Page 27 - Turkinsurance Digital Magazine

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According to the statistics announced by the Pension Monitoring Center (E.G.M)
on 20.03.2020, number of participants in individual pension system (BES) in-
creased by 1.4% in the first quarter compared to Q1 2019, reaching 6 million
908 thousand people. Number of participants who joined the system via auto-en-
rollment (OKS) increased by 17%, up to 6 million 158 thousand people.

At the end of the first quarter, total fund size in BES shrank by 8.06% over the
same period of previous year, and went down to 15 billion 496 million USD; while
the fund size of auto-enrollment participants decreased by 3.77%, down to 1 bil-
lion 322 thousand USD. (According to the TL-based results, total fund size grew
by 27.5% and fund size of auto-enrollment participants by 58.39%. The differ-
ence in USD-based results in the first quarter resulted from the exchange rate dif-
ference compared to 2019. USD/TL=6.5913 on 20.03.2020, USD/TL=5.4881
on 31.03.2020)

At the end of March 2020, total amount of contributions reached 10 billion 818
million USD from 8 million 264 thousand contracts in the BES system. Total
invested amount stood at 10 billion 636 million USD.

“Ziraat Emeklilik preserves its leadership position in terms of participants
joining the system via auto-enrollment with 990 thousand 323 people”

During the first quarter of 2020, Garanti Emeklilik ve Hayat dominated the mar-
ket in terms of number of participants with 1 million 103 thousand people and
a share of 15.97%. It was followed by Anadolu Hayat Emeklilik with 1 million
102 thousand participants and a share of 15.96%. AvivaSa Emeklilik ve Hayat
ranked third with a market share of 10.86% which equaled to 750 thousand 405
participants.

On the other hand, Ziraat Hayat ve Emeklilik got the biggest share in the num-
ber of participants joining via auto-enrollment system, with a market share of
16.08% and 990 thousand 323 auto-enrollment participants. Anadolu Hayat
Emeklilik ranked second with 794 thousand 465 auto-enrollment participants
and a share of 12.90%, followed by AvivaSa Emeklilik ve Hayat with a share of
12.51% and 770 thousand 604 auto-enrollment participants.

Number of BES Number of OKS Number of Number of OKS Total Fund Size in Fund Size in Total Amount of Amount of OKS
Participants Participants BES Certifi- Certificates BES (USD) OKS 8USD) BES Contribu- Contributions
cates tions (USD) (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
2018 Q2 6.984.044 4.112.680 8.264.862 4.267.610 11.847.117.555 511.474.280 9.379.092.731 485.723.516
2018 Q3 6.946.230 4.959.053 8.225.959 5.147.535 12.779.413.568 637.849.731 9.610.424.757 599.022.018
2018 Q4 6.875.886 4.990.786 8.155.521 5.190.546 14.504.725.683 871.210.710 11.043.366.828 785.595.347
2019 Q1 6.813.935 5.265.435 8.090.372 5.475.095 14.186.227.899 974.857.772 10.562.511.840 796.070.657
2019 Q2 6.806.192 5.460.747 8.091.432 5.725.009 14.902.722.627 1.094.562.477 10.618.014.793 885.781.733
2019 Q3 6.799.327 5.739.026 8.090.479 6.078.032 16.377.288.213 1.281.705.994 11.235.816.039 1.014.249.987
2019 Q4 6.859.207 6.018.363 8.181.116 6.403.252 16.855.027.427 1.374.707.630 11.305.998.563 1.070.457.192
2020 Q1 6.908.823 6.158.666 8.264.605 6.600.403 15.496.056.503 1.322.828.268 10.818.318.795 1.100.861.262