Sunday, 12 June 2016 12:00
The Last Ring of Change: Direct Compensation System
Works concerning the Direct Compensation System (DCS) being carried out under the roof of the Insurance Association of Turkey (TSB) are continuing. The DCS is a compensation payment method being implemented under compulsory traffic insurances in almost all European countries with small differences for a long time. The main objective of the project, which was initiated in Turkey by the TSB in 2013, is increasing the satisfaction of compulsory traffic insurance customers while lowering the operational costs of insurance companies.…
Tuesday, 24 May 2016 16:50
Digital Era Begins in Damage Assessment
Damage assessment processes employed by insurance companies and repair services have been undergoing a number of changes. Circular on the Appraisal Fee Tariff published on 28 August, 2015 was the breaking point that triggered the changes. The circular postulates the introduction of a base price practice, pushing average appraisal costs by nearly 100 per cent. The increase in questions means more than TL 100 million extra costs for the industry. However, insurers were not able to reflect the increase in…
Sunday, 03 April 2016 10:41
New Era in Damage Repair: OSEM
According to current data, automobiles and vans under 5 years old make up 33% and 38% of the total vehicle population, respectively. Service usage percentage of vehicles under 5 years old currently stands at 80%, which dwindles even further in commercial vehicles. However, that ratio reaches higher levels in older vehicles, much to the advantage of private car services and repair shops. One million and two hundred thousand accidents occur on our roads each year, in 54% of which are…
Monday, 29 February 2016 11:24
What is Going On With Our Traffic Insurance Policies ?
The steadily rising traffic insurance prices have recently become a much discussed hot-button topic, providing fodder for friendly banter as to what lies beneath the sudden surge in prices. The whole issue seems to have bogged down in an interminable exchange of comments, complaints and discussions. On the one side, we have the vehicle owners who’ll have to dig deeper into their pockets to afford the spiralling insurance prices and squaring off against them are insurance companies who are trying…
