Özel Riskler Yönetim Merkezi

What Özel Riskler Yönetim Merkezi does

Özel Riskler Yönetim Merkezi (ÖRYM) is a Turkish government-affiliated institution, established by Cabinet Decision 2018/11892 on 4 June 2018 and reorganized into a legal entity in 2020–2021. Operating under the supervision of the Ministry of Treasury and Finance and the SEDDK insurance regulator, ÖRYM runs the Devlet Destekli Alacak Sigortası (DDAS) — a state-supported commercial receivables insurance scheme that protects Turkish SMEs against buyer insolvency, bankruptcy, concordatum, and default on domestic TL-denominated credit sales with terms of 120–360 days.

ÖRYM's product portfolio comprises three core offerings: DDAS Ticari Temel (a fixed-tier package product with premiums from TL 1,000 to TL 10,000 and coverage limits of TL 30,000–300,000, no buyer credit inquiry required); DDAS Ticari Standart (a revenue-linked standard product with tariff-based premiums of 0.17%–1.61% and credit limits up to TL 4,500,000 per buyer); and DDAS Finansman (a receivables-assignment insurance product that enables banks to accept insured SME receivables as financing collateral). A fourth line, Katılım Sigortacılığı, provides Sharia-compliant participation insurance supervised by an İKTİSAT-sourced Consultative Committee. Technical operations are managed by Türk Reasürans A.Ş., a wholly state-owned reinsurer established 6 September 2019 with TL 600 million capital.

ÖRYM distributes exclusively through 14 participating Turkish insurers and their agent/broker networks, and through banks for DDAS Finansman — ÖRYM does not sell directly. Pricing follows a regulated tariff published by ÖRYM and SEDDK, with a TL 5,000 minimum calculated premium, 10% cash discount for prepayment, and annual billing. The SME eligibility ceiling was raised from TL 125 million at launch to TL 1 billion in domestic credit sales (with discretionary +50% allowance). Cumulative outcome metrics (as of late 2022) include ~50,000 buyers covered and ~TL 10 billion in financial guarantees since program inception in 2019, with 35% YoY growth in the first nine months of 2022 and TL 1.2 billion in credit limits allocated to ~10,000 new SMEs during the COVID-19 restructuring. ÖRYM operates with a lean team of 7 employees from its Çekmeköy, Istanbul headquarters.

Name

Özel Riskler Yönetim Merkezi

Legal name

Özel Riskler Yönetim Merkezi

Website

https://alacaksigortasi.com.tr

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Özel Riskler Yönetim Merkezi (ÖRYM) operates Turkey's state-backed Devlet Destekli Alacak Sigortası (DDAS) system, providing government-guaranteed commercial receivables insurance to SMEs against buyer default, administered with Türk Reasürans and distributed through 14 partner insurers.

Ownership category

akta.pro rank

Product category

Trade Credit Insurance

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Claims Adjusting (524291)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Claims Management & Digital FNOL Platforms (FSAGAGAC)

akta.pro secondary industry

Third-Party/Vendor Risk Management (TPRM) & Due Diligence (BPAKADAH)

Keywords

• Commercial receivables insurance
• Trade credit insurance
• SME risk management
• Receivables financing insurance
• State-backed credit insurance

Headquarters

HQ city

İstanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. DDAS Insurance Premium Revenue: ÖRYM operates a government-mandated insurance scheme for SMEs. Premium revenue is collected from insured SMEs through participating insurance companies. Premium rates are regulated by the tariff published by ÖRYM and vary based on annual domestic credit sales turnover and selected payment term (120–360 days). Minimum calculated premium is TL 5,000. Premiums can be paid in full with a 10% cash discount, or in installments with minimum 25% down payment and up to 5 additional installments.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Özel Riskler Yönetim Merkezi (ÖRYM) administers the Devlet Destekli Alacak Sigortası (DDAS) system, a government-backed commercial receivables insurance program that protects Turkish SMEs against non-payment risk on domestic credit sales. The system insures TL-denominated invoices with maturities of 120, 180, 240, or 360 days against buyer insolvency, bankruptcy, concordatum, and default, and is distributed through 14 participating insurance companies. Three products are offered: DDAS Ticari Temel (fixed-premium package), DDAS Ticari Standart (turnover-linked premium with buyer credit assessment), and DDAS Finansman (receivables financing collateral insurance for banks).

Product overview

Özel Riskler Yönetim Merkezi operates the Devlet Destekli Alacak Sigortası (DDAS) system — a government-backed commercial receivables insurance scheme for SMEs. The portfolio consists of three distinct products: DDAS Ticari Temel (basic package-based product with fixed premium/coverage tiers), DDAS Ticari Standart (standard revenue-linked premium product with buyer credit limit assessment), and DDAS Finansman (receivables-backed financing enabler for banks). Together, these products protect SMEs against non-payment risks on unsecured domestic credit sales, with terms from 120 to 360 days, and support access to bank financing through receivables assignment.

Differentiator

Problem solved

Functional benefit

Brands

• DDAS Ticari Temel: A commercial receivables insurance product with fixed premium packages based on maximum compensation limits, featuring 100% coverage rates and no buyer inquiry requirements.
• DDAS Ticari Standart
• DDAS Finansman

Products and services

• DDAS Ticari Temel Basic commercial receivables insurance product where coverage is based on fixed premium packages and maximum compensation limits (TL 1,000 premium → TL 30,000 coverage; TL 2,500 → TL 75,000; TL 5,000 → TL 150,000; TL 10,000 → TL 300,000). Designed for Turkish SMEs that need affordable, predictable coverage without buyer-level credit inquiry.
• DDAS Ticari Standart Standard commercial receivables insurance product covering domestic credit sales with maturities of 120, 180, 240, or 360 days. Premium is calculated based on revenue-linked rates and buyer credit limits. Covers trade receivables arising from sales contracts, invoices, open accounts, and checks/notes for Turkish SMEs.
• DDAS Finansman Insurance product that covers the non-payment risk of domestic receivables transferred by SMEs to banks or financial institutions. Enables SMEs to use commercial receivables as collateral for financing access, with banks including themselves as 'dain-i mürtehin' (assignee) on the policy.

