Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the November issue of Turkinsurance, we have pre- 8 million 114 thousand people. During this period, the total
pared an issue full of news, articles, fund size of the BES was 281 billion 559 million TL, and the
amount of funds received from participants included in the
analyses and researches to shed light on Turkish insur- system through automatic participation was 24 billion 644
ance and pension markets. million TL.

According to the data of the Natural Disaster Insurance The increasing acceleration of digital technologies in daily
Agency (DASK), the number of compulsory earthquake in- life has also begun to show its results in the financial sector.
surance policies reached 10.8 million units as of October Today, economic market makers, especially in the insurance
2022. Thus, 54.2 percent of the average 20 million houses sector, benefit from technology and the convenience it brings
were secured against earthquake risk. This figure shows that to their calculations, taking into account the interests of their
almost one out of every 2 houses is still unsecured against customers. Insurtech comes into play at this point and guides
earthquakes. insurance companies on many issues, from risk calculation
to pricing.
At the end of the third quarter of 2022, the total number of
participants in the Private Pension System was 7 million 611 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