1 / 15

EUREKO EUROPEAN PRESENCE

EUREKO EUROPEAN PRESENCE. Irelan d. Russia. The Netherlands. Belgium. Slovakia. Romania. Bulgaria. Turkey. Greece. Cyprus. |. TURKEY IS ONE OF OUR 3 CORE COUNTRIES. GREECE. RUSSIA. TURKEY. Strong operational results Top 5 ambition

candid
Download Presentation

EUREKO EUROPEAN PRESENCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EUREKO EUROPEAN PRESENCE Ireland Russia The Netherlands Belgium Slovakia Romania Bulgaria Turkey Greece Cyprus |

  2. TURKEY IS ONE OF OUR 3 CORE COUNTRIES GREECE RUSSIA TURKEY • Strong operational results • Top 5 ambition • Growth potential in large,attractive market

  3. INTERNATIONAL HUMAN DEVELOPMENT INDEX Turkey NL • Population:75 M16.6 M • Expenditure of GDP for Health:5 %10 % • GDP:13,359 USD41,000 USD

  4. 4 WHY INTERNATIONAL PRESENCE MATTERS • Growth • Risk diversification • Importing and exporting competences • Attracting talent • Strategic flexibility

  5. Non-life GWP (denominated in US$) TURKEY HAS A LARGE UPSIDE POTENTIAL Non Life regression, 2006 5 Large upside potential in Turkey Netherlands 4 Ireland Germany Spain 3 Bulgaria Czech Rep Premiums as % of GDP Ukraine 2 Poland Hungary Turkey Russia 1 Greece Romania 0 5,000 10,000 45,000 50,000 55,000 0 15,000 20,000 25,000 30,000 35,000 40,000 GDP per capita, US$ Source: Swiss Re, EIU, McKinsey, Eureko estimates

  6. FIRST AMONG OPERATIONG COMPANIES • Sound profitability: TL 43 million profit last year – meeting our high expectations • 5.4% Market Share, Rank 9 – moving toward our goals • Competence: Number one in bank assurance • Potential for scale: low insurance penetration (1.3% of GDP vs 11% in the Netherlands) Eureko Sigorta 38% Division Europe GWP Non Life

  7. EUREKO SIGORTA – 2010 AND BEYOND • Deepening partnership with Garanti Bank • More simplicity and trust - with customer focus • Increase market share to 8% by 2013 and a top 5 position • Expand in Motor and Health markets • Accelerating best practice transfer

  8. MANAGED COMPETITION ON THREE MARKETS Insured Patient market Government Health insurer Provider Insurance market Providers market 8

  9. PROCESS HEALTH INSURANCE WITH FOCUS ON RISK Health Care Insured Health risks Complaints Diagnosis Therapy More effective care Risk- manage- ment Process- manage- ment Feedback Insurer Feedback Transactions Premiums based upon health risks 9

  10. Focus on costsLow quality Focus on quality Low costs

  11. TURKISH HEALTH MARKET • Turkey has a “Duplicated” Private Health market, meaning that private health insurance is offering an alternative to the already in place social coverage. • As an alternative, it offers access to high quality private healthcare, with freedom of choice, while avoiding queues. • Increasing interest and expenditure in healthcare services. • Low penetration of Private Health Insurance (PHI) in combination with vast population offers large upside potential. • Young population with increasing awareness in health as an attractive client segment. • Well established private healthcare sector allows insurance companies to build strong sustainable business models. • (Future) Healthcare reform measures allow potentially for further growth opportunities. Healthcare expenditure as % GDP +65% Source: WHO Private Health Expenditure as % of total -4% Source: WHO

  12. THE DUTCH MARKET FOR TURKISH PEOPLE Market share urban areas • 25% of the Turkish people in the Netherlands are insured at Agis. The market share of Agis and other Achmea labels together is > 50% • The Turks do visit their homeland often and when they do, they need health care • That’s why Agis has an office in Turkeyand meets the customers in Turkey frequently

  13. AGIS TURKEY • Contract with most important health professionals in Turkey • Guiding towards suitable health care • Elective care, dialysis, IVF treatments, second opinion etc. • Personal contact when needed • Office in Istanbul • Network all over Turkey • Call centre - in- and outbound (Dutch, Turkish, English) • Client does not have to pay immediately • The costs will be paid directly by Agis Turkey • Agis is taking care of the quality of healthcare

  14. COLLABORATION AGIS AND EUREKO SIGORTA • The Idea: Dutch – Turkish clients can insure their family members in Turkey through a local (Turkish) insurance product from Eureko Sigorta • Why: Allows the Dutch – Turkish clients to do something for their relatives in Turkey while enjoying a benefit themselves • But also: To enhance Agis’ proposition in The Netherlands and offer something new and extra for their client base • As well as: To enhance Eureko Sigorta’s access to new market segments in Turkey • But first a pilot: • Co-operation with one selected broker • Communication driven by Agis • Assess win-win situation for clients, Agis and Eureko Sigorta

  15. HONORARY CONSULATE-GENERAL TURKEY • Joost Peters - Director External Relations and Advisor for the Executive Board • Facilitated by Eureko/Achmea because of: • Eureko Sigorta and Agis in Turkey • Half of the Turkish population in the Netherlands is insured for healthcare with Achmea (including Agis) • Main objective: enhancing the relationship between Turkey and the Netherlands • The HCG has an extended network within the business field at diplomatic level. It wants to create a business platform for trade with Turkey. • More information: www.hcgturkije.nl

More Related