Insurance Services

Aon provides actuarial services to life and non-life insurance companies operating in both local and global market with all aspects of insurance actuarial consulting.

The private insurance market in Turkey has grown significantly in the last decade and now constitutes one of the most important players of the economy. Hence the need for the market to adapt to present day requirements has become urgent. Parts of the adaptation process will be the strengthening of the Insurance Companies and the upgrade of the services and products provided. As the beneficiary role of private insurance in the new economic and social environment becomes widely accepted and the role of young population,the Turkish market has a significant potential for growth.


Our services in Actuarial Appraisal Valuations of Life and Non-Life Insurance Businesses includes:

  • Estimation of Adjusted Net Asset Value
  • Value of the In Force Portfolio (life assurance companies).
  • Value of the Future Investment Earnings on Reserves (non-life insurance companies).
  • Value of Ongoing Business.
Insurance Provisions

We offer services to insurance companies concerning the estimation of any kind of insurance liabilities. These are often required in cases of mergers, acquisitions or in the listing of a company in the Stock Exchange.

Our main activities concerning reserving for insurance liabilities is statistical calculation of outstanding claim reserves for Non-Life Insurance, in accordance with the local legislation and International Financial Reporting Standards, as well as serving as Appointed Actuary for non-life insurance companies.

We also offer services to non-life insurance companies concerning the calculation of loss of income in the scope of the Motor Complusory Third Party Liability Insurance and General Liablity Insurance regarding bodily injury claims, including detailed reporting on calculation of the indemnities as per injured party.

Product Design

Defining a clear product strategy focussed on target customer needs can reduce development costs and facilitate the sale process.

Aon can assist in:

  • identifying the target market and define the customer needs
  • designing and price products suitable for that market
  • defining the sensitivities and risks including the use of reinsurance
  • managing the capital requirements in the most efficient manner

Concerning the establishment of a new insurance company or the extension of activities of an existing insurance company, our services include:

  • undertaking the preparation of the planning activities required by the supervising authority
  • conducting a feasibility study and reports
  • evaluating the possibility of purchasing an existing operation at an acceptable price
  • recommending a structure within which the new company (or the new activity) will operate
  • advising on the full range of product options
  • advising on reinsurance