SEPTEMBER 2007

No :3
 
 

NART, THE LEADING CONSULTANT OF THE VEHICLE AND AUTOMOTIVE SUPPLIER INDUSTRY

NART Insurance and Reinsurance Broking Services Inc. provides services for the greatest firms of the industrial sector as from its foundation; it provides especially for the automotive and automotive supplier industry services through its productive and assistance providing products related to insurance.  Upon market surveys requirements have been created especially as to the demands of manufacturers of the Automotive Supplier Industry and Nart Insurance realized a breakthrough by bringing together the whole automotive supplier industry und organizing a seminar on “Product Liability Insurances (Product Warranty, Product Recalls)” within the structure of TAYSAD.  

During the comprehensive exchange of views on damages that may be formed through thousands of products on the automotive sector and the scope of the insurance, it has been determined that the existence of this insurance type on the related market and the advantages it ensures are not known in a detailed manner...

THE NEW INSURANCE LAW HAS BEEN ENFORCED WITH ITS ESSENTIAL ARTICLES PROTECTING CONSUMERS AND COMPANIES

The new Insurance Law comprises provisions as that risks not indicated in the insurance agreements are to be deemed as within the coverage, that persons having no legal connections with insurance agents may not give any information about the insurance and may not issue any insurance policies. The Insurance Law has been approved by the President of the Republic Ahmet Necdet Sezer and enforced by being published in the Official Gazette. Thus the insurance sector continuing to perform its activities under Decree Law 539 has now gained its law awaited for more than ten years...

NART INSURANCE GROWS EXPONENTIALLY

NART Insurance and Reinsurance Broking Services Inc. entertained the leading personalities of the insurance business and its costumers during the receptions it gave at its renovated headquarters.

Chairman of NART Insurance and Reinsurance Broking Services Inc.’s Board of Directors, Levent Nart expressed that they “had grown 5 fold within the last 5 years thanks to the trust and support of the insurance sector and its clients, and that they will work harder than before in order to be worthy of this trust and support.”

THE FOREIGN SHARE IN THE INSURANCE SECTOR RACES TO THE 70%s

A portion of nearly 60% of the total premium gained in the sector in 2006 belongs to foreign or foreign partnership companies. In concerns with the generation of premiums, seven of the first greatest ten companies are foreign or foreign partnership companies. This increase observed in the foreign share of the insurance sector is a natural result of globalization.

The boom experienced in the insurance sector in 2006 with regard to foreign capital investments are continuing in 2007. Experts are delivering the opinion that an increase in the foreign share within the Insurance sector will bring also quality service.

It is supposed that the insurance sector in Turkey being wide behind the EU countries with regard to per capita insurance premium generation will definitely continue its rapid growth trend.

The partnership between Garanti Bankası and Eureko B.V. being one of Europe’s leading insurance groups announced in the month of March, has been approved by the R.T. Prime Ministry Undersecretariate of Treasury lately. As to the sales agreement executed on Thursday June 21, 2007 Eureko purchased 80% of the Garanti Sigorta A.Ş. shares at a price of 365 Million Euro. Moreover, the company purchased 15% of the Garanti Emeklilik ve Hayat A.Ş. shares for 100 Million Euro.

PLEASE NOTE!!!! NART RISK MANAGEMENT FORUM 2007

Nart Risk Management Forum 2007 will be held on October 23, 2007. Again at the Nart Risk Management Forum being repeated each year and throwing fresh light on risk management and insurance purchase for the Business world vital methods for protecting against risks for enterprises showing activity on Retail, Construction, Shopping Center and related sectors as well as respective insurances will be discussed. Invitations will be sent for the forum expected to become an event with international participation as every year.

 

İMSAD SEMINAR ON RISK MANAGEMENT IN THE CONSTRUCTION AND CONSTRUCTION MATERIALS SECTOR IN THE WORLD AND IN TURKEY

Chairman of NART Insurance and Reinsurance Broking Services Inc. Board of Directors and President of the Association of Insurance Brokers Levent NART shared his experiences in international RISK MANAGEMENT gained in 24 years with the participants at the first of the sectoral meetings on ‘Risk Management in Construction and Construction Materials Sector in the World and in Turkey held by industrialists and members of sector associations and the İMSAD on June 7, 2007.

 

RISK AND LIFE, THE BUSINESS WORLD’S NEW MAGAZINE

 

Nowadays any enterprise has to become acquainted to new risks while continuing its life. Risks have now become a part of life in each area. risk&life magazine, which will bring in a new viewpoint towards risks in the business world, has begun its publishing life on the basis of NART Insurance and Reinsurance Broking Services Inc. experience and viewpoint… 

If you wish that the magazine is provided to you, please fill in your form.

