Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the September issue of Turkinsurance, we have prepared Number of participants in the Individual Pension System
an issue full of news, articles, analyses and researches to shed (BES) has exceeded 6.9 million as of August 2018. Accord-
light on Turkish insurance and pension markets. ing to 2016 statistics, average age of participants in the sys-
tem increased up to 39.4 and weighted average age based
Getting rapidly integrated into the speed of the digital world on total fund size increased to 45.5. The number of males
via blockchain technology, customized insurance products, is higher than females, and majority of the participants are
robotics and artificial intelligence; insurance market is now self-employed, housewives and workers. 28.1 percent of par-
facing the wave of startups. Startups will carry the companies ticipants reside in İstanbul.
that can catch their wave into the future, not only with their
products but also through social media, their way of analysis This month’s Interview section hosts Mehmet Akif Eroğlu,
and new inventions. Companies failing to keep up with the Secretary General of the Insurance Association of Turkey
digital developments and startups will be fiercely challenged (TSB). This month, our Country Profile section covers Po-
in terms of sustainable profitability. land. You can have a general idea Poland’s general econom-
ic condition its progress and insurance rates by reading this
At the end of the second quarter of 2018, total premiums report.
of Turkish insurance market has reached 6 billion 92 mil-
lion USD. Liability insurance line continues to get the highest Hope to meet with the next issue
share in premium production with 30.4 percent, also owning
the highest growth rate in the market. Your sincerely