Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the July issue of Turkinsurance, we have prepared an is- in pension system. Overall profitability of Turkish insurance
sue full of news, articles, analyses and researches to shed light and pension markets is reported as 267 million 789 thousand
on Turkish insurance and pension markets. USD.

Brand Finance published the annual report on Insurance 100 At the end of the second quarter of 2019, total number of
for 2019. Chinese insurance giant Ping An was listed as the participants in Individual Pension System (BES) was 6 mil-
world’s most valuable insurance brand in 2019. Ping An lion 806 thousand people. 5 million 460 thousand of those
strengthened its leadership position by increasing its brand participants were gained via auto-enrollment (OKS). Overall
value up to 50.5 billion USD, with a growth of 92.9% com- fund size of BES stood at 14 billion 902 million USD, 1 bil-
pared to 2018. Top 6 companies remained the same as the lion 94 million USD of which came from the auto-enrollment
listing in 2018: Allianz maintained its position as the second participants.
most valuable brand, valued at 23.1 billion USD after 14.2%
of growth since last year. This month, our country profile section covers Poland. You
can have a general idea Poland’s general economic condition
According to consolidated balance sheet and income tables its progress and insurance rates by reading this report.
announced by the Insurance Association of Turkey (TSB) as
of March 2019, total technical profit has reached 156 million Hope to meet with the next issue
997 thousand USD in non-life segment, 85 million 641 thou-
sand USD in life segment and 23 million 842 thousand USD Your sincerely