Page 3 - TurkInsurance Digital Magazine

Dear Readers,

For the July issue of Turkinsurance, we have prepared an is- was reported at the life insurance line.
sue full of news, articles, analyses and researches to shed light
on Turkish insurance and pension markets. At the end of the second quarter, number of participants in
BES has reached 6 million 981 thousand; while number of
Also known as driverless or self-driving cars with their abili- participants who joined the system via auto-enrollment has
ty to move autonomously through various sensors to monitor increased up to 4 million 121 thousand. Total fund size of
surroundings without requiring human intervention, auton- the system stood at 15 billion 126 million USD, 645 million
omous vehicles are getting ready to reshape many sectors, 975 thousand USD being gained from the auto-enrollment
automotive and industrial sectors in particular. In the near participants.
future, when autonomous vehicles are estimated to become
widespread, most of the potential accidents are also expected This month’s Interview section hosts Bradley Du Chenne, CEO
to occur due to system or software errors. This brings out the of Telesure Turkey. This month, our Country Profile section
question ‘Who will be responsible from the risks?’. Therefore, covers Russia. You can have a general idea Russia’s general
autonomous vehicle technology is predicted to largely reshape economic condition its progress and insurance rates by read-
the insurance market. ing this report.

At the end of the first quarter of 2018, premium production Hope to meet with the next issue
of Turkish insurance market reached 3 billion 684 million
USD. Liability insurance line got the biggest share from pre- Your sincerely
mium volume with 27.63 percent, whereas highest increase