May 2009
No :5
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PHARMACEUTICAL, CHEMICAL AND COSMETIC GIANTS ASSURED BY NART
NART Sigorta ve
Reasürans Brokerliği A.Ş., as primary supplier of Pharmaceuticals, Chemicals
and Cosmetics sectors, plays an important role in risk management
and insurance purchase projects of these sectors. Having world’s largerst
Pharmaceutical, Chemical and Cosmetic giants in its customer portfolio, NART
h
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ENLARGED ADVISORY BOARD MEETING FROM NART
“Enlarged Advisory
Board”, a now-traditionalised yearly meeting of Nart Sigorta ve Reasürans
Brokerliği A.Ş., which is Turkey’s largest insurance and reinsurance broker
among companies with Turkish capital, took place at The Ritz Carlton Hotel
on 31 March 2009 under chairmanship of Mr Yavuz CANEVİ, Chairman of the
Board of Directors of TEB.After opening speach by Yavuz
CANEVİ, Levent TART, Chairman of the Board of Directors of NART Sigorta ve
Reasürans Brokerliği A.Ş., gave some information about the crisis going on
in the world and in Turkey and its impact on insurance sector as well as
about developments in Global and Turkish Insurance and Reinsurance Markets.. |
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EFFECTS OF GLOBAL CRISIS ON INSURANCE SECTOR
According to January 2009 inflation report issued on 26 January 2009, annual inflation rate remained below end-of-2008 predictions. Energy and petroleum prices rising during the first quarter of 2008 began to fall down rapidly with the advent of recession caused by global crisis. Of inflation rate of 10,06% realised at end of 2008, 6,2% is a consequence of direct effects of food and energy prices. Despite the fall in the final quarter, energy prices closed the year with an increase of 20%... LEVENT NART’S VIEWS..
And the
company which suffered highest loss of value in the world is AIG; having a
market capitalisation of 188 billion dollars in just one year ago,
crisis-hit AIG now has a market capitalisation of 1.1 billion dollars.
Friends ask from time to time: “We wonder, isn’t insurance sector a reliable
sector? Should we give up getting ourselves insured?” |
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RENEWABLE ENERGY RESOURCES AND TURKEY
The World can get rid of the threatening catastrophic climate crisis and energy problems thanks to use of renewable energy resources. Need for green energy is supported by investments made in whole world, especially in European countries, as well as by governmental incentives. The share of wind energy, accounting for just 1% in world energy production, in Denmark’s production is 20s% and wind energy is supported in Germany through incentives and guaranteed purchases.
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ENERGY EFFICIENCY IN TURKEY
Turkish economy grows at an average annual rate of 8%. And this turns into a global issue when combined with always-growing energy demand and with threat posed by energy demand growing all over the world for energy safety and with negative effects of greenhouse gas emissions (releases) arising from energy production. Turkey meets one/third of its energy from hydro-electric power plants and one/third from natural gas use and one/fourth from coal. Lesser use of local resources in energy production, diversification as regards renewable resources in energy production and conduct of activities designed to improve efficiency in energy transmission can alleviate effects of factors which threaten energy supply safety, which Turkey might encounter in the years to come. Turkey imports 70% of the energy it uses |
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THE NART RISK MANAGEMENT FORUM 2008
Participants of the meeting organized by Nart Brokering discussed
pharmaceuticals, chemicals and cosmetics sectors.
