Page 31 - TurkInsurance Digital Magazine

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Anadolu Hayat Emeklilik’s Youth Pension Plan reaches 100 thousand participants

Youth Pension Plan, a tomatic payment orders. 85 percent of our participants try to
pension plan specially pay for their contributions themselves through their own cards or
launched by Anadolu accounts, either by working or by creating their own budgets from
Hayat Emeklilik to in- the money they receive from their families.”
sure the future of young
people, has reached 100 Young people believe in the importance of saving due to
thousand participants. their concerns for the future
The plan is preferred by
young people who do not M. Uğur Erkan also shared the results of the research conducted
choose to leave their fu- by Anadolu Hayat Emeklilik among young people; and said that
tures up to chance, and young people were concerned about their future and that they
is offered to participants believed in the importance of savings towards leading more com-
between the ages of 18 to 25. Stating they were happy with the fortable lives and realize their wishes and dreams in the future.
attention this plan has so far attracted as it indicates that Indi- Erkan added: “However, according to young people, saving takes
vidual Pension System (BES) has become popular among young precedence over living in the moment. We must explain to them
people; M. Uğur Erkan, General Manager of Anadolu Hayat Eme- that BES is a system that helps them live in the moment and
klilik said: “Number of participants increases with each passing continue to save with small amounts at the same time. They also
day. We have reached 100 thousand participants in a very short consider saving for retirement as “too early to plan”. Experience
time in Youth Pension Plan, which keeps increasing constantly. is a very important factor for them to prefer a specific compa-
Since we launched this new plan, our company’s number of young ny. They expect a pension company to be an expert in its field,
participants has surpassed market average more than twofold.” transparent and reliable. They join the system as aware of the
Erkan said that age average of the active participants of Youth advantage of 25 percent state-subsidy. They want to benefit from
Pension Plan was 21.7. He detailed the payment tendencies of discounts and advantages that will help them cherish the moment
young people in the system as follows: “Active participants in while saving for the future at the same time. They generally make
our Pension Plan for Young People pay 131 TL monthly contri- their buying decisions themselves. They prefer to communicate
butions on average. They generally pay with credit card or au- and do transactions over digital channels.”

Having recorded a turnover of 9.2 billion traffic insurance and
health insurance as
TL in 2017, Allianz Turkey does not slow well; with 1.5 billion
down in 2018 TL premium volume
and 11.8 percent
market share in traf-
Aylin Somersan Coqui, CEO of Allianz Turkey, and Ersin Pak, fic, 1.8 billion TL pre-
CFO of Allianz Turkey organized a press conference to evaluate mium volume and 35
the financial results of 2017 and share the targets for the coming percent market share
period. Somersan Coqui said: “We have completed a year that in health insurance.
deeply impacted the global economy with economic and geopolit- Allianz Turkey’s
ical developments. During this challenging year, Turkey’s econo- share in motor own
my grew driven by the incentives such as Credit Guarantee Fund, damage (kasko) stood
despite the decisions of credit rating agencies and increasing in- at 10.8 percent with a premium volume of 746 million TL; while
flation. During this period, the insurance market grew but was reaching a total premium volume of 1.1 billion TL and a market
also impacted by the natural disasters that are felt more severely share of 7.4 percent in non-auto lines. According to consolidat-
with each passing year and by unexpected regulatory changes. In ed results, Allianz Turkey maintained its second position in life
such an atmosphere, as the three companies of Allianz Turkey, insurance with a premium volume of 752 million TL and a mar-
we have maintained our leadership position with the power we ket share of 11 percent; while ranking third in individual pension
derive from the Allianz Group. We have maintained our financial results with a fund volume of 13 billion TL, 890 thousand par-
strength in the market with an asset size of 22.8 billion TL, pre- ticipants and a market share of 16.6 percent. Highlighting Alli-
mium and contribution volume of 9.2 billion TL, and a net profit anz Turkey’s balanced portfolio structure during her statement,
of 807 million TL. We continued to create value for our custom- Aylin Somersan Coqui said: “The reason behind our financials
ers, shareholders, distribution channels, employees and society.”
that remain strong despite the regulatory changes and natural
catastrophes is our balanced portfolio. Thanks to such a balanced
Allianz Turkey is active in all branches portfolio and strong financials, we can invest in research and de-
velopment activities; we can take actions for sustainability, dig-
Being active in all branches with a balanced portfolio, Allianz italization and innovation; we strengthen our infrastructure and
Turkey maintained its leadership position in non-life insurance continue our investments in order to offer the best and fasters
with a premium production of 5.1 billion TL and a market share services to our customers.”
of 12.9 percent. The company closed the year as the leader of