Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the November issue of Turkinsurance, we have prepared At the end of the third quarter of 2019, total number of par-
an issue full of news, articles, analyses and researches to shed ticipants stood at 6 million 799 thousand people, and 5 mil-
light on Turkish insurance and pension markets. lion 739 thousand of them joined the system via auto-enroll-
ment (OKS). As of this quarter, total fund size of the BES
Global temperature change, global trade collapse and cyber system reached 16 billion 377 million USD; yet only 1 billion
warfare dominate the top three extreme risks that could have 281 million USD of it came from auto-enrollment (OKS) par-
a significant impact on economic growth and asset returns, ticipants.
should they happen.
This month, our Country Profile section covers Romania. You
According to the consolidated balance sheet and income ta- can have a general idea Romania’s general economic condi-
bles announced by the Insurance Association of Turkey as of tion its progress and insurance rates by reading this report.
the end of June 2019, technical profit of the non-life segment
stands at 368 million 579 thousand USD, life segment at 167 Hope to meet with the next issue
million 545 thousand USD and pension system at 44 million
960 thousand USD. Thus, overall technical profitability of Your sincerely
the market reaches 581 million 85 thousand USD.