Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the September issue of Turkinsurance, we have prepared Auto Enrollment System (OKS in Turkish acronym), which
an issue full of news, articles, analyses and researches to shed was launched in 2017, is reshaping the demographics of the
light on Turkish insurance and pension markets. Individual Pension System (BES in Turkish acronym) in
Turkey. Total number of participants including those gained
Centre for the Study of Financial Innovation, an independ- via auto-enrollment has exceeded 11.9 million as of August
ent forum, and PwC have published Insurance Banana Skins 2019. Average age of BES participants increased up to 40.1.
2019 report, which is a research based on a survey conducted Escalation of the number of male participants is another
with insurance industry experts about the current risks and striking change brought by OKS.
future trends.
This month, our Country Profile section covers France. You
At the end of the second quarter of 2019, premium production can have a general idea France’s general economic condition
of Turkish insurance market stands at 5 billion 756 million its progress and insurance rates by reading this report.
USD. During this quarter, with a share of 29.24%, liability
insurance gets the biggest share from the overall production, Hope to meet with the next issue
once again. Highest premium growth, on the other hand, is
reported in the insurance line. Your sincerely