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AIIF 2014 Motor Insurance & Claims Handling Workshop 2 0 June , 2014. Motor Insurance in Turkey : Attempts to increase profitability and regulatory changes Menekşe Uçaroğlu IUC. IUC. Content Presentation of IUC
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AIIF 2014 Motor Insurance & Claims Handling Workshop 20June, 2014 Motor Insurance in Turkey : Attempts to increase profitability and regulatory changes Menekşe Uçaroğlu IUC IUC
Content Presentation of IUC Motor Insurance in Turkey : Attemptstoincreaseprofitabilityandregulatorychanges IUC
IUC is a managementandConsultancy Services Groupwhichoperates in area of insurancebusinessand is establishedtoaddquantifiablevalueto • Reinsurance • Claims • Product • Training Processes of Insurance Business • Wepresentourservicesvia4differentbrandandcompanyorganisations • IUC is based in Istanbul, Turkeyand has a representative office in Bakü, Azerbaijan. IUC
IUC Insurance & Reinsurance Broking • Management Consulting • Actuarial Consulting • Cost Containment • Services for Insurance • Industry • Marine&Aviation Loss • Adjusting Services • International Recovery • Services • Fire & Water Damage, • Restoration Sevices • Dental Health Plan • General Health Plan • Eye & Ear Plan • Drug Plan • Consumer Plan • Psychological • Consultancy Service • Dietician Consultancy • Service • Reinsurance Broking • Insurance Broking • Special Risks U/W • Technical Trainings • Events Organization • International CII • Trainings IUC
CURRENT SITUATION OF MOTOR BRANCH IN TURKEY IUC
ATTEMPTS TO INCREASE PROFITABILITY & REGULATORY CHANGES BEFORE & AFTER 2000 IUC
BEFORE 2000 • BASIC TARIFF PER MARK- MODEL • NO SEGMENTATION • NO RESERVE ANALYSIS – TRIANGLES • NO ACTUARIAL STUDIES • COMPULSORY TARIFF FOR MTPL BY GOVERNMENT • NO FOCUS ON CLAIMS AUDITING • NO FOCUS ON SUB-CONTRACTORS IUC
AFTER 2000 • TARIFF PER MARK- MODEL – DRIVER – REGION ETC. • SEGMENTATION STUDIES • INTRODUCTION OF RESERVE ANALYSIS VIA TRIANGLES • SET-UP OF NON-LIFE ACTUARIAL DEPARTMENTS • FREE TARIFF FOR MTPL • SET-UP OF CLAIMS AUDITING DEPARTMENTS • SET-UP OF MOTOR LOGISTICS DEPARTMENTS • FRAUDULENT CLAIMS COMMITTEE • SET-UP OF INSURANCE INFORMATION CENTER • SET-UP OF TRAMER – CENTRAL MOTOR CLAIMS SYSTEM • NEW SUB-CONTRACTORS FOR SALVAGE, CLAIMS HANDLING, GLASS REPAIR, FRAUD DETECTION, CAR REPAIR …… • INSURANCE COMPANIES’ REPAIR SHOPS • PROJECTS WITH INTERNATIONAL ACTUARIAL COMPANIES • REGULAR AUDITS BY TREASURY IUC
RECENT AGENDA BODILY INJURY CLAIMS IN MTPL IUC
RECENT AGENDA VEHICLE VALUE LOSS VALUATION IUC
RECENT AGENDA DIRECT SETTLEMENT IUC
RECENT AGENDA ARBITRATION SYSTEM IUC
WHAT’S NEXT ? IUC
THANK YOU IUC