“Risk Management Forum
2008” organized by Nart Brokering took place at Istanbul Hyatt Regency Hotel
on 14 October 2008 with attendance of over 300 participants. Held this year
for the 5th time and bringing sector executives and insurers together, this
forum addressed “Risk Management in Pharmaceuticals, Chemicals, Cosmetics
and Perfumery sectors”. Both local and foreign speakers who are expert in
their own fields shared their visions and experiences at Nart Risk
Management Forum. |
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NART RISK MANAGEMENT FORUM 2008 BOOK AND RISK & LIFE JOURNAL PRINTED
Making another “first” in its own circles printing the book composed of
speakers’ notes at
NART
Risk
Managemen Risk & Life Today, every enterprise finds itself in a position to meet new risks while doing business. Risks are part of life in every sphere. Journal called risk&life, designed to provide a new point of view to risks in business world, is out now with its 3rd issue on the strength of knowledge and perspective of NART Sigorta ve Brokerliği… |
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–PLEASE NOTE!!!- NART RISK MANAGEMENT FORUM 2009 “MANAGEMENT OF ENEGRY RISKS” The 6th of NART Risk Management Forum 2009, now a traditionalised event, scheduled to take place at The Ritz Carlton ball room on 7 October 2009, will deal with “management of Energy Risks”. At the forum, discussions will be made about methods which can be adopted for protection against risks and related insurances, being a theme which is of vital importance to enterprises doing business in these sectors. Invitations will be sent for the forum surety to attract an international participation, as is the case in every year. You can access to special web site of NART Risk Management Forum, which is referenced for risk managements of insurance sector and Institutions, clicking on the next picture. |
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STRATEGY MEETING FROM NART
NART
Sigorta ve Reasürans Brokerliği A.Ş. held the first of the biannual strategy
meetings, attended only by executives At first day of this 2-day meeting, attending executives received a training aiming at providing employees with knowledge and skills which enable them to acquire awareness and harmony towards concerted effort within the same team and and at underlining how important is this towards achievement of corporate targets. At 2nd day, they found an opportunity to listen to a guest speaker who talked about the local and global economic crisis as well as its effects on global and Turkish insurance sector. Levent Nart said “that NART is composed of a good team and that, as a company, they care about team spirit, team working, effective team organization, communications, and time and stress management very much on the score of customer and employee satisfaction and that they will keep on receiving this kind of training.” |
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NART NEWS IN BRIEF… After Ragıp Yergin, General Manager of Ak Sigorta, has left this position, he was replaced by Uğur Gülen, Deputy General Manager of Aviva Emeklilik and Hayatta Banka Sigortacılığı. About Update on Sums Insured … Owing to negative economic data in the amidst of crisis going on both in whole world and Turkey and to exchange rates which rose to highest levels in the last 28 months, we found ourselves in a position to update financial values of our assets. Data Safety … Theft particularly done by removing and taking away hard disc of PCs available at workplaces brings about inconveniences in working life. Special Excise Tax… Automotive sector, one of the sectors most heavily hit by the crisis, felt relieved thanks to Special Excise Tax rebate of 19% launched on 16 March 2009. Sales made in March went beyond total sales made in February and January. Survey on Insurance Attitude and Behaviour … Results of “Insurance Attitude and Behaviour” survey, commissioned to Nielsen by Association of the Insurance and Reinsurance Companies of Turkey, were released to the general public at a press conference held at Swiss Hotel on 14 April 2009. This survey, which is very important for gaining a deep insight into Turkish people’s attitude towards insurance, took place in 17 cities with 3300 participants.
