TURKISH INSURANCE INSTITUTE

Turkish Insurance Institute (TII) was established on 29th May 1970, by the equal shares of the Association of the

Insurance and Reinsurance Companies of Turkey and the Milli Re.

The Institute has been established with the statute of "Foundation" according to the related decree of the Turkish Civil Code.

Since its establishment, the Institute has been in cooperation with

the universities, has led studies and researches on topics about insurance and has been in relation with the national and

international education institutes, in order to increase the competitiveness of the sector and to support its development.

Through its Basic Insurance Training Programme,

the Institute has brought around 25 % of the total employees in the sector.

REORGANIZATION

Taking into consideration the global changes, the Institute has entered a new

process of reorganization in 2007.

In this process, the Institute changed its mission, vision and adopted new targets.

OUR VISION

As the first and only organization in insurance training, research and

consultancy services in Turkey, the vision of TII is to be the reference institution in the Balkans, the Middle East and Central

Asia, in insurance education, research and in providing consultancy services.

 

OUR MISSION

•To increase the quality and efficiency of employment in insurance sector,

•To compose sectoral information which is accessible and easy to share

•To raise the awareness on insurance in the society through explaining the importance of insurance and introducing

insurance products •To raise the consumer awareness to decrease the number of claims for the purpose of increasing the profitability of

insurance companies,•Providing consultancy services to the markets of developing countries on the establishment of new

institutions.

ISO 9001: 2000 QUALITY SYSTEMS CERTIFICATE

ISO 14001: 2004 ENVIRONMENTAL MANAGEMENT SYSTEMS CERTIFICATE

INTERNATIONAL COOPERATION

•European Financial Certification Organization

(eficert)

• Institute for Global Insurance Education (IGIE)

•Federation of Afro-Asian Insurers and Reinsurers

(F.A.I.R.)

•Casualty Actuarial Society (CAS)/Society of

Actuaries (SOA)

OUR SERVICES

• National and International Training Programmes

•Research and Publications

•Library

•National and International Projects

•Consultancy Services

•Event Management

•Human Resources

NATIONAL & INTERNATIONAL TRAINING PROGRAMMES

•Basic Insurance Training Programme•Advanced Insurance Training Programme•Legislation Harmonization Training Programmes•Short Term Training Programmes•Tailor Made Training Programmes•Agencies Basic Insurance Training Programme (eficert)•Brokers Basic Insurance Training Programme •Loss Adjuster Interim Staff Training Programme•International Training Programmes

RESEARCH & PUBLICATIONS

• Research and Studies on Insurance Series

•Journal of Insurance Studies

•Symposium/Conference Books

• E-Bulletins

LIBRARY• Most comprehensive and up-to-date library on

insurance in Turkey.• Open to everyone with over 4000 Turkish and

foreign publications on insurance.• Online access is provided

– Turkish and foreign publications– Statistics– Activity reports– Professional periodicals– References

NATIONAL & INTERNATIONAL PROJECTS

TII drafts and implements national and international projects to

•Raise the awareness on insurance in the society through explaining the importance of insurance and introducing insurance products,•Raise the awareness of the related parties to decrease the number of incidents such as traffic accidents, fires etc. leading to claims,•Implement in Turkey, the vocational training standards recognized in Europe in finance sector,•Deepen the employment opportunities of the women and the young peole in Turkish insurance sector,•Increase the quality of the insurance vocational schools.

CONSULTANCY SERVICES

TII offers solutions specific to the corporations with its team composed of professionals and academicians. TII gives consultancy services,– To the R&D of the companies,– On various studies such as customer surveys, employee

surveys, product surveys directed to the market and public opinion,

– On the harmonization to the European Union of the institutions supervising and regulating the insurance sector in Turkey and abroad,

– On the establishment of the infrastructure of the new institutions of the developing countries.

EVENTS• NATIONAL INSURANCE SYMPOSIUMS

• INTERNATIONAL INSURANCE SYMPOSIUMS

• CONFERENCE SERIES

• INSURANCE EDUCATION SEMINARS

HUMAN RESOURCES

Private Employment Agency

•Identifies the working areas required by the insurance sector and the qualities of the people

employed in these areas•Directs the unemployed people to TII training

programmes in order to supply the qualified work force that the insurance sector requires.

•Directs those people willing to work for the insurance sector those areas that the insurance

sector requires.

TURKISH INSURANCE SECTOR

Undersecretariat of Turkish TreasuryUndersecretariat of Turkish Treasury

Deputy Undersecretariat of Deputy Undersecretariat of Turkish TreasuryTurkish Treasury

Directorate General of InsuranceDirectorate General of Insurance Insurance Supervisory BoardInsurance Supervisory Board

Insurance Insurance SpecializationSpecializationCommitteesCommittees

Pension Monitoring Pension Monitoring CenterCenter

TCIPTCIP Agricultural Insurance PoolAgricultural Insurance Pool

Association of the Insurance and Association of the Insurance and Reinsurance Companies of TurkeyReinsurance Companies of Turkey

Motor Insurance BureauMotor Insurance Bureau Assurance AccountAssurance AccountMember CompaniesMember Companies Motor TPL InsuranceMotor TPL InsuranceInformation CenterInformation Center

INSURANCE & REINSURANCE COMPANIES

WORKING AREA

2002 2003

2004 2005 2006 2007 2008

Insurance companies

58 55 53 53 53 54 53

Life 21 21 21 21 21 21 20

Non – life 37 34 32 32 32 33 33

Reinsurance companies

3 3 3 2 2 2 1

TOTAL 61 58 56 55 55 56 54

EMPLOYMENT IN INSURANCE & REINSURANCE

COMPANIESYear 2001 2002 2003 2004 2005 2006 2007

Companies

10,000

10,500

11,000

12,000

13,000

13,550

14,500

Agents60,000

65,000

70,000

80,000

85,000

87,000

-

TURKISH INSURANCE SECTOR – PREMIUMS

BRANCHES2008/1st Half Total

Premiums (€)Percent

(%)

