Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the November issue of Turkinsurance, we have prepared 7 million 189 thousand people. During this period, the total
an issue full of news, articles, analyses and researches to shed fund size of the BES was 154 billion 217 million TL, and the
light on Turkish insurance and pension markets. amount of funds received from participants included in the
system through automatic participation was 13 billion 911
The results of the ‘Global Pension Index Report’, prepared in million TL.
collaboration with Mercer, CFA Institute and Monash Finan-
cial Research Center (MCFS), have been announced. Iceland, In the third quarter of 2021, the total premium production
which joined the list for the first time this year, became the in the insurance sector was 7 billion 925 million USD. While
country with the best pension system, while the Netherlands liability insurances had the highest share in total premium
was the second and Denmark was the third of the countries production with 25.95% as in previous periods, the largest
that have shared the top two places for 10 years. According increase in premium production occurred in transportation
to the Global Pension Index Report, pension systems need to and vehicle insurances during this period.
be reformed to close gender-related differences in retirement
income. Turkey, which took the third place in the research This month, our Country Profile section covers Russia. You
this year, ranks 39th. can have a general idea Russia’s general economic condition
its progress and insurance rates by reading this report.
At the end of the third quarter of 2021, the total number of
participants in the Private Pension System was 6 million 971 Hope to meet with the next issue
thousand people, while the number of participants included in
the system through automatic participation turned out to be Your sincerely