Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the April issue of Turkinsurance, we have prepared an had the highest fund occupancy rate.
issue full of news, articles, analyses and researches to shed
light on Turkish insurance and pension markets. At the end of 2019, premiums produced by Turkish insurance
market reached 11 billion 318 million USD; up by 12.63%
Two global companies, Ernst & Young and Allianz, published compared to the same period of previous year. Liability insur-
two reports focusing on the insurance market on a global ance line got the majority share in premium production, while
scale and revealing trends for 2020. According to these two life insurance had the highest growth rate.
reports, 2020 will bring both opportunities and risks for the
insurance market. This month, our Country Profile section covers Bulgaria. You
can have a general idea Bulgaria’s general economic condi-
Fund size of participants in Individual Pension System (BES) tion its progress and insurance rates by reading this report.
exceeded 16 billion 467 million USD at the end of 2019. Hope to meet with the next issue
Stock funds were the most profitable fund group for investors
with a return of 37.60 percent, while precious metals funds Your sincerely