NART EXTENDS ITS SERVICE NETWORK

 

Nart Insurance, which provides service with its Regional Directorates in the Istanbul City Center, Ankara and the Izmir, has extended its service network as from June 2007 by opening its Bursa regional directorate. Member of Nart Insurance Board of Directors and Manager Responsible for Business Development Burak Dülge stated “We aim at bringing brokerage services to every point of Turkey.

The institutions’ need for brokerage is increasing more and more. We aim at being as near as possible to our clients and to provide them most rapid, most quality and most affordable service.

 

The region of Bursa is an area being very developed in the automotive and automotive supplier and Textile sectors being our focus point. We want to provide the privilege of brokerage service to the corporations by providing services on site to our current clients as well as evaluating the region’s potential.” and he narrated Nart Insurance ’s targets related to the extension of the service network within the next term.

 

With its population increase over the average of Turkey, province of Bursa is one of our most rapid developing cities. The most important reason for this rapid population increase is that it continuously receives migration. However, the most important reason for the province’s receiving migration is Bursa’s being very developed with regard to trade and industry.

 

CAN RISKS OF GLOBAL WARMING BE INSURED?

The most important problem of the developing world is global warming. While the risks of global warming are threatening mankind and the business world, new opening outs are coming from the insurance world for the compensation of risks these risks may bring along. For example, as to a pilot project being started in Ethiopia the World Food Program signed a policy with Axa Re against the supports provided by the USA and the other countries. As to this, Axa Re will make a payment of 7 Million Dollars against a policy of 930 Thousand Dollars, if the rains in Ethopia fall below a certain quantity.

 

Furthermore, Bursagaz having 505 Thousand subscribers has been insured by the Swiss insurance company Swissre against global warming. Bursagaz being among the Çalık Holding Enerji Group companies will receive compensation, if the air temperature becomes 1 degree than the average of 30 years.

NEW SERVICEs AT NART ARE RISK EVALUATION SERVICES

Apart from meeting damages that may result from potential risks, which may occur, with insurance programs, Nart makes also risk determination and preventive works in the technical meaning through its Risk Management department before your risks occur. In this way your risks are determined scientifically in the technical meaning and your risks are minimized with alternative solutions. 

 

CREDIT RISKS ARE INCREASING – SO L U T I O N ! CREDIT INSURANCES

While the investments in the global economy increase and the rapid trends in the mortgage markets caused a decrease of the global liquidity, the expectation that a global crisis stands before the door is more and more increasing.  When a global crisis enters the growth process, of sure the first and most affected markets will be the developing countries. This condition will cause that problems related to the risk of receivables of the companies and that they will experience problems in the collection of their debts. Credit insurances which are the greatest risk management instruments being solution in the management of receivables risks increased in Turkey 168% in the first half of 2007 in comparison with the last year’s same period.

THE PERIOD OF FREE TARIFFS HAS STARTED IN THE COMPULSORY TRAFFIC INSURANCE

The period in which all insurance companies issued policies at the same price in concerns with Traffic Insurances is over. Now, insurance companies will determine the premiums of the traffic insurance policies freely within the margins to be determined by the treasury. While this matter constitutes an opportunity to prevent insurance companies making losses since long years, it will also ensure that the consumers may select among the companies and thus benefit from the competition advantages. 

 NART IS MUCH AHEAD OF ITS SECTOR IN RELATION WITH HUMAN RESOURCES SERVICES

As Nart Insurance we are providing to our clients and their employees insurance consultancy related to Group Health and Annual Group Life and Individual Retirement and implement methods even not implemented by the greatest intermediates in the sector.  As Nart Insurance it is our objective to hold the satisfaction of our clients and their employees at the highest level with the service we provide. With this purpose the advantages we provide are as follows:

·         Opportunity to compare with similar sectors and purchased insurance products. (Benchmarking)

Abide-i Hürriyet Cad. Geçit Sok.  Norm İş Mrk. No:12 Kat:4-5 34381 Şişli İSTANBUL

Tel:  0 212 315 63 00 Fax: 0 212 234 24 84

Kuleli Sokak Burç Apt.No:23/5 06700 G.O.P. ANKARA

Tel:  0 312 446 11 22  Fax: 0 312 448 14 40

Şair Eşref Bulvarı 1372 Sok. No. 24 MBU İş Merkezi Daire 11 Çankaya İZMİR

Tel:  0 232 489 28 79  Fax: 0 232 489 33 45

Dikkaldırım Mah. Hayran Cad. 1 Lale Sok. Acemler Sitesi No:2 A Blok Kat 1 No.3 Osmangazi BURSA
Tel: 0 224 239 5126 Fax: 0 224 239 51 27

www.nart.com.tr         info@nartmln.com