Page 27 - TurkInsurance Digital Magazine

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At the end of the first quarter of this year, total number of
participants in BES (Individual Pension System) reached 6 million
948 thousand; and 3 million 849 of them have participated in the

system via auto-enrollment. Total fund size of the system stood at
17 billion 714 million USD; and 609 million 103 thousand USD
was contributed by the participants who participated via auto-
enrollment.

According to the statistics announced by the stood at 609 million 103 thousand USD. Total
Pension Monitoring Center as of 23.03.2018, amount of contributions reached 13 billion 715
25 thousand 585 new participants entered in million USD, and number of contracts reached 8
the Individual Pension System (BES) during million 204 thousand.
the first three months of this year. Therefore,
total number of participants in the system grew Garanti Emeklilik ve Hayat closed the first quar-
by 2.97 percent over the same period of last ter as market leader in terms of participants,
year, reaching 6 million 948 thousand people. increasing the number of its participants up to
At the end of Q1, 3 million 849 thousand people 1 million 211 thousand and a share of 17.44
participated in the system via auto-enrollment, percent. Anadolu Hayat Emeklilik followed as
which accounted for 55.4 percent of the total second with 1 million 146 thousand participants
number of participants that joined the system in and a market share of 16.50 percent. AvivaSA
this quarter. Number of intermediaries reached Emeklilik ve Hayat ranked third with a market
45 thousand 104. share of 12.62 percent and number of partici-
pants standing at 876 thousand 950.
As of the end of Q1, total fund size grew in TL
based results by 22.92 percent, reaching 17 bil- On the other hand, Ziraat Hayat ve Emeklilik
lion 714 million USD. Fund size of participants ranked first in terms of participants joining via
that entered the system via auto-enrollment auto-enrollment with 735 thousand 103 people.

Number of BES Number of Number of pen- Number of Total Fund Size Auto-Enroll- Amount of BES Amount of
participants participants sion certificates certificates (USD) ment Fund Size Contributions contributions
gained through issued through (USD) (USD) gained through
auto-enrollment auto-enrollment auto-enrollment
(USD)
2017 Q1 6.748.008 669.126 7.930.206 671.823 15.651.041.394 29.304.587 12.632.731.297 30.690.503
2017 Q2 6.811.854 2.515.627 8.002.344 2.537.218 17.211.959.226 170.082.539 13.614.496.599 169.735.830
2017 Q3 6.842.125 3.276.116 8.044.638 3.342.209 17.813.330.203 337.644.739 14.070.473.945 330.852.738
2017 Q4 6.922.615 3.417.003 8.166.075 3.497.574 17.884.795.945 473.817.633 13.883.459.625 455.273.574
2018 Q1 6.948.200 3.849.932 8.204.183 3.967.234 17.714.604.443 609.103.768 13.715.181.253 579.764.072