Page 9 - Turkinsurance Digital Magazine

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Türkiye Sigorta has Announced its Efforts and Financial Results in the Earthquake Zone

Türkiye Sigorta, a company that draws significant trust both domestically and Benli emphasized that they are a company
its strength from its name, has announced internationally. with the purpose of being present in all
its ongoing efforts since day one to swiftly aspects of life and using their power
heal the wounds in the earthquake- Benli emphasized that Türkiye Sigorta for the greater good. He stated, “In the
stricken region, which witnessed the has increased constructive competition earthquake-stricken region, we have
disaster of the century. They have also in the sector and stated, “As Türkiye provided material and cash assistance
shared their financial results and future Sigorta, we have a great ambition and to meet the needs. With our Tek Yürek
vision for the first quarter of 2023. aim for leadership in all branches. (One Heart) Building and Household
Within the scope of our core strategy of Insurance, we have opened homes for
As the leading company in the insurance sustainable leadership, we continue to affected citizens to find shelter. While
sector, Türkiye Sigorta organized a maintain our sector leadership in the first the construction of permanent housing
press conference to share their financial quarter of 2023, with Türkiye Sigorta continues, we have established Türkiye
analysis for the year 2022 and the first achieving 12.2 billion TL and Türkiye Sigorta Village to address the immediate
quarter of 2023, as well as their future Hayat Emeklilik generating 2.7 billion housing needs. We have stood by our
vision concerning the work carried out TL in premiums. Furthermore, in April citizens through the healing power of
in the earthquake zone. Atilla Benli, 2023, we have a fund size of 104.1 billion unity and solidarity, enabling them to
the CEO of Türkiye Sigorta, who TL in the individual pension system, escape from the psychological effects of
hosted the meeting, began his speech continuing to experience the pride of the disaster to some extent. During the
by acknowledging the pain and sorrow being Turkey’s Sigorta (Insurance). We month of Ramadan, we have set up iftar
of starting the centennial year of the will carry the momentum we achieved in tables in 11 provinces to be alongside our
Republic, which they embarked upon with 2022 into 2023 and continue to enhance fellow citizens.”
great ambitions, with the catastrophe it, in a manner befitting the centennial
that deeply affected the Turkish people year of our Republic. Additionally, 2023 Benli continued his statement as follows:
on February 6th. will be a year in which we will solidify our “We are not just an insurance company.
goal of becoming an insurance company We are the brand of Turkey; a social brand
Benli said: “In our journey, which began operating internationally.” that empathizes with Turkey’s concerns
three years ago with a major merger, we and rejoices in its happiness, investing
are proud to solidify our position as the Atilla Benli, expressing that they in the social, cultural, and economic
leading company in the insurance industry have been working in coordination development of our country. We are
in our country. Türkiye Sigorta achieved with relief organizations and relevant Türkiye’s Sigorta (Insurance), working
significant growth in premium production government agencies since the first day with the understanding of utilizing our
in 2022 compared to the previous year, of the earthquake, which affected 11 strength for the greater good and striving
with a growth rate of 114.2% in non-life provinces and approximately 14 million to make a difference in every moment of
insurance and 74.8% in life insurance. citizens, stated, “We have set up damage life. As we have done so far, in 2023, we
Moreover, there was an 84% growth notification tents and directed our mobile will continue to provide the most suitable
rate in the pension insurance branch. damage and information centers to insurance solutions for the needs of our
Prior to the merger, Türkiye Sigorta and the region to ensure that damages can policyholders, maximizing benefits for
Türkiye Hayat Emeklilik increased their be quickly assessed and processes can both our country and our citizens. We
asset size by 237% during the period from commence. So far, we have received will continue to serve the strong and
2019 to 2022, reaching approximately 43,000 non-life damage notifications and great vision of Turkey’s future with
140 billion TL. They demonstrated a opened 5.7 billion TL worth of damage utmost dedication through our direct and
growth of 198% in premium production claims. In the life insurance sector, we indirect contributions to our country and
and a 262% increase in fund size, have received 6,158 file notifications, economy. In the year 2023, we will carry
resulting in a net profit increase of 98% with a total damage amount of 403 out our activities in a manner befitting
to 4.3 billion TL.” million TL.” the centennial year of our Republic.”

Continuing his speech, Atilla Benli
expressed his gratitude to all employees
and stakeholders for the achieved
success, saying: “With the insurance
capacity created by the merger of six
companies and the synergy it generated,
we have emerged with this great strength,
delivering more value to everyone from
policyholders to investors, despite the
adverse events that have affected the
world in recent years. We have enhanced
our asset size and capital, gaining