Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the January issue of Turkinsurance, we have prepared an lion 526 thousand USD, bringing technical profit of Turkish
issue full of news, articles, analyses and researches to shed insurance market to 764 million 103 thousand USD.
light on Turkish insurance and pension markets.
At the end of the last quarter of 2018, total number of In-
dividual Pension System reached 6 million 875 thousand. 4
According to the statistics by Turkish Catastrophic Insurance million 990 thousand of those participants joined the system
Pool (TCIP/DASK), Compulsory earthquake insurance has via auto-enrollment. During 2018, total fund size of Individu-
reached 8 million 825 thousand policies at the end of 2018. al Pension System reached 14 million 504 million USD, 871
The result indicates that 50 percent of nearly 18 million million 210 thousand USD of which was gained from auto-en-
houses have been insured against earthquakes. As in previous rollment participants.
years, rate of insurance is higher in higher-risk seismic zones;
but still stands as low as 4.62 percent for buildings construct- This month, our Country Profile section covers Bulgaria. You
ed before 1975. can have a general idea Bulgaria’s general economic condi-
tion its progress and insurance rates by reading this report.
According to the consolidated balance-sheet and income ta-
bles announced by the Insurance Association of Tukey (TSB) Hope to meet with the next issue
as of the end of September 2018, total technical profit in
the non-life segment reached 55 million 577 thousand USD. Your sincerely
Technical profit in the life segment was reported as 208 mil-