AvivaSa Emeklilik ve Hayat announced the financial results for the first half of 2017. During the first half of the year, the company grew by 28 percent in terms of fund size and 4 percent in terms of participants over the same period of last year. According to the statistics of Pension Monitoring Center dated 30 June 2017, AvivaSa preserved its market leadership position with a fund size of 13.5 billion TL and a market share of 19.3 percent. The number of its participants reached 885 thousand; with net contributions standing at 696 million TL.
Since the beginning of this year, when Auto Enrollment System was initiated, the company expanded its BES fund size by 14 percent. As of June 2017, AvivaSa has increased its premium volume of life and personal accident insurance premiums by 57 percent over the same period of last year, up to 231 million TL.
Reflection of successful BES performance on Auto Enrollment
Fırat Kuruca, CEO of AvivaSa, gave a statement on financial results, and said that Auto Enrollment System was in the process of gradual initiation: “2 thousand companies including the giant holding companies of our country have chosen to work with AvivaSa for Auto Enrollment. We aim to repeat our successful BES performance in Auto Enrollment as well, by maintaining our strong growth performance and leadership in fund size. According to the statistics of Pension Monitoring Center as of 30 June 2017, our number of participants in Auto Enrollment has reached 186 people, with a fund size of 52.7 million TL.”
Not a simple policy, but a contract for future
Underlining that AvivaSa did not only sell policies, but also insured the future of more than 2 million customers who preferred to work with them; Kuruca added as follows: “BES and Auto Enrollment are of vital importance in terms of personal savings. I recommend our customers to regard their pension contracts not only as simple policies but also contracts they sign with themselves to secure their futures. I believe that retirement is one of the most important financial decisions a person can make.”