Monopoli Sigorta and Acrisure Signed a Strategic Partnership in Turkey

The strategic partnership signed by Monopoli Sigorta, one of Turkey's well-established and innovative brokerage firms, and Acrisure, the leading platform of the global finance and insurance market, opens the doors of a new era in the international arena for both institutions and the Turkish insurance industry. With this strategic move by Monopoli Sigorta, Turkey joins the global finance giant Acrisure network, which strengthens its insurance expertise with data and technology and employs more than 19 thousand people in 24 countries around the world, as the 25th country. Pursuant to the agreement, Monopoli Sigorta will continue its operations under its own strong brand and with its existing leadership team. The strategic partnership of Acrisure and Monopoli Sigorta aims to create an operational synergy by bringing together the competencies of the parties. Monopoli Sigorta's more than 25 years of local market experience, well-established corporate customer portfolio, strong industry relations, innovative distribution models and entrepreneurial culture; This structure, combined with Acrisure's global scale, technology power, international risk consultancy competence and wide financial services ecosystem, plans to offer innovative insurance solutions with more comprehensive risk analysis to customers and business partners in Turkey. The advanced data analytics, reporting, operational excellence and artificial intelligence-supported infrastructure to be implemented within the scope of the partnership aims to both increase operational competencies and improve the service delivery capacity for insurance company partners. Acrisure International President Jason Howard said the following in his evaluation on the subject: “I am delighted that Monopoli Sigorta has joined us as Acrisure's Turkish partner. As Acrisure, it has been our priority for a long time to operate in this region. Monopoli Sigorta wholeheartedly embraces our entrepreneurial spirit, our belief in sustainable growth and our customer-centered approach in every step we take. We look forward to working with the entire team to further strengthen this solid local foundation and explore new growth opportunities. We look forward to this collaboration.” We have full faith in its permanence and success.” Monopoli Sigorta Founding Partners Erol Esentürk and İzzet Bonofiyel noted the following in their statements:"This is a day filled with great pride and indescribable excitement for us. 25 years ago, we set out to build an insurance brokerage institution with trust, long-term relationships and commitment to the people we serve. Our amazing team, as well as our customers, the insurance companies we work with and our business partners, have the great support in helping Monopoli Sigorta reach its current position. Therefore, this good news we share today is primarily for them." Joining our forces with Acrisure is the most exciting turning point of this journey. This partnership actually represents stability. Together with our team that has built the company with us, we will continue to lead Monopoli Sigorta with the energy, culture and long-term vision that has made us who we are since the first day. The only thing that will change is that our horizons will expand further. By taking the power of a leading insurance and financial services platform on a global scale, we will now offer much more, more comprehensive expertise and deeper experience to our customers, business partners and colleagues. We are equipped to offer insights, a stronger operational infrastructure and a much clearer international perspective. This is a proud day for Monopoli Sigorta, as well as a very meaningful day for the Turkish insurance industry. We are already very excited about what the future will bring, while expressing our gratitude to everyone who has brought us to these days.” For Monopoli Sigorta, which became one of the first Turkish insurance brokerage companies to attract corporate private venture capital with the investment of EMF Capital Partners in 2016, this step supports the corporate development of the company and prepares for the international stage it has reached today. Making a statement on the subject, John Richards, COO of EMF Capital Partners, said: "We are proud of the progress made by Monopoli Sigorta since EMF Capital Partners made its first investment in 2016. We wish Acrisure success in guiding Monopoli Sigorta, which has undergone a significant strategic transformation in the last decade, into its next phase of growth."