Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the July issue of Turkinsurance, we have prepared an statements at the end of March 2021 announced by the Insur-
issue full of news, articles, analyses and researches to shed ance Association of Turkey (TSB), total technical profit in
light on Turkish insurance and pension markets. the non-life branch reached 2 billion 8 million 372 thousand
162 TL, 646 million 172 thousand 928 TL in life branch and
PwC has announced the results of its traditional Annual 254 million 391 thousand 428 TL in private pension branch.
Global CEO Survey carried out for the 24th time this year. Total profitability of the sector was seen as 2 billion 908
The Survey was carried out in January and February of 2021 million 936 thousand 518 TL.
rather than at the end of the previous year, considering the
Covid-19 vaccine development process, the USA presiden- At the end of the second quarter of 2021, the total number of
tial election, and Brexit bargains between England and EU, participants in the Private Pension System is seen as 6 mil-
and it was completed with the participation of 5,050 CEOs lion 907 thousand people, while the number of participants
from 55 countries and regions. The most remarkable result included in the system through automatic participation is 6
of the survey is that 76 percent of the global CEOs are ex- million 777 thousand people in total. During this period, the
pecting economic growth in 2021 after a challenging global total fund size in the BES is 149 billion 910 million TL, and
pandemic year. While the developments about pandemics are the amount of funds obtained from the participants included
at the top of the CEOs’ definition of risk, cyber threats in- in the system through automatic participation is 12 billion
cluding subtopics such as cyber-attacks and disinformation 938 million TL.
are considered among the important issues of the business
world. According to the survey, CEOs do not agree on climate This month, our Country Profile section covers Qatar. You
change; while 30 percent of the participant managers report can have a general idea Qatar’s general economic condition
a serious concern about climate change, 60 percent do not its progress and insurance rates by reading this
consider climate change among strategical risks in terms of report.
management.
Hope to meet with the next issue
According to the consolidated balance sheet and income Your sincerely