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FIAR 2013 The International Insurance –Reinsurance Forum 21 May, 2013 Reinsurance Market Workshop Menekşe Uçaroğlu IUC IUC
Content Presentation of IUC Turkish Market 2013 Renewal ‘ How Muchprotection Is Availableand How Much of It Is Bought’ 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
Turkish Market 2013 Renewal ‘ How Muchprotection Is Availableand How Much of It Is Bought’ IUC
Renewal of 2012 wasdifficultespeciallyfor CAT XL dueto Natural Catastrophes in AsiaandWorlwideEconomicalCrisis • 2013 renewalwasmuchmoresmoothbecause 2012 was a quiteyear in terms of catastrophesand in additiontothattherewas 10% increase in suppliedreinsurancecapacity. • Somedifficultiesfacedfortherenewal of ProportionalTreaties but companieswereabletofinalizetheirrenewals. IUC Source : Reasürans Magazine Edition: 88 Milli Re Publication
Turkish Market Reinsurance Scheme Proportional Vs Catastrophic XL Renewal 2013 IUC Source : Reasürans Magazine Edition: 88 Milli Re Publication
Turkısh Market Catastrophic XL Renewal 2013 IUC Source : Reasürans Magazine Edition: 88 Milli Re Publication
Total Market EarthquakeEvent Limit is 4,7billion Euro • Total Market Cat XL Cover 4,5 Billion Euro • Total Coverfor E/Q is morethan 9 Billion Euro, TCIP and Milli Re reinsuranceprotectionsare not included IUC Source : Reasürans Magazine Edition: 88 Milli Re Publication
Toconcludewe can say thatTurkish Market is stilldependent on ProportionalTreatiesandpoortechnicalresultsare an obstacletofindcapacityeachandeveryyear. • As an outcomemarketsneedsthe service of brokersmoreandmoreeachyear • Forproportionaltreatiesincrease in theshareplacedbybrokersfrom 10% to18% IUC Source : Reasürans Magazine Edition: 88 Milli Re Publication
THANK YOU IUC