Page 17 - Turkinsurance Digital Magazine

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We have issued a regulation on the provision of BES as an inte- ance Agency (DASK). The Natural Disaster Insurance Agency
grated assurance package together with life and health products, (DECA) distributes the damages that the insured cannot cover
and we anticipate that serious potential will be achieved in this on their own between the individuals through the pooling struc-
regard together with the communication and promotion strat- ture and plays a critical role in minimizing the damages caused
egies of our companies. In addition, we have also brought our by catastrophic risks. In accordance with the founding mission of
work to the final stage so that participants can meet their short- DASK, considering the recent natural disasters, we have started
term financial needs through partial traction without having to another important study together with the relevant parties.
leave the system and thus ensure continuity in the system.
As you know, the flood disasters that have occurred in our coun-
“While more than 82 thousand children try in the past months have brought to our agenda the issue of
what other types of natural disasters can be included in DASK.
under the age of 18 are included in the In this sense, considering the public interest in the types of addi-
system, the total fund size of these children tional guarantees of flooding and other natural disasters, includ-
ing by integrating a holistic natural disaster insurance compulso-
has reached 80 million TL” ry earthquake insurance mandatory started on the design of the
work is continuing.
We see that the course of the BES's fund size is still increasing.
In this regard, we can say that the increase in the size of the In addition to the earthquake, the risks that can be covered by the
fund has met our expectations. We expect this size to increase DASK are included in the Disaster Insurance Law No. 6305 as
even more with the transfers to BES from private pension service “earthquakes, floods, landslides, storms, hail, frost, avalanche
providers such as foundations, polling stations and associations. falls and similar natural disasters if insurance companies cannot
Accordingly, the inclusion of minors under the age of 18 in the provide coverage”. Therefore, when choosing the risks to be cov-
system has been an important driving force for the sector. In ered, these risks and the characteristics and capacity of the pool
addition to expanding the scope of BES, our other goal is to will be taken into consideration together in order to evaluate the
keep up with the existing participants in our system, which is disasters that affect our country and have a high frequency and
based entirely on volunteerism. For this purpose, we think that impact in the first place.
our steps such as the BEFAS application I mentioned, moving
fund performances further, integrated BES products and partic-
ipation-based BES will significantly increase participant satis- “Since the day we took office, we have
faction thanks to our steps. tried to put our communication with all
We have a vision to use the public recognition, which is one of
the strengths of BES, more and to collect all the long-term sav- stakeholders of the sector on healthy
ings to be made in our country centrally within our system. foundations and we continue in this

direction”
In addition to all these issues, taking into account the requests,
suggestions and complaints from our participants, we, as SED-
DK, continue our efforts with great effort to solve the dissat- As of 24/9/2021, the number of policies is 10,425,338 for com-
isfaction that may occur at the point of service delivery by the pulsory earthquake insurance, in a design where other natural
companies, and to use e-government and other digital channels disasters to be selected will be given as additional coverage to
more in the requests to be made with the participants. this policy, it is envisaged that coverage will be given to 10 mil-
lion or more insured persons in the first period to be implement-
DASK announced that it would also cover flood damages. ed.
What will be the pros of this application? What other guar-
antees look like they will be extended besides the flood? Of course, every new coverage in insurance causes an increase
in penetration. Developing the compulsory earthquake insurance
Undoubtedly, one of the most important issues that should be with new guarantees will certainly be a factor in the increase in
addressed from the point of view of insurance is insurance re- penetration, but the important thing here is that the assets, espe-
lated to natural disasters. As you know, one of our important cially the lives, of our 83 million citizens are insured. In this re-
organizations working to minimize the economic damage caused gard, all stakeholders, especially our insurance companies, have
by natural disasters, which we have observed has been on an important duties. As SEDDK, we will also support this issue.
increasing trend in recent years, is the Natural Disaster Insur-