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THE UNDERSECRETARIAT OF TREASURY 1
T H E U N D E R S E C R E T A R I A T
O F T R E A S U R Y
The role of information centers in Motor Insurance
Schemes
Tashkent International Insurance Forum4-7 June 2009
THE UNDERSECRETARIAT OF TREASURY 2
Requirements for Running a Motor Insurance Scheme
Legal infrastructure
Good coordinated participants
Trustable and countrywide central database
Efficient enforcement of insurance liability
The Role Of Information Centers In Motor Insurance Schemes
THE UNDERSECRETARIAT OF TREASURY 3
The type of an information center
central database
open to the access of respective public bodies cross-checks with other sources of information
transferring of information regarding policies and claims
determination of the status of the center by the regulatory body
The Role Of Information Centers In Motor Insurance Schemes
THE UNDERSECRETARIAT OF TREASURY 4
Benefits of an information center
An efficient instrument for the regulatory body
Fighting Against Uninsured Driving
Preventing Fraud
Compensating the victims quickly
Correct Pricing
The Role Of Information Centers In Motor Insurance Schemes
THE UNDERSECRETARIAT OF TREASURY 5
Benefits of an information center (contd.)
Correct applications of tariff
Minimizing premium income and tax loss
Minimizing the payments of Guarantee Fund Prevent unfair competition
The Role Of Information Centers In Motor Insurance Schemes
THE UNDERSECRETARIAT OF TREASURY 6
The Turkish Insurance Sector
THE UNDERSECRETARIAT OF TREASURY 7
The Turkish Insurance Sector
1 Euro = 2 TL
THE UNDERSECRETARIAT OF TREASURY 8
The Turkish Insurance Sector
Breakdown of Insurance Companies According to the Branches
THE UNDERSECRETARIAT OF TREASURY 9
The Turkish Insurance Sector
Problems faced before TRAMERhigh percentage of uninsured vehicles
manual policies
uncontrolled commitments and lack of coverage due to unregistered policies
no uniform data and claims history
incorrect application of the tariff and bonus/malus system
unfair competition
loss of premium and tax revenue
drain on the guarantee fund
THE UNDERSECRETARIAT OF TREASURY 10
The Turkish Insurance Sector
Established in 2003
Public-private-partnership
Non-life companies are native members
No budget allocation Contribution fees from insurance companies by market share
Turkish Motor Insurance Information Center TRAMER
THE UNDERSECRETARIAT OF TREASURY 11
The Turkish Insurance Sector
TRAMER infrastructure
THE UNDERSECRETARIAT OF TREASURY 12
1-)Citizenship Details
Insuree name-surname
Father’s nameDate of BirthPlace of Birth
SexPolicy Details
Company
3-Vehicle Registration DetailsPlate numberMotor numberChassis numberModel yearRegistration dateVehicle brand/model/colourUsage typePolicy Details
2-Tax File DetailsCompany NameCompany Type
Establishment Date
Policy Details
Agency
Tax,
Plate Number+Chassis Number
Citizenship,
Policy Details
Query by citizenship
details
Query by tax file details
Query by plate and
chassis number
Revenue Administration
Public Citizenship Authority
Police Department
TRAMER Policy Producing
THE UNDERSECRETARIAT OF TREASURY 13
Policy Distribution According To Tariff Levels By Years
RESULTS
THE UNDERSECRETARIAT OF TREASURY 14
RESULTS Decrease at Uninsured Vehicle Ratio
(Except Tractors and Motorcycles)
million200
3 2004200
5 2006200
7 2008
Number of Registered Vehicles 6.6 7.8 8.5
9.1 9.7
10.2
Number of Policies in Force 5.8
6.9 7.8
8.3 8.8
9.2
THE UNDERSECRETARIAT OF TREASURY 15
RESULTSIncrease at Number of Policies and Premium Income
THE UNDERSECRETARIAT OF TREASURY 16
RESULTSAverage Premium Per Policies By Years
TRAMER’s TRAMER’s FoundationFoundation
THE UNDERSECRETARIAT OF TREASURY 17
T H E U N D E R S E C R E T A R I A T
O F T R E A S U R Y
Thank You
Gökhan KARASUThe Undersecretariat of Treasury
