New era in traffic insurance: “Obligation is being removed”

An important statement was made by Mehmet Akif EROGLU, Chairman of the Insurance and Private Pension Regulation and Supervision Agency for millions of intermediaries. Sharing the information that new regulations for traffic insurance were on the way, the President of the SEDDK said “Our infrastructure is read”’, adding a traffic operation center would be established. The mandatory bidding of insurance companies will be removed on the new platform to be created.

The Insurance and Private Pension Regulation and Supervision Agency (SEDDK), which previously announced the roadmap for traffic insurance, undersigned an important regulation on the steps last week. SEDDK President Mehmet who came together with the press members at the iftar invitation the previous evening, shared the steps taken to solve the problems in traffic insurance.

“WE WILL REDUCE THE DAMAGE AT THE SOURCE”

According to the news in press, EROGLU shared they had currently finished phase 1 of the road map, said “We definitely need to intervene in people’s behavior in traffic and reduce that damage at the source. The recent decision of the Constitutional Court has now removed our chance for a second regulation on the insurance law.”

He went on to say, “Clearly, we can no longer put the way compensation is calculated into legislation. In this case, we will go and take the court practice enabling the sector to pay according to it.” Eroğlu emphasized that they would quickly make a point of shooting at the sources of all the damage in traffic and solve it. Starting from the reduction of traffic accidents, this process will cover areas that produce excessive damage, such as the arbitration system, the use of equivalent parts.

In this framework, after work such as person-based policy, influencing customer behavior, direct compensation, a free-tariff is targeted in which an offer will ultimately be made according to the quality of the driver.

Referring to the problems experienced by car owners in terms of compulsory traffic insurance, Mehmet Akif Eroğlu said, “We have fined the companies in this regard first.

IF NO ONE BIDS IT WILL GO TO THE POOL

Noting that traffic insurance is a branch that generates losses and therefore companies were trying to maintain the balance sheet balance, Eroğlu said that a new application had been prepared based on this point. Eroğlu explained the details of the application as follows:

“If we do not get the result we want from the abstinence circular, we will establish a traffic operation center. Our infrastructure is ready. We will remove the mandatory bidding of insurance companies hen an offer is received on this platform. The customer will come to the agent, the agent will notify the company, the company will do it or not. Then the policy request will be sent to the operations center. The information of the claimant will be viewed by 27 companies that sell traffic insurance. It will be completely free to bid or not. We will not oblige. If an offer has been submitted, it will be given a policy in 5 minutes without waiting. If no insurance company offers, which I don’t think it will exceed 10 percent and if no one has submitted a bid, we will throw it into the pool over the previous insurance company and distribute it to the entire sector.”

Source: finans.mynet.com/haber/detay/ekonomi/arabasi-olan-herkesi-ilgilendiriyor-trafik-sigortasinda-yeni-donem-altyapi-hazir-diyerek-duyurdular-zorunluluk-kaldiriliyor/463479/