Page 16 - Turkinsurance Digital Magazine

16 interview

become the driving force of our industry, primarily in the na- • We have relocated the Main Data Center to the Ankara region,
tional market and subsequently in the global market, through its where the earthquake risk is lower, while keeping the backup in
competitive solutions. Istanbul.

One of the most special aspects of our activities is the collabora- • Since taking over DASK, we have increased the fund size from
tion with Yildiz Technical University (YTU) to provide qualified the existing 10.5 billion TL to 23.5 billion TL in 2.5 years.
and talented workforce to our industry through the Non-Thesis
Master's Program in Business Administration. As part of this • When we took over DASK, we increased our payment capacity
collaboration between Turkish Reinsurance and YTU, we pro- from 25 billion TL, including funds and reinsurance protection,
vided scholarships to 30 students to support their education. to 117 billion TL. This capacity can be utilized twice for two
Additionally, we organized the participation of experienced pro- separate earthquakes that may occur within one year, each time
fessionals from our industry as guest lecturers, allowing students with the same amount.
to have practical exposure to the realities of the business world.
• As of November 25, 2022, we raised our maximum coverage
Being a global reinsurance company is a goal you talk about amount from 320,000 TL to 640,000 TL.
often. What are the paths you have taken and what you have
achieved in this field?
• By expanding the scope of Compulsory Earthquake Insurance
and transforming it into Compulsory Disaster Insurance, we will
As Turkish Reinsurance, another goal that we attach great im- complete our project in May.
portance to, besides increasing our domestic reinsurance capac-
ity and effectively managing the risks of our country, is to be- Thanks to the steps we have taken so far, all our departments
come a global reinsurance brand that "exports security". In the and our financial payment capability, we have completed our
globalized world of the 21st century, we always consider how
domestic and international markets influence each other and preparations to fulfill our responsibilities, and we have swiftly
how a natural disaster or technological advancement can have started our post-earthquake operations.
an impact on all actors without boundaries. We conduct all our
activities with a holistic perspective. In this regard, we provide o A group from our DASK Truck and damage assessment teams
reinsurance capacity to 35 insurance and reinsurance companies located at our Extraordinary Management Center in Ankara has
located in 21 countries. We take pride in exporting security to been deployed to the region.
68 different countries across five continents. Furthermore, in
response to the capacity needs arising from the market and in- o Immediately after the earthquake, we initiated our operations
dustry developments in 2022, we have strengthened our position with our teams at the Extraordinary Management Center in An-
in the international context by supporting both local and global kara, with the participation of our Istanbul teams, and we con-
markets in the treaty reinsurance renewals for 2023. Addition- tinue our work.
ally, our Technopark company T-RUPT, established with 100%
Turkish Reinsurance ownership, aims to export the technologies o In addition, based on the assessments made by other public
it will develop by scaling its products in the reinsurance and cat- institutions, we started the damage process and rapidly initiated
astrophic modeling fields. I am delighted to share that T-RUPT payments without even waiting for notifications from our poli-
has started serving the Turkish insurance sector with its cata- cyholders. Within less than 24 hours after the earthquake, we
strophic modeling product, CATMOD. made our first damage payment.

You have been the technical operator of DASK since 8 Au- As of April 10, we have made a total of 18 billion TL in damage
gust 2020. What kind of process did you manage after the payments to our citizens.
sad earthquake disaster in the past period?
Key initiatives:
As Türk Reasürans, since 8 August 2020, when we took over the
Technical Operator of TCIP, we have carried out and continue "Advance payment as a first in DASK”
to carry out many works that will create benefit and value for
DASK. • To provide immediate support in helping our citizens recover
and ensure financial security from the outset until the completion
• On November 22, 2022, we inaugurated the Extraordinary of the damage assessment process, we initiated the practice of
Management Center of DASK in Ankara. advance payments in DASK, a first in our industry, on February
27, 2023.
• To ensure the continuity of operations during earthquakes, we
have upgraded DASK's technological infrastructure. • As part of this initiative, for collapsed buildings, buildings
that require urgent demolition, and heavily damaged buildings,
• We have enabled the notification systems to achieve a re- policyholders receive an advance payment equal to 20% of the
sponse speed that meets the demands of the day. As a result, we insurance amount. For moderately damaged buildings, an ad-
can receive unlimited damage reports simultaneously and open vance payment of 10% of the insurance amount is provided to
96,000 damage files within 24 hours. our policyholders.