Since its entry into the Turkish market in 2008, the German insurance company Allianz has expanded its investments and operations in the country in a sustainable fashion. The total investments of the company have surpassed 1 billion euros ($1.12 billion), while long-term plans regarding the market continue, Allianz Turkey CEO Tolga Gürkan said on Saturday.
The company will focus on the Allianz Technical Earthquake and Fire Testing and Training Center this year, Gürkan said, referring to the additional plans to launch Allianz Teknik, established on the campus of the Turkish-German University in Beykoz in October.
Besides, we will continue our investments that concentrate on agility, simplicity, efficiency and digitalization to serve our customers much better and faster,” he said, recalling that Allianz serves more than 92 million customers with more than 142,000 employees in over 70 countries.
“Our roots in Turkey date back to 1923 with Şark Sigorta,” he continued. “In 1974, Allianz became a partner in Şark Sigorta, which joined Koç Group in 1988. In 1998, the company changed its name to Koç Allianz. After Allianz Group took over the shares of Koç Holding in 2008, the company continued its path as Allianz. Allianz, which acquired Yapı Kredi Sigorta and Yapı Kredi Emeklilik in 2013, completed the merger process in 2014.”