Page 16 - TurkInsurance Digital Magazine

14 at a glance

“Specialized” insurance for Solar Power Plants

Providing insurance services it to the government. In this system, the price and buyer are
with the philosophy of “spe- pre-determined. Currently, anyone can produce electricity with-
cialization”, Quick Sigorta out getting a production license up to 1 megawatts. You need
applies the same approach to license to produce electricity over 1 megawatts. The GES Insur-
its most recent GES Insurance ance we talk about generally consists of unlicensed power plants
(Solar Power Plant Insur- that produce up to 1 megawatts of electricity. Construction of
ance) product. Ahmet Yaşar, such power plants nearly costs 1 million 250 thousand USD.
General Manager of Quick total insurance premiums amount to approximately 5 thousand
Sigorta, shared his comments USD for an average 18-moth package. Recently, more insurance
on the GES Insurance and companies have entered in this market, but with standard prod-
the insurance requirements of ucts. In this area, Turkey has special problems and requirements
solar power centrals. Turkey of its own. What we mean by specialization and customizing
has begun to understand the products to address customer requirements is being flexible, pro-
value of solar power in recent tecting policyholders from being victimized by complex technical
years as one of the best solu- terms and standing up for their rights. In this line of business,
tions against global warming. you need to understand the needs of the field very well. Our mot-
That’s why, the number of so- to is to ‘place a premium on goodwill’.”
lar power plants increases on
a daily basis; and they seriously need insurance. Yaşar added that one of the major problems in solar power is
the theft of power plant cables: “Since the copper wires used in
Unlike many other insurance companies, Quick Sigorta offers those plants are highly valuable, they attract thieves frequently.
GES insurance in accordance with its own philosophy by custom- Think for a minute that the hail events in İstanbul hit one of
izing it according to customer requirements. “In the insurance the solar panels. Crows are a totally different risk. Crows con-
business, you must listen to and understand your clients, and stantly pick-up and intentionally drop walnuts so that they can
offer them customized services. We offer this insurance product break and eat them. They can easily break panels, if hit. But the
within the scope of a special program. It is not a package of biggest risk is the snow weight accumulated on solar panels in
policies, but rather a program that includes customization and areas with heavy snowfalls during winter. It bends the bearings
specialization. Every facility is located in a different place un- of the panels. Being struck by lightning is another issue. For
der different geographical circumstances; therefore each central these plants, not using lightning rods is better than using them;
owner has different requirements. That’s why we need to listen because you immediately amplify the risk the moment you install
to the owners, constructors, assemblers, and investors careful- it. We try to learn all those risks from the investors, analyze
ly; and draw up policies that is customized for their needs and them properly and create an average price that will address them
for the circumstances surrounding their facilities,” said Ahmet the best. That is why we can provide coverage for such risks.
Yaşar, General Manager of Quick Sigorta. Currently, we are working on the low performance issues due to
radiation. This means that we will even be able to provide cover-
In Turkey, the state guarantees to buy electricity from solar age against the risks posed by the sun itself,” he said.
power plants. Therefore, unlicensed electricity producers sell

Robot Sophia visits Turkey under the Marketing Meetup, which was held on April 19 under the theme
of ‘experience’, hosted a very important guest this year.
assurance of Anadolu Sigorta Developed by Hanson Robotics and the researches of Las Vegas
University as the world’s first humanoid robot, Sophia was one
of the most striking guests of the event which was organized at
Uniq İstanbul. During her visit from Hong Kong to İstanbul, So-
phia was insured by Anadolu Sigorta. Sophia’s insurance policy
that covers her travel risks was presented to her as a part of the
event. 50 lucky attendees who registered at the Anadolu Sigorta
booth during the Marketing Meetup event got a chance to pos-
sess Anadolu Sigorta’s Individual Cyber-Security Insurance for
the first time. Providing covers for individuals against identity
theft, fraudulent and abusive use of payment tools, online shop-
ping conflicts, and loss of reputation in virtual environment; In-
dividual Cyber-Security Insurance received a great deal of atten-
tion from the attendees of the event. The product was explained
in detail at the Anadolu Sigorta booth. In addition to certain
amount of coverage against risks and legal advisory services,
the product also offers personal password theft coverage and
computer assistance services.