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Flag Change at AXA Insurance Senior Management

A flag change is taking place in The Risk Management seat vacated by Altın, who will continue
the senior management team of his work under CEO Yavuz Ölken with the title of Corporate
AXA Sigorta. Mert Ekitmen, Technical President and Executive Board Member, is being
President and Chief Executive appointed as Hayat Emeklilik Operations and Transformation
Officer of Corporate Technical Director Selçuk Adıgüzel, Risk Management Director and Ex-
and Damage, transfers his re- ecutive Board Member. With these changes, Eray Kangal, who
sponsibilities in the field of Cor- previously served as the Damage Director under the Corporate
porate Technical to Barış Altın, Technical and Damage Directorate, is appointed as the Damage
President and Chief Executive Director and a Member of the Executive Board. The Recourse
Officer of Risk Management. Department, which operates under the Damage Directorate,
continues its work under Onur Koçkar, the Head of Law, Com-
Mert Ekitmen, Corporate Tech- pliance and Corporate Responsibility and a Member of the Ex-
nical and Damage Chairman ecutive Committee.
and Executive Board Member,
who has been successfully hold- Agency, Bank and Financial Institutions and Regional Large
ing his position at AXA Sigorta Enterprises Channel Management as well as Broker and Captive
since 2017, is transferring his Channel Management Department join the Sales and Market-
responsibilities in the field of ing business family and connect to Firuzan İşcan, Chairman and
Corporate Technical to Barış Executive Board Member in order to better understand their
Altın, who is currently serving as the Head of Risk Management expectations and needs and manage the risks with them as they
and a Member of the Executive Board, as of March 1, 2022. are with their customers at any time.

GES are now under Groupama assurance

Groupama Sigorta has developed a new product for solar power
plants (GES), which are one of the most invested areas in the
renewable energy sector.

Groupama, which attracts attention with its product diversity,
has developed a product aimed at the renewable energy sector.
The product for solar power plants, the installed capacity of
which has increased almost 200 times in the last seven years, is
designed to minimize the risks of power plant investors.

Emphasizing that it is important to achieve the zero carbon tar-
get on a global scale after the Paris Agreement, to which Turkey
is also a party, Groupama Sigorta Deputy General Manager for
Technical and Operations Emre Bayram said: “The zero carbon
target will be achieved with measures to be taken on the basis almost 200 times in the last seven years. We have achieved a
of both companies and individuals. In this context, we believe significant success here by paving the way for unlicensed power
that the in-surance sector also has an important responsibility. plants. In order to protect this energy supply, we have focused on
We are on the side of our in-sured in risk management, which developing products to address the risks of GES. We offer up to
is our main role. After our special guarantees for electric vehi- $4 million in coverage per policy with this product that we have
cles that contribute to the sustainable environment and optional pre-pared specifically for GES. Even in consolidated facilities,
guarantees for rooftop solar panels within the scope of housing this amount is up to $20 million. We guarantee the risks such as
insurance, we now aim to minimize the risk in renewable energy fire, lightning, explosion, earthquake, storm, hail, snow weight,
investments with our Solar Power Plant product.” Noting that theft, electronic device, loss of profit, loss of perfor-mance that
Turkey is located in a very efficient geography in terms of solar may occur in GES.”
ener-gy, Emre Bayram said: “The installed capacity of Turkey
in energy has reached the level of 100 thousand MW. We are in In the new product prepared by Groupama Sigorta specifically
a better position than many European countries, especially in for GES, the policy coverage is offered in dollars or Turkish lira,
renewable energy. As for solar energy, we have more than 7,800 while transmission and distribution lines up to 500 meters of
MW of installed capacity. We are talking about an increase of GES can also be insured.