Quantifiable outcome

• Covers approximately TL 10 billion in buyer receivables for ~50,000 buyers since 2019
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Türk Reasürans A.Ş.coreStrategic or Co-development Partner · 1 January 2020Türk Reasürans A.Ş. serves as the Technical Operator (Teknik İşletmeci) of Özel Riskler Yönetim Merkezi since 2020, managing the DDAS system on behalf of the Ministry of Treasury and Finance. Türk Reasürans is a wholly state-owned reinsurance company established on 06.09.2019 with TL 600 million capital fully provided by the Ministry of Treasury and Finance.
• Ak Sigorta, Allianz Sigorta, Anadolu Sigorta, Axa Sigorta, Bereket Sigorta, Doğa Sigorta, Neova Sigorta, Prive Sigorta, Quick Sigorta, Ray Sigorta, Şeker Sigorta, Türkiye Katılım Sigorta, Türkiye Sigorta, Zurich SigortacoreChannel Partner/ Reseller/ Distributor14 participating insurance companies distribute DDAS products to eligible SMEs across Turkey through their agent and broker networks. These companies handle the policy application process and premium collection on behalf of ÖRYM.
• Sigortacılık ve Özel Emeklilik Düzenleme ve Denetleme Kurumu (SEDDK)coreOthersSEDDK is the insurance and private pension regulatory and supervisory authority in Turkey that oversees the DDAS system, sets eligibility conditions, and regulates the tariff and operational guidelines.
• T.C. Hazine ve Maliye Bakanlığı (Ministry of Treasury and Finance)coreOthersThe Ministry of Treasury and Finance is the parent ministry of ÖRYM, provides the overarching legal framework for the DDAS system, and commits state-backed reinsurance support to the system through official Council of Ministers decrees.
• Sigorta Bilgi ve Gözetim Merkezi (SBM)supportingTechnology or IntegrationSBM serves as the insurance information and surveillance center, providing the digital platform for damage/claim notifications for DDAS policyholders.
• İslam İktisadı Araştırmaları Vakfı (İKTİSAT) — Consultative CommitteesupportingStrategic or Co-development PartnerThe Consultative Committee (Danışma Komitesi) providing Sharia compliance oversight for the Katılım Sigortacılığı product is sourced from the İKTİSAT Foundation. Committee members include Prof. Dr. Servet Bayındır (Chairman), Dr. Fatih Orum (Vice Chairman), Dr. Yahya Şenol, and Dr. Serdar Özalp.
• Türkiye Odalar ve Borsalar Birliği (TOBB)supportingGTM or Marketing PartnerTOBB is Turkey's union of chambers and commodity exchanges, representing the SME business community that constitutes the primary customer base for DDAS.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Kredi Garanti Fonu (KGF): Turkish Credit Guarantee Fund providing state-backed loan guarantees to SMEs that lack collateral. Highly comparable as a parallel state-supported mechanism for SME financial inclusion — both channel government credit support to Turkish SMEs, KGF through loan guarantees and ÖRYM through receivables insurance.
• Türk Reasürans A.Ş. Turkish state-owned reinsurer serving as Technical Operator of ÖRYM since 2020 and providing state-backed reinsurance to DDAS. Closest peer in terms of mandate, governance, and function — both operate within the Turkish state-backed insurance architecture for SME risk.
• Credendo – Guarantees & Specialty Risks: European credit insurance group offering trade credit insurance, surety bonds, and guarantees. Comparable as a private-sector credit insurance specialist competing against state-backed schemes like DDAS in their respective markets.

Broad incumbents

• Coface: French-headquartered global trade credit insurer providing receivables insurance, business information, and debt collection. Comparable as a direct competitor in commercial receivables insurance globally, including in Turkey through Coface Sigorta.
• Atradius: Dutch-based global trade credit insurer offering credit insurance, guarantees, collections, and credit information. Directly comparable as one of the "big three" private trade credit insurers competing with state-backed DDAS for SME and corporate receivables insurance.
• Allianz Trade (Euler Hermes): Global leader in trade credit insurance (formerly Euler Hermes, now part of Allianz Group). Directly comparable as the dominant private-sector trade credit insurer serving exporters and domestic businesses; both sell commercial receivables insurance against buyer default.

Others

• Sigorta Bilgi ve Gözetim Merkezi (SBM): Turkish insurance information and surveillance center providing the digital claim-notification platform for DDAS policies. Ecosystem partner rather than direct competitor — comparable as a Turkish state-supported insurance infrastructure entity.
• Türkiye Katılım Sigorta: One of the 14 DDAS distribution partners, specifically the participation-insurance-focused carrier that distributes the Katılım Sigortacılığı variant. Comparable as a channel partner rather than peer competitor; both serve the Islamic finance-aligned SME segment in Turkey.

Regional players

• Anadolu Sigorta: Major Turkish commercial insurer and one of DDAS's 14 distribution partners, offering its own commercial credit and receivables insurance products. Comparable as a Turkish insurance carrier active in the same SME receivables insurance market where DDAS operates.
• Türk Eximbank: Turkish state export credit bank providing export credit insurance, loan guarantees, and working capital financing to Turkish exporters. Comparable as a Turkish state-supported trade credit entity, though focused on export rather than domestic receivables.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/orym-tr

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Özel Riskler Yönetim Merkezi