Page 9 - Turkinsurance Digital Magazine

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Magdeburger Sigorta Announces First Half Results for 2025: Strong Growth Above
Sector Averages
Magdeburger Sigorta announced its health branch with a rate of 145%,
financial results for the first half of 2025. followed by traffic with 112%, fire with
The company recorded a 98.5% increase 102%, and motor own damage with
in premiums compared to the same 79%.
period last year and achieved a consistent
and strong performance in technical Another Capital Increase Implemented
profitability as well. Known in the Having increased its paid-in capital to
industry for its innovative, flexible, and TL 1.195 billion through two capital
budget-friendly products, Magdeburger increases in 2024, Magdeburger Sigorta
Sigorta’s sustainable insurance approach raised its paid-in capital to TL 1.545
provides a significant level of confidence billion with a total increase of TL 350
for the upcoming period. million carried out in June and August
of 2025. With this move, the company insurance companies. Thanks to our
In the motor own damage branch, not only secured the financial resources high production volume in the first half
premium production increased by necessary to sustain its strong growth, of the year and the impact of our six-
79%, surpassing sector averages and but also reinforced its top-tier position in month balance sheet, we quickly reached
maintaining its position as the company’s terms of capital level among companies this limit. During this process, it became
flagship product. Motor own damage, operating in the non-life insurance necessary for us to carry out a capital
which accounted for 40% of total branches. increase in order to support sustainable
production, reached a market share growth and further strengthen our
of 3%, while Magdeburger Sigorta Commenting on the matter, Magdeburger financial structure. In this context, we
continued to rank among the top 11 Sigorta General Manager Ceyhan carried out a capital increase of TL
non-life insurance companies in terms of Hancıoğlu stated: “With the Motor Own 350 million with the support of our
motor own damage premium volume. Damage Circular \[Kasko Genelgesi] shareholder Bor Holding. We shared
that came into force on July 1, 2025, every stage of this process with our
The highest growth was recorded in the a production ceiling was introduced for valued agents in full transparency.

Ray Sigorta’s next-generation insurance solution for SMEs, Ray Akıllı KOBİ [Ray
Smart SME], has been renewed with higher coverage limits, faster quotation
processes, and comprehensive assistance services

Ray Sigorta, the industry’s innovative standard, and extended package options, product and the right coverage. With our
and leading company, has updated Ray providing alternatives tailored to the cost updated Ray Akıllı KOBİ product, we are
Akıllı KOBİ [Ray Smart SME] insurance, expectations of each business. While Ray addressing precisely this need. With our
which covers all risk management needs Sigorta has increased the coverage limits increased coverage limits, customizable
of SMEs under a single policy, in line offered against potential risks, it has also package structure, and new pricing, we
with customer demands. With its package expanded its assistance privileges with are not only enhancing our customers’
solutions tailored to different needs, Ray new additional services such as water, security but also making the work of our
Akıllı KOBİ strengthens SMEs by offering electricity, locksmith, and digital assistant agents in the field easier.”
high coverage limits, additional assistance support.
services, and operational convenience. Insurance Rate Among SMEs at 30
“Providing Differentiated Solutions for Percent
Standing out in the industry with its SMEs Is a Responsibility We All Share Emphasizing that the insurance coverage
customer-oriented and innovative products in the Sector” rate among SMEs in Türkiye is still
across all non-life insurance branches, Ray Sigorta CEO Koray Erdoğan around 30 percent, Koray Erdoğan
Ray Sigorta has redesigned its Ray Akıllı shared the following remarks regarding highlighted the potential in this area:
KOBİ product developed for SMEs— the product’s renewal process and its “Insurance penetration among SMEs is
the backbone of the economy. Updated contribution to the sector: “Insurance low, and it is our agents who play the most
according to customer expectations and is not just about providing coverage; critical role in changing this picture. To
market needs, the product now offers it is also a partnership model that facilitate this process, we are developing
enriched coverage options and expanded understands the needs of the business special digital solutions for our agents.
assistance services to simplify SMEs’ world and supports sustainability. At Ray We have implemented new features in
risk management, while its new structure Sigorta, we act with this understanding our RayExpress mobile application that
also provides significant operational and continuously develop our Ray Akıllı accelerate the quotation process.
advantages for agencies. As a result, KOBİ [Ray Smart SME] product to align
insurance processes become faster, easier, with the needs of the times. Standard
and more efficient for both customers and solutions fall short for dynamic and risk-
agencies. prone segments like SMEs. That’s why it
is critical to offer fast, customizable, and
More Comprehensive Insurance with operationally efficient solutions. Today,
Updated Package Options SMEs, which form the backbone of the
Ray Akıllı KOBİ [Ray Smart SME], Turkish economy, must deal with serious
which can be customized according risks such as natural disasters, fires, or
to different sectoral needs, offers full theft. Therefore, it is not only about being
protection to policyholders through mini, insured, but being protected with the right