International Istanbul Insurance Conference 25 May 2011 Developing profitable business Alan Smee, Head of Technical, Allianz Turkey.

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Presentation transcript:

International Istanbul Insurance Conference 25 May 2011 Developing profitable business Alan Smee, Head of Technical, Allianz Turkey

3 How to win -Excellence in distribution and customer service -Technically rigorous pricing and underwriting -Process effectiveness -Continued attention to costs -Management of risks

+ ?

5

6

7

“This is a VIP client” “Young drivers are the future” “We need to be no. 1 in premium”

9

2007 Cycle position Other Size correlates to level of GWP MTPL MOD

Cycle position Other 2011 Size correlates to level of GWP MTPL MOD

Technical profit* in TL mn 2007 MTPL MOD Total Health 2010 All Other** 2011 ? * Before investment income and tax ** Includes Fire, Non-Motor and provisions

1Recognize the commodity-like nature of business 2Innovate with insights re pricing, UW and claims 3Disciplined approach across the insurance cycle 4Transparent, rigorous, fact-based approach

14 References Slide Slide 3 Unknown Slide Slide 5 Slide 6 Slide 7 Slide 9 Unknown