Page 3 - Turkinsurance Digital Magazine
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Dear Readers,

        For the September issue of Turkinsurance, we have prepared  same period of the previous year, reaching 8.301 billion USD.
        an issue full of news, articles, analyses and researches to shed  During this  period, liability  and vehicle  insurance played  a
        light on Turkish insurance and pension markets.      prominent role in premium production, with the most signifi-
                                                             cant increase in premium production observed in the accident
        According to data from the World Meteorological Organiza-  and health insurance branches.
        tion (WMO), climate or water-related disasters have caused an
        average of 115 deaths per day and an average of 202 million  At the end of the second quarter of 2023, the total number
        dollars in damage every day over the past 50 years. According  of participants in the Private Pension System was 8 million
        to the WMO’s report published in 2021, there were a total of  194 thousand people, while the number of participants includ-
        11,072 natural events between 1970 and 2019.         ed in the system through automatic participation turned out
                                                             to be 8 million 694 thousand people. During this period, the
        During this period, floods accounted for approximately 44%  total fund size of the BES was 466 billion 637 million TL,
        of all natural events, followed by storms at 35%, and droughts  and the amount of funds received from participants included
        and landslides at 6% each. Extreme temperatures accounted  in the system through automatic participation was 37 billion
        for 5%, while the least common natural disaster was forest  541 million TL.
        fires, at 4%.
                                                             Hope to meet with the next issue
        In the first half of the year, the total premium production in
        the  insurance  sector  increased  by  52.61%  compared  to  the  Your sincerely
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