Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the January issue of Turkinsurance, we have prepared an lion 91 million USD, and fund size of participants that joined
issue full of news, articles, analyses and researches to shed the system via auto-enrollment reached 1 billion 476 million
light on Turkish insurance and pension markets. USD.

World Meteorological Organization (WMO) has declared that According to the consolidated balance sheet results as of Sep-
2020 could be the 2nd warmest for the year to date, following tember 2020 announced by the Insurance Association of Tur-
2016, due to the droughts seen in autumn which were above key, total technical profit in non-life segment reached 970
seasonally normal levels. Authorities from the WMO, an or- million 317 thousand USD, compared to 282 million 996
ganization that operates under United Nations, state that the thousand USD in life segment. Overall technical profit of
report on the State of the Global Climate in 2020 is based on Turkish insurance market reached 1 billion 318 million 47
five global temperature datasets. They add that heat, drought, thousand USD. During the same term, technical profit in the
fires and storms have had a serious impact on the tempera- pension segment stood at 64 million 733 thousand USD.
tures measured this year. The report says “2020 is on track
to be one of three warmest years on record”, and ocean heat This month, our Country Profile section covers Israel. You
is at record levels and more than 80% of the global ocean can have a general idea Israel’s general economic condition
experienced a marine heatwave at some time in 2020. its progress and insurance rates by reading this
report.
At the end of 2020, total number of participants in IPS (Vol-
untary Participation) reached 6 million 898 thousand people, Hope to meet with the next issue
while AES (Auto-Enrollment System) reached 6 million 635
thousand participants. Total fund size in BES reached 18 bil- Your sincerely