Page 3 - Turkinsurance Digital Magazine

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