Page 13 - Turkinsurance Digital Magazine

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Under the current macroeconomic and geopolitical condi- What are Chubb's goals for the last quarter of 2023?
tions, what can the global insurance sector expect in the
near future? As a company, we are always focused on long-term operation
strategies and implementing them. Our goal is long-term growth
We are going through times where the global perception of risk is thanks to our strategic choices. Our underwriting strategy is to
changing. Conflicts, geopolitical tensions, high interest rates, in- manage risks with consistent and sustainable pricing and choices.
flation, and economic fluctuations are creating risks worldwide.
The last quarter of 2023 marks the renewal period in insurance.
On the other hand, digitized life and technology have significantly During this period, we aim to reflect our sustainable performance
altered customer expectations and habits. in the field.

“As Chubb, we aim to continue Can you tell me about your social responsibility projects re-
lated to earthquakes?
supporting the Turkish economy.”
Chubb provided extensive support here, immediately getting in-
As Chubb, we are an extremely innovative company in this field. volved. Through the Chubb Charitable Foundation, it donated
We continually invest in these areas, renew ourselves, and adapt $200,000 to earthquake-affected areas via the international re-
to the needs of customers. lief organization Action Aid USA, addressing the urgent medical,
shelter, food, and clothing needs of earthquake victims. Addi-
And of course, the climate crisis is now among the most signifi- tionally, Chubb matched the total amount of individual dona-
cant risks. tions made by employees to the American Red Cross or AHBAP.
Moreover, the Chubb Turkey team extended aid to those affected
The British analysis firm Brand Finance has been examining by the earthquake through local organizations and the Turkish
insurance brands since 2008 and selects the top 10 most val- Insurance Association.
uable among them. Chubb is among these selected brands...
We emphasized our social responsibility efforts. We continue our
People trust us. Chubb's history dates back to 1792, tracing its support, both on an individual and corporate level. To address
roots to the first insurance company established in the United the question 'Am I prepared for an earthquake?' we initiated a
States, the Insurance Company of North America. It operates in project to raise awareness and provide answers both in work-
54 countries and regions. The brand possesses one of the most places and homes. The goal of our social responsibility project,
extensive product portfolios in the global insurance sector, offer- 'I c.a.r.e U' (Chubb Awareness Responsibility of Earthquake),
ing over 200 corporate insurance and reinsurance products and in 2023 is to support aid organizations and to raise awareness
services to multinational corporations, as well as medium and among our team members about living with earthquakes and be-
small-sized businesses. Additionally, Chubb provides numerous ing prepared for emergencies.
insurance solutions for individual customers.

We focus on the quality of insurance rather than the volume of “We are constantly investing in our
business or market share. The company's insurance strategy in-
volves managing risk through consistent, disciplined pricing, and business and team.”
risk selection. As the world's largest publicly traded fixed asset
and liability insurer, Chubb has operations in 54 countries and Within this scope, we are reviewing business continuity plans,
regions. emergency plans, workplace safety measures, and receiving basic
first aid training related to trauma, fire and bomb attack preven-
With our commitment to quality service, extensive distribution tion, fear, panic management, and disaster psychology.
channels, exceptional financial strength, and global yet local op-
erations, we hold a significant position in the industry. Furthermore, we continue to support those affected by the earth-
quake. We encourage our team members to participate in search
We pursue excellence in underwriting, claims management, and and rescue, ecology, and humanitarian aid groups such as GEA
all our operations. That's our aim, and we invest accordingly. We or AHBAP.
constantly invest in our business and team. We have an exempla-
ry claims process. We make quick payments and act fairly. We organized a toy workshop and made toys for children affect-
ed by the earthquake. We are installing a children's park at the
We prioritize designing and offering innovative products and ser- 100. Yıl Village to be established on the Mustafa Kemal Univer-
vices that address people's problems and are continuously updat- sity Campus in Hatay. In the coming months, as a team, we will
ed. continue running in the Adım Adım (Step-by-Step) project, with
the proceeds being donated to the earthquake-affected areas.
How has Chubb Turkey performed so far in 2023?
We know that the marks of such a great tragedy caused by the
We've shown a very good performance. As Chubb Turkey, we've earthquake will never fully fade. But we will continue to do our
had a successful period thanks to the team's determination and best for the cities affected by the earthquake. This is not a one-
hard work. We're also receiving very positive feedback from our time effort; it's the responsibility of each individual, all of us. As
solution partners. Achieving such a good performance under such a company operating in this country, Chubb also holds responsi-
challenging macroeconomic conditions is a significant success. bility. Chubb Turkey will always stand behind these efforts.