All-time equity profit from Unico Sigorta
Unico Sigorta, one of the leading insurance companies in Turkey, reached a record return on equity with the change in 2020. During the pandemic period, the company managed to generate…
Unico Sigorta, one of the leading insurance companies in Turkey, reached a record return on equity with the change in 2020. During the pandemic period, the company managed to generate 14.7 million TL technical profit, 106 million TL total profit and 745 million TL gross premiums, reassuring its stakeholders in the sector. Unico Sigorta aims to produce high added value by continuing its success in 2021.
Being one of the leading companies in the insurance industry since 1988 Unico Sigorta had a corporate restructuring at the beginning of the year by changing its administrative staff. The company achieved great success in 2020 with the teamwork demonstrated, the agency relations developed, the products and services offered, the support of its employees, and the contribution of its business partners. It reached 106 million TL in profitability and achieved a record of 104% in its equity adequacy ratio.
Unico Sigorta General Director Sertem Demir: “Our past is full of pride and our future is brighter thanks to each of individual having insurance of Unico.”
Underlining the fact that with the change experienced in 2020, they moved their business manner to a more modern, customer and agency-oriented point Sertem Demir said; “As of the first day we started this business, we tried to be different in the industry with our human-centered activities. In this journey that we began by saying ‘first, the individuals’, I would like to thank every single Unico Sigorta employee. Without them, this success would not have been possible. Thanks to the radical changes we made, we managed to grow well compared to the industry. Another successful result was seen in premium production. Our company achieved a growth of 45% by increasing its premium production from 515 million TL at the end of 2019 to 745 million TL at the end of 2020 when the world was struggling due to the pandemic. As Unico Sigorta, we will continue to generate high added value for both our stakeholders and our country in 2021 ”.
It became the 4th biggest player of the industry in aviation insurances of which the first policy was issued in 2020.
Adding that there has been an increase from individual insurance products to corporate insurance products thanks to the change in management understanding and strategies, Mr. Demir said, “The share of corporate portfolios approached 50 percent this year, and a growth of almost 3 times more was achieved in corporate products compared to last year. In addition, we experienced a growth of 32% in individual motor insurances compared to last year in 2020, and our company having issued our first policy in aviation insurance in 2020, became the 4th biggest player in this sector in a short time.”