Page 30 - TurkInsurance Digital Magazine

28 at a glance

Chubb has a share in Turkey’s biggest construction and engineering projects

While construction industry as well as individual entrepreneurs with its integrated risk man-
continues to grow as one of agement solutions, while offering the best coverage to address the
the driving forces of Turk- customer requirements.
ish economy, Chubb offers
insurance solutions to the Buğday continues: “In addition to its services in Turkey, Chubb
most important construction provides insurance and reinsurance solutions in many coun-
projects in Turkey as one of tries where Turkish constructors operate. We provide insurance
the world’s largest publicly against sudden and unexpected risks for constructions and facil-
traded property and casualty ities that have been built with great effort and labor under an
insurer and one of the global extensive protection coverage, both during the construction and
leaders of construction and installation phases and post go-live phases. We also offer local
engineering insurance. solutions to projects in other countries where different risks and
regulations may apply.”
Emre Buğday, Country Pres-
ident of Chubb Turkey, says: One of the biggest product ranges
“According to the ‘Construc- Stating that ‘Construction in Turkey: Key Trends and Opportu-
tion in Turkey: Key Trends nities to 2022’ report also underlines construction industry will
and Opportunities to 2022’ report, Turkey’s construction indus- continue to grow from 2018 to 2022, Chubb Turkey’s country
try grew by 5.83 percent between the years of 2013 and 2017. President Emre Buğday adds: “The report emphasizes that 5
Especially infrastructural investments in transportation, housing thousand 300 kilometers of highways are planned to be complet-
and energy, as well as investments in the 10th Development Plan ed until 2023, and that giant construction projects have a total
have been the triggers of this progress. Chubb offers special and potential of 1.34 trillion TL, 58 percent of which comes from the
flexible insurance solutions for infrastructure and superstructure projects that are already under construction. It means that this
projects ranging from highways to dams and bridges. We are industry will continue to play a key role for Turkish economy in
one of the insurance companies that provided protection for the the coming years. Chubb is proud to serve engineering and con-
Third Bridge, Çanakkale Bridge, and Northern Marmara High- struction industry, therefore Turkish economy, with our experi-
way. Chubb has the necessary technical capability and financial ence and insurance solutions.”
strength to insure such huge projects.”
Chubb owns one of the largest product portfolios in the global
Turkish companies are insured abroad insurance market, offering more than 200 different commercial
As a brand of 130 years old, Chubb is one of the most experi- and individual insurance and reinsurance products, and adapts
enced global brands in engineering and construction insurance. them to fit the needs and demands of customers in Turkish mar-
The company offers protection for large multi-regional projects ket.

Zurich Sigorta is the best in Europe

Zurich Sigorta was named “Europe’s Best Insurance Company”
by LeFonti Awards, an independent publisher and research insti-
tution based in Milan; while company’s CEO Yılmaz Yıldız was
entitled to receive the “CEO of the Year in Europe” award for
the third time. After receiving these awards in 2016, 2017 and
2018, Zurich Sigorta is Turkey’s first company that has succeed-
ed in receiving these awards three years in a row. With more than
50 thousand readers, LeFonti determines the winners of LeFonti
awards through online surveys filled by readers, and the process
is finalized after researches conducted by the assessment com-
mittee.

Yılmaz Yıldız gave a speech during the ceremony organized in
Hong Kong, and said: “Our restructuring activities that began
in 2013 make a great success story. This success made us one
of the most profitable non-life companies in Turkey, and one of all these achievements as both Zurich Sigorta’s and Turkey’s
the most efficient companies in Europe. We consider the rewards achievements, and are proud to see them rewarded on interna-
we have so far received in customer satisfaction category as an tional platforms. I would like to thank our policyholders, business
indicator of our sustainable success. According to a survey con- partners and employees who all contributed to our success of re-
ducted with all Zurich employees around the world, we are the ceiving the title of “Europe’s Best Insurance Company” for three
best Zurich operation in terms of customer satisfaction. We see years in a row.