Yapi Kredi Sigorta & Yapi Kredi Yasam Sigorta
The names of Halk Sigorta and Halk Yasam Sigorta which have been active in insurance and life insurance sectors since 1943 and 1991 respectively are changed to Yapi Kredi Sigorta and Yapi Kredi Yasam Sigorta in order to create synergy with Yapi ve Kredi Bankasi under one name which will lead to more effective and influential introduction of products.
Yapi Kredi Sigorta is owned by Yapi ve Kredi Bankasi by 74% and the rest is free float in Istanbul Stock Exchange with ticker name "HLKSG" whereas Yapi Kredi Yasam Sigorta is a fully owned subsidiary of Yapi Kredi Sigorta. According to comparable market information, Yapi Kredi Sigorta & Yapi Kredi Yasam Sigorta as a group rank second in the insurance business with 10.25% market share as of December 31, 1999.
Yapı Kredi / 02 Jan 2001