Fire and Natural Disasters 527,866,612 17.72

Marine 94,398,409 3.17

Accident 138,888,779 4.66

Land Vehicles 836,603,217 28,09

Air Vehicles 3,933,237 0,13

Water Vehicles 27,870,561 0,94

General Loss 260,988,905 8,76

Land Vehicles Liability 571,900,821 19,20

Air Vehicles Liability 5,117,086 0,17

Public Liability 72,989,116 2,45

Health 403,169,966 13.54

Legal Protection 8,863,942 0.30

Financial Loss 14,467,114 0.49

Credit 11,055,037 0,37

Non-Life Total 2,978,112,572 100.00

Life 465,315,662 13.51

TOTAL 3,443,428,233 100.00

PREMIUMS & GNP(1000 €)

YearReceived Premiums

Ratio of Premiums in GNP

2002 1,540,437 1.3 %

2003 2,480,457 1.4 %

2004 3,449,003 1.5 %

2005 3,959,765 1.6 %

2006 4,588,030 1.7 %

2007 6,039,226 1.7 %

PREMIUMS PRODUCTIONPER CAPITA

(€)

2001 2002 2003 2004 2005 2006 2007

20.84 24.51 31.79 43.96 54.15 61.68 76.10

FOREIGN DIRECT INVESTMENT IN TURKEY

COMPANY INVESTMENT GROUPSHARE OF FOREIGN

INVESTMENT

AIG SİGORTA A.Ş. 

AIG MEMSA INC. (USA) 100%

AIG HAYAT SİGORTA A.Ş. 

AMERICAN LIFE INSURANCE Co. (USA)

99.60%

AVIVA SİGORTA A.Ş. 

AVIVA INTERNATIONAL HOLDINGS LIMITED (UK)

98.63%

AVIVASA HAYAT EMEKLİLİK A.Ş.

AVIVA INTERNATIONAL HOLDINGS LIMITED (UK)

50%

BAŞAK SİGORTA A.Ş.

GROUPAMA INTERNATIONAL (FRANCE)

56.67%

FOREIGN DIRECT INVESTMENT IN TURKEY -2

HDI SİGORTA A.Ş.HDI INTERNATIONAL A.Ş (GERMANY)

100% 

ERGO İSVİÇRE SİGORTA A.Ş.

ERGO GRUBU (GERMANY) 75%

BAŞAK EMEKLİLİK A.Ş

GROUPAMA INTERNATIONAL (FRANCE)

62.51%

GENERALİ SİGORTA A.Ş

GENERALİ B.V (ITALY) 97.39%

GÜNEŞ SİGORTA A.Ş.

GROUPAMA INTERNATIONAL (FRANCE)

30%

KOÇ ALLIANZ SİGORTA A.Ş.

ALLIANZ AG HOLDING (GERMANY)TOKIO MARINE (JAPAN)

84%10 %

  

FOREIGN DIRECT INVESTMENT IN TURKEY -3

KOÇ ALLIANZ HAYAT VE EMEKLİLİK A.Ş.

ALLIANZ AG HOLDING (GERMANY)TOKIO MARINE (JAPAN)

84%10%

 

LIBERTY SİGORTA A.Ş.

LIBERTY MUTUAL GROUP (USA)

90.40%

ANKARA EMEKLİLİK A.Ş.

AEGON (THE NETHERLANDS)

100%

NEW LIFE YAŞAM SİGORTA A.Ş

GLOBAL EQUITIES MANAGEMENT

99.99%

RAY SİGORTA A.Ş. TBIH (THE NETHERLANDS)

58.2%

EUREKO SİGORTA A.Ş.

EUREKO (THE NETHERLANDS)

80%

FOREIGN DIRECT INVESTMENT IN TURKEY -4

COFACE SIGORTA A.Ş.

COFACE (FRANCE)100%

TÜRKİYE GENEL SİGORTA A.Ş.

MAPFRE(SPAIN)80%

DENİZ HAYAT SİGORTA A.Ş.

DEXIA (BELGIUM) 100%

ZURICH SİGORTA A.Ş.

ZURICH INSURANCE COMPANY

(SWITZERLAND)

99%

FOREIGN INDIRECT INVESTMENT IN TURKEY

COMPANY INVESTMENT GROUP

SHARE OF INDIRECT FOREIGN

INVESTMENT

AXA OYAK SİGORTA A.Ş. AXA (FRANCE) 35.48%

AXA OYAK HAYAT A.Ş. AXA (FRANCE) 50%

FORTIS EMEKLİLİK VE HAYAT A.Ş

FORTIS(BELGIUM/THE NETHERLANDS)

92.7%

GARANTİ EMEKLİKLİK A.Ş.GENERAL ELECTRIC (USD)EUREKO (THE NETHERLANDS)

5%10%

ERGO İSVİÇRE HAYAT SİGORTA

ERGO GROUP (GERMANY) 67.54%

CARDIF BNP PARIBAS (FRANCE) 50%

VAKIF EMEKLİLİK GROUPAMA INTERNATIONAL (FRANCE)

11.10% 

YAPI KREDİ SİGORTA A.Ş UNICREDITO (ITALY) 47%

YAPI KREDİ EMEKLİLİK UNICREDITO (ITALY) 1%

THANK YOU

FOR YOUR ATTENTION…

ÖZGE ZİHNİOĞLUInternational Relations Unit Expert

ozge.zihnioglu@tsev.org.trhttp://www.tsev.org.tr