Page 23 - Turkinsurance Digital Magazine

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Tur Assist is Getting Prepared to Launch Mobileye Accident Prevention System

Tur Assist, aims to realise another distinguished application in the driving safe-
the insurance industry by equipping its tow trucks and rescue ty, but also saves
trucks with a collision/accident prevention system based on ar- fuel at 5.5%
tificial vision technology as part of its social and corporate re- in average with
sponsibility. proper adjust-
ments.
Tested by Tur Assist in a demo driving event held in Autodrom
in Tuzla on Tuesday, January 30, Mobileye application has been Drawing the at-
found to be a quite safe system to use in all makes and brands tention to the fact
of vehicles. Thanks to a smart visual camera built upon the bi- that almost 80% of all traffic accidents today result from driv-
onic eye logic, the application detects any moving objects such er’s distraction 3 seconds before the accident, the project team
as vehicles, bicycles, pedestrians, etc. and potential dangers on of Tur Assist and Mobileye said that the project would be a posi-
the road thereby warning the driver. Thanks to the early warning tive development toward ensuring the safety of the roads and the
system, it can prevent potential traffic accidents. Mobileye does tow trucks and that it would contribute to raising the awareness
not only assist prevention of man-made accidents by improving of drivers for safety driving.

Şerif Çakırsoy, General Director of Insurance at the Undersecretariat of
Treasury: ‘‘We will make small but positive touches on the Auto Enrollment”

Pension Monitoring Center and Habertürk TV organized a panel Çakırsoy also talked about the new bag law that brings signifi-
at Kocaeli Chamber of Commerce to gather the prominent rep- cant amendments concerning individual pension and auto enroll-
resentatives of insurance and pension market within the scope ment systems. “With the authorization from the Cabinet, we plan
of the project named “We Meet for Your Retirement, Turkey is to increase the withdrawal period from 2 months to 6 months. In
Getting BESed”. a sense, withdrawal period is a money-guarantee period. When
we say withdrawal period, people generally think that if they do
Dr. N Şerif Çakırsoy, General Director of Insurance at the Un- not leave the system in 2 months they will never be able to leave
dersecretariat of Treasury, shared information about Auto En- again. We aim to introduce the system accurately to our citizens
rollment and the revisions to be made in the system, and said: with the cooperation of public and private sectors. We are mak-
‘‘The system currently holds 4 million employees and a fund size ing new arrangements in the bag law for the accretion of state
of 2.1 billion TL. While discussing Auto Enrollment, we have subsidy funds. We will make some small positive touches, and
always talked about the withdrawal rates. However, we also need monitor how the system operates after that. For instance, we
to see the full side of the glass. Instead of having an argument have some ideas about regaining the participants that have ex-
about the number of participants joining in and withdrawing ited from the system. We normally have a waiting period of two
from the system, we need to see what we have brought to the years before rejoining the system; however we’re thinking about
system; such as adding 4 million new participants in 14 months. inviting people to come back and benefit from some advantages.
This number equals to 55 percent of participants in the voluntary We keep working on these improvements,” he said.
system, which has been active for 14 years. It is important to
retain the people who have met this system for the first time. ‘’14 million employees will have met the Auto Enroll-
We need to provide them with a certain vision. Auto Enrollment ment system until January 2019”
System (OKS) is a 14-month old practice; therefore, we need to
see the whole picture about the operation of this system before Evaluating the Auto Enrollment System and withdrawal period,
making any radical changes. Government gives an unprecedent- Özgür Obalı, General Manager of Vakıf Emeklilik, said: ‘‘We
edly support to make this system work.” are conducting several analyses about the withdrawals from auto
enrollment system to see whether the exits stem from the indi-
viduals or the market itself. We have shared the results of those
analyses and our proposals for the solution with the related par-
ties and regulators. So far, we have concluded that the rapid and
abrupt initiation of the process has played a significant role in
high rates of withdrawal. We can clearly see that the participants
tend to stay in the system to the extent they are thoroughly in-
formed about it. Constantly decreasing withdrawal rates in every
phase proves the accuracy of this observation. As of January
2018, we have entered the fourth phase. Until January 2019, 14
million employees will have met the pension system. Seeing that
the withdrawal rate decreases gradually with every phase gives us
higher hopes for the future of this system.”