In the first quarter, the company recorded a growth of 639% in motor insurance and 576% in traffic branch compared to the same period of the previous year.
Unico Insurance was the company that grew the most in motor and traffic insurance in the first quarter of the year, according to the Turkish Insurance Association (TSB).
According to the statement made by the company, TSB’s first quarter data revealed the rapid growth of Unico Insurance.
Accordingly, Unico Insurance grew by 146% in real terms in non-life insurance, remaining 82% above the real growth of the sector. The market share of the company, which increased its premium production to ₺1.47 billion, increased from 1.15% to 1.74%.
Unico Insurance, which is the company that has grown the most with 270% among the top 20 companies, recorded a growth of 639% in motor insurance and 576% in traffic branch in the first quarter compared to the same period of the previous year.
Realized 4.7 times the real growth of the sector in motor insurance, it increased its market share from 0.99% to 2.65%, and in traffic insurance, it increased its market share from 1.38% to 3.54% by growing 4.6 times the sector average.
‘Our success story continues’
Ender Guzeler, General Manager of Unico Insurance, who made his evaluations on the subject in the statement, stated that the company has achieved a steady growth in line with its long-term plans and said, “While we are happy with the goals we achieved in 2022, we continue to produce results in market share development and profitability in 2023 in accordance with our business plan.”
Noting that they have a balanced portfolio and that they continue their claims, especially in auto insurance, Guzeler made the following assessments:
“Our motor insurance product, which we renewed end-to-end last year, maintains its growth stability in each passing period. This success shows the trust of our professional agencies and the satisfaction of our customers. While we are proud of this, we would like to thank our agencies with our sincere feelings. I would also like to thank all my colleagues who contributed to these results. I would like to share the good news of a new motor insurance product that will make all our stakeholders happy in the near future.’
‘We focus on solution sales, not policy sales’
Ender Guzeler stated that continuity and success is only possible with teamwork, and that there is a strong team behind every success story.
Guzeler said, “Our team definition includes company, agency, expertise, service and all other solution partners. Our measure of success for all of us is the satisfaction of our customers. In this sense, we carry out a very valuable team work. We continue our work by reinforcing all parts of the system, without deviating from our focus on solution sales, not policy sales.’
Source: AA / Prepared by Irem Yildiz