Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the March issue of Turkinsurance, we have prepared an say that they are considering having it done. Home insurance
issue full of news, articles, analyses and researches to shed ownership is also quite low. 4 out of every ten houses have
light on Turkish insurance and pension markets. home insurance. 40% of individuals who do not have home
insurance are also considering having it done.
On February 6, 2023, earthquakes occurred in Kahraman-
maraş, affecting ten provinces. The earthquakes, which affect- According to the data of the Natural Disaster Insurance Agen-
ed 13 million people and caused many deaths and injuries, also cy (DASK), the number of compulsory earthquake insurance
caused great regional destruction. policies reached 11.4 million units as of March 2023. Thus,
the insurance rate increased to 57.10%. Although the DASK
It is a well-known fact that insurance awareness needs to be insurance rate increases with each passing period, there is still
higher, and the need for assurance is behind the needs of many a long way to go here.
people or does not exist at all. Unfortunately, we saw to what
extent this situation could create devastating consequences While the fund amount of the participants in the Private Pen-
after the large earthquakes in Kahramanmaraş, affecting ten sion System was TL 205.5 million in 2021, according to the
provinces in different dimensions. On February 6, 2023, our EGM data of January 2023, this ratio grew by 94.5 percent
country experienced two earthquakes covering ten provinces and reached TL 399.9 billion. At the end of 2022, stock funds
with an interval of 8 hours. During earthquakes covering such became the fund group that earned the most to its investors
a vast region, 59% of individuals living in other areas have with a yield rate of 185.62 percent, while precious metals
either a relative or a friend living in these regions. 28% of funds became the fund with the highest occupancy rate of the
these people lost a relative in these earthquakes. 31% also year.
have a friend or relative who has been injured. According to
research published by IPSOS, although DASK is a mandatory Hope to meet with the next issue
insurance that everyone should have, 55% of individuals state
that their homes do not have DASK. Only half of these people Your sincerely