Page 5 - Turkinsurance Digital Magazine

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2020 Assessment by Atilla Benli, Chairman of the Insurance Association of Turkey

Atilla Benli, Chairman of the Insurance Association of Tur- bution of 1 billion 679 mil-
key, underlined that many extraordinary things happened all lion TL against all these dis-
at once in the past year. “We are proud to be standing by asters during 2020.”
our policyholders and doing our part by explaining insurance
exists for extraordinary circumstances such as earthquakes, We are happy to see an
floods, and pandemic outbreaks,” he said. increased demand for
insurance
Insurance Association of Turkey (TSB) issued a statement
emphasizing that they are proud to see insurance and pension Benli stated that the market
market initiated exemplary practices in 2020, when we had to completed claims payments
face many challenges at once. All those events made a great rapidly to provide relief for
contribution to increasing insurance awareness, while reflect- suffering policyholders. “As
ing on the year-end results thanks to rapid actions taken by the insurance market, our
the market. Atilla Benli stated that 2020 was a tough year priority is to satisfy our pol-
for everyone as earthquake, flood and hailstorms happened in icyholders and simplify their
addition to the coronavirus outbreak. lives. We have been truly happy to see an increased interest
in insurance. As a result, in 2020, premium production of in-
“Insurance market allows people to be confident about tomor- surance market has increased by 19.3 percent compared to
row by insuring their risks. In 2020, we saw the importance of the previous year; reaching 82.6 billion TL in total. Premium
being insured and how an unexpected risk such as a pandemic volume of non-life insurance reached 68.1 billion TL, up by
outbreak can impact the world in such a great scale. Since 17.1 percent; and life insurance reached 14.4 billion TL, up
the first day of the coronavirus outbreak, we have taken many by 27 percent. Private pension funds continued to write new
steps towards supporting our State and Nation and worked success stories with non-stop growth in volume. According to
tirelessly to stand by our policyholders. We took action to en- the statistics announced by the Pension Monitoring Center as
sure that treatment costs arising due to pandemic are paid of 31 January 2021, total number of BES and Auto-Enroll-
by private health insurance policies, even though it was not ment participants exceeded 12.6 million, bringing total fund
included in the standard scope. As per the recommendations size (including state subsidy funds) to nearly 170 billion TL.
issued by our Association, the market extended the payment To top it all, increased awareness of our citizens attracted the
terms for policies, along with other payment conveniences. We attention of new investors. Thanks to the trust instilled in the
took swift actions following the earthquakes as well as floods market by our companies, ISE Insurance Index was among the
and hailstorms that occurred in summer months, and rapidly best-performing ISE indices with 72 percent in 2020,” Atilla
initiated loss adjustment and claims payment processes. We Benli added.
paid a total of 717 million TL for earthquakes that hit Elazığ
and Malatya on January 24, and İzmir on October 30. For Benli said that all players of the insurance market adopted a de-
pandemic related losses, we paid 425 million TL in life insur- voted and solidarity-based approach, including insurance com-
ance branch and 137 million TL in health insurance branch. panies, agencies, experts and brokers.
This brings the total of payments made for the big events of
2020 to 1 billion 279 million TL. As a result of the actions “We are happy to have brought insurance into a better view
taken by insurance companies and recommendations by the as a long term stakeholder that stands by them through thick
Association, an additional 400 million TL premium support and thin. We will keep working eagerly to provide value for our
was provided for policyholders. In the end, we are rightfully country and our citizens, while continuing to express the impor-
proud that our market has provided a total support and contri- tance of insurance.”

Aksigorta’s Digital Security Platform has reached over 100 thousand unique
visitors

Aksigorta’s new social responsibility target group. It has reached over 100 thousand unique visitors
project called “Digital Security Plat- in 2 months, and has been visited more than 140 thousand times
form” has received great deal of inter- in total. An average visitor spends more than 1.5 minutes on the
est since it was launched in November. platform, and therefore enhances awareness about digital security.
The platform has so far reached 100 Having already become a significant source of reference and
thousand unique visitors. On average, knowledge about digital security and cyber-attacks, Digital Secu-
one visitor spends more than 1.5 minutes at the website to gain rity Platform provides a rich content for businesses, families and
awareness about digital security. individuals. The website offers free online digital security trainings
by experts from Boğaziçi University, videos towards increasing
Aksigorta kicked off a social responsibility project in November digital awareness, latest news about the digital environment, nu-
to ensure that people get digital with awareness. Digital Security merous researches, reports and articles published both in Turkey
Platform was launched as a free service to serve as a social benefit and other countries, case studies from around the world, and ex-
platform, and has so far attracted great deal of interest from the amples from state policies and legal arrangements.