to 8 thousand. This
“During the 41st General As- means that nearly 20 peo-
sembly of the Actuarial Asso- ple die due to accidents per
ciation of Europe, which was day, and 610 people die per
held in Utrecht (The Nether- month. Since these fatal ac-
lands) on 21 September 2018, cidents are unpredictable,
it was decided to organize an their material and non-material impacts on families are
electronic election for full quite extensive. Accidents can also result in disabilities.
membership. As a result of It is hard to predict them in advance. Therefore, the only
this electronic voting, Actuarial Society of Turkey became a full precaution is to buy a personal accident insurance policy.
member of the Actuarial Association of Europe.” Personal accident insurance kicks in after the death or dis-
ability of the policyholder, makes a lump sum payment to
Matkap continued as follows: “Actuarial Association of Europe the policyholder or his/her relatives; aiming to minimize
(AEE) was founded in 1978 with the aim of representing actu- the suffering of families and relieving them of their burdens
arial professional organizations in member countries of the Eu- to a certain degree.”
ropean Union, and making recommendations to several organs
of the European Union about actuarial issues in accordance with Setting off with the mission of standing by their custom-
the EU legislation. The Association represents 36 professional ers not only during losses but during the entire lifecycle of
organizations, 35 European countries, and nearly 25 thousand their insurance policies, Ray Sigorta offers them the new
actuaries. Full membership of Actuarial Association of Europe advanced personal accident insurance ‘Personal Ray’. In
brings crucial advantages for actuaries who are members of addition to standard compensations paid in case of death
professional actuarial organizations through Mutual Recogni- or disability, the new advanced product also covers doctors’
tion Agreement (MRA). According to the mutual recognition fees, and expenses of medication, radiography, hospital
agreement of Actuarial Association of Europe, which came into and other treatments within the scope of policy coverage.
force as of 1 January 2011, actuaries who are members of the Moreover, damages to third parties by the family members,
full members of AEE get a chance to work in other European attendants, and, if any, pets of policyholders are covered
countries.” within the limits of policy terms and conditions.

Recai Dalaş, CEO of Sompo Japan Sigorta, was appointed as the Head of Global
Retail Operations

Sompo Japan Nipponkoa, as the head of its global retail operations due to Sompo Japan
the international insur- Sigorta’s sustainable growth and profitability performance.
ance group operating in 32 With this appointment, Recai Dalaş, founder CEO of Sompo
countries, is one of Japan’s Japan Sigorta, will be the CEO of the global platform, being
and world’s major insur- responsible from the global retail operations and all countries
ance groups with over 30 except for Japan. He will continue his current duties as the
billion USD of premium CEO of the operations in Turkey in addition to his new duties.
production, more than 76
thousand employees and 28 Management of all countries in the retail line (except for Ja-
million companies. Having pan) from a central point in Turkey is regarded as an impor-
entered Turkish insurance tant message considering the economic circumstances of our
market with the acquisition country. This new structure indicates that İstanbul has begun
of Fiba Sigorta in 2010, to regain its value as a finance center with its geostrategic
Sompo Japan Group decid- position.
ed to appoint Recai Dalaş