Page 11 - Turkinsurance Digital Magazine

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Strategic Meeting by MAPFRE Sigorta and
MAPFRE Global Risks

MAPFRE Sigorta, in collaboration As MAPFRE Sigor-
with MAPFRE Global Risks—the ta, we completed 2024
MAPFRE Group’s business unit spe- in 6th place among the
cialized in providing comprehensive 25 countries where the
and innovative insurance solutions to Group’s direct insurance
large companies operating on a glob- operations are carried
al scale—held a special event bringing out, both in terms of pre-
together industry stakeholders. The mium volume and profit
meeting was attended by MAPFRE figures. In the EMEA re-
Sigorta CEO Erdinç Yurtseven, MAP- gion, we hold the leading
FRE Global Risks CEO Bosco Frankoy, position. With the sup-
MAPFRE Sigorta’s senior manage- port of MAPFRE Glob-
ment team, as well as numerous busi- al Risks, we achieved
ness partners and insured clients. significant momentum in
acquiring new business our network of experts spanning 163
Throughout the event, a detailed as- in commercial and industrial lines in countries, our strength in managing in-
sessment of the MAPFRE Group and 2025. Our goal is to carry this success ternational programs, and our ‘A’-level
its business units was conducted; addi- even further in 2026. In 2025, our financial structure, we are a long-term,
tionally, discussions were held on the growth in the broker channel exceeded solution-oriented business partner sup-
current state of the sector, the reali- the sector by 20 points. These results porting our clients in managing this
ties and needs of the local market, and show that the relationship we have built complex risk environment. In this pro-
mutual expectations. During his pres- with our business partners is based on a
entation, MAPFRE Global Risks CEO foundation of strategic partnership and cess, we are very pleased to support the
Bosco Frankoy highlighted global per- mutual value creation. In the coming sustainable growth goals of our busi-
ceptions of major risks, how these risks period, thanks to our strong collabo- ness partners in Türkiye, which holds
are evaluated by institutions and mar- ration, we will continue to enhance the strategic importance for the MAPFRE
kets, trends in the insurance industry, trust and value we offer to our custom- Group, together with MAPFRE Sigor-
as well as MAPFRE Global Risks’ ar- ers,” he said. ta.
eas of expertise and value proposition.
MAPFRE Global Risks CEO Bos- This gathering we held in Istanbul was
MAPFRE Sigorta CEO Erdinç Yurt- co Francoy, in his evaluation of the extremely valuable for assessing the
seven stated: “MAPFRE today pro- meeting, said: “Data from the World dynamics of the Turkish market on-site
vides insurance, reinsurance and assis- Economic Forum (WEF) offers an im- and further strengthening the strong
tance services to more than 30 million portant vision of the current global risk
customers across 5 continents and environment. Particularly geopolitical synergy we have with our business part-
38 countries. Thanks to our Group’s and economic uncertainties, environ- ners. The dialogue we have established
92-year-established heritage, strong mental risks, and technological threats with our partners forms the foundation
financial structure and customer-cen- such as cyberattacks are transforming for strategic opportunities that will car-
tric approach, we are one of the most the way companies approach insur- ry our regional collaborations into the
reputable brands in global insurance. ance. As MAPFRE Global Risks, with future,” he said.

Cardif Türkiye, said: “Given the rising with the advantage of installment pay- after the 1-year legal warranty period for
cost of smartphones, choosing a refur- ments offered through credit cards. With refurbished devices ends, and remains
bished device has become both a smart the newly introduced insurance package, valid for an additional year. If the product
and economical decision for consumers. they can also use their devices safely for malfunctions during the extended war-
These devices are now covered by a 2-year 2 years under warranty, just like the legal ranty period, it is repaired free of charge
warranty.” warranty period provided for brand-new within the policy’s coverage limits. If the
devices. With this new project —which product cannot be repaired within these
MediaMarkt contributes not only to contributes to sustainability, the national limits in the event of a malfunction, com-
family budgets but also to the circular economy, and our customers’ own budg- pensation is provided in accordance with
economy ets— we welcome all customers who wish the policy terms. Additionally, no extra
Mete Uslukılınç, Member of the Execu- to access new technologies through more fees are charged to the user during repair
tive Board Responsible for Commercial economical alternatives to our stores.” processes, and no deductible is applied
Operations (CCO) at MediaMarkt Tür- during the extended warranty period. The
kiye, said: “Instead of buying a new but How to Benefit from the Extended devices are also protected against acci-
lower-tier device, our customers can now Warranty Coverage? dental damage occurring within the first
purchase higher-tier refurbished devic- The Extended Warranty Coverage be- year from the date of purchase, under the
es under more affordable conditions and comes effective under the same conditions relevant coverage.