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KYOTO PROTOCOL SIGNED The bill on approval of participation of Turkey in Kyoto Protocol was enacted by the Turkish Grand National Assembly on 5 February 2009 by 243 affirmative votes against 3 opponents. Turkey is the 181st country participating in Kyoto Protocol. Turkey will not be under any obligation about greenhouse gas emission until 2012 which is scheduled as the first year of implementation. Turkey is among the top 20 greenhouse gas emitters with its 1% greenhouse gas emission. Participation in Kyoto Protocol will likely enhance encouragement towards greenhouse gas emission reduction projects and renewable energy resources. Tendency towards renewable energy resources will contribute to protection of country’s energy safety in the long-term, and, thanks to reduced energy imports, to national economy. |
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MAPFRE, BIGGEST SHAREHOLDER OF GENEL SİGORTA A.Ş. Legal procedure in relation to inclusion of Mapfre, biggest shareholder of T.Genel Sigorta A.Ş., in corporate names of T.Genel Sigorta A.Ş., has been completed as indicated in the press bulletin/release of 08.04.2009. Activities once carried on under Genel Sigorta trademark will now be carried on under Mapfre / Genel Sigorta name. And activities once carried on under Genel Yaşam trademark will be carried on under Mapfre / Genel Yaşam name as of 8 April 2009. |
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DISCOUNT IN DASK (NATURAL DISASTER INSURANCE)… Although Turkey has 13 millions of houses which might be subject to compulsory earthquake insurance, only 22% of such houses are under insurance protection. A discount of up to 39% has been granted in order to render compulsory earthquake insurance more widespread. İdris SERDAR, Chairman of Executive Board of DASK (Natural Disaster Insurance Institution), indicated that they would make efforts to render this insurance more widespread through face to face talk with building estate administrators and house owners. İdris Serdar, Chairman of Executive Board of Natural Disaster Insurances Institution (DASK), said that they would make efforts to render this insurance more widespread through face to face talk with building estate administrators and house owners. Mr Serdar portrayed the cost of insurance to the fellow citizens as follows: “In the event of a reinforced concrete, 100 sqm house, annual insuring premium is 136 Liras within the boundaries of Istanbul if that house is located in the first-degree eartpquake zone . If located beyond the boundaries of Istanbul, this corresponds to a premium of 131 Liras. This falls down to 81 Liras with discounts. Therefore, this would vary from 80 Liras to 130 Liras. It requires 36 Kurush a day.” |
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ISTANBUL TO HOST 13rd INTERNATIONAL INSURANCE CONGRESS THIS YEAR
13rd International Insurance Congress: Mathematics and Economics (IME2009) will take place in Istanbul under sponsorship of TÜBİTAK (Scientific and Technological Research Council of Turkey) between May 27 and 29, 2009. IME Congress is a global forum for researchers who want to keep track of recent developments, which takes place with participation of academics, insurance professionals and scientists from all over the world. At IME2009 congress; actuarials, insurance practices, finance and risk management are core of debates. Mathematical, economical and statistical practices involving actuarials will also presented to attention of the participants within the framework of the congress. For online enrollment, you can visit https://secure.eventmagix.com/regforms/ ime2009regform/ |
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TAX ADVANTAGE IN PERSONAL RETIREMENT (PRIVATE PENSION) SYSTEM Wage-earners are entitled to deduct their contributions from income tax base provided that this would not exceed 10% of gross wage applicable in the period for which such contribution has been paid and annual amount of gross minimum wage.
Participants of Personal Retirement System are also entitled to deduct
from their tax bases the PRS contribution payments which they made in
the name of their Spouses.
Documents Required for Employer Declaration Employers are entitled to deduct contributions they paid in the name of their employees from tax bases. Presentation of receipts issued by retirement companies to employer Withdrawals from ATMs, credit card statements and postal cheques can be used as an item of deduction in determining tax base, provided that name – surname of the payor, amount of contribution paid, time-period of payment, trade name of retirement company paid to, and information as to type of payment made are specified thereon. |
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INCOME SECURITY INSURANCE This is an “annual life insurance” product designed to assure customers against loss of income likely to arise from involuntary unemployment or hospitalisation as well as customers or their beneficiaries upon occurrence of death or accidental permanent disability.
Customers
from private sector payroll or self-employed professionals,
aged 18 to 60, resident in Turkey, are target group. |
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Abide-i Hürriyet Cad. Geçit Sok. Norm İş Mrk. No:12 Kat:3-4-5 34381 Şişli İSTANBUL Tel: 0 212 315 63 00 Fax: 0 212 234 24 84 |
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Kuleli Sokak Burç Apt. No:23/5 06700 G.O.P. ANKARA Tel: 0 312 446 11 22 Fax: 0 312 448 14 40 |
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Şair Eşref Bulvarı No:22 Karaahmentoğlu İşhanı K:8 D:805 35230 Çankaya İZMİR Tel: 0 232 489 28 79 Fax: 0 232 489 33 45 |
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Dikkaldırım Mah. Hayran Cad. 1 Lale Sok. Acemler
Sitesi No:2 A Blok Kat 1 No.3 Osmangazi BURSA |
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