Page 22 - Turkinsurance Digital Magazine

20 at a glance

Marsh will expand the demand for bond insurance in Turkey

With its Bond Insurance product that offers significant con-
veniences in every field, Marsh aims to increase the demand
for this product in Turkey. Hakan Kayganacı, CEO of Marsh
Turkey, gave a statement about bond insurance; and talked
about the advantages of Bond Insurance as an insurance pol-
icy that offers the features of traditional letters of guarantee
issued by banks. He stated that other types of insurance had
two contractual parties, whereas Bond Insurance had three,
which consist of “principal (debtor)”, “beneficiary (obli-
gee)” and the “surety” who issues the letter of guarantee
by underwriting the Bond Insurance. Kayganacı said: “This
type of insurance is a guarantee that the obligee will receive
their payments in case the principal does not fulfill their con-
tractual or legal obligations. Thus, Bond Insurance provides
guarantee for the responsibilities of the principal.”
issuing surety bonds (letters of guarantee), reviewing con-
The only broker with a dedicated department for Bond tracts etc. Underlining that Marsh is able to create highly
Insurance competitive circumstances and find and develop surety solu-
tions for its customers thanks to their long-term relations
with global guarantors, Kayganacı added as follows: “Marsh
Kayganacı stated that Marsh’s Financial and Risk Solutions
(FinPro) Department dedicated to Bond Insurance offers all is differentiated from its competitors by being the only bro-
manner of services for its customers such as providing capac- ker with a dedicated department for this insurance within its
ity from local and global insurance/reinsurance companies, global structure.”

Aksigorta supports its employees for MBA degree

Aksigorta provides support for that employees could personally apply for the MBA support
employees wishing to receive to become a candidate, and added as follows: “We support
an MBA degree. If they are all our employees who wish to undertake the responsibility
deemed eligible according to of personal development and study MBA. In this respect, we
the criteria the company has are working with Sabancı University as a part of Sabancı
determined, employees can re- Group and a very valuable academic resource on a global
ceive 50 percent of the fee for platform. All Aksigorta employees wishing to discover and
the MBA (English) program by develop their potentials can apply for our MBA support by
Sabancı University. submitting a statement of proposal. After the evaluations are
completed, we pay for 50 percent of the fee required to study
Ayşegül Gürkale, Assistant MBA at Sabancı University.”
General Manager of Human Resources at Aksigorta, stated