Page 19 - Turkinsurance Digital Magazine

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The insurance sector continues to

increase its employment strength

According to the data at the end of the year 2021, insurance, private pension and
reinsurance companies in Turkey employ a total of 20 thousand 924 people. In the
sector where female employees are more predominant, it is seen that 68 percent

of the personnel are university graduates and 11 percent are graduate graduates.
Considering all levels of education in the sector, the number of employees who have
graduated from insurance or actuarial departments is only one thousand 707

According to the data announced by the Turkish Insurance As- According to the information obtained from TSB data, 158
sociation (TSB), the number of people employed in insurance, primary and secondary school equivalent, 1,484 high school
private pension and reinsurance companies has reached 20,924 equivalent, 2,747 2-year high school, 14,300 university and
by the end of 2021. When agents, brokers, actuaries and sur- 2,235 graduate graduates are employed in the sector.
veyors are included in this number, it turns out that the sector
has created jobs for close to 50 thousand people. It is notewor- Employment indicators in the insurance
thy that the number of personnel graduating from insurance / sector (2021)
actuarial depart-ments is less than expected compared to other Number of personnel working in 12.202
branches of education, while the vast major-ity of personnel insurance companies *
are university graduates. Employees who have graduated from
business fields have a better chance of employment in the sec- Number of personnel working in 8.389
tor. As of now, the number of employ-ment of business gradu- pension companies *
ates with university and postgraduate education is 5229. Number of employees of the re- 333
insurance company
The rapidly developing insurance and pension sector makes
a significant contribution to the Turkish economy, while the Number of experts 1.852
area of employment provided by the sector is also growing. Number of real person experts 1.249
Con-sidering the sub-divisions such as employees of distribution Number of legal person experts 603
channels such as banks, agents, brokers, actuaries, surveyors,
company employees, sales professionals, it is believed that the Number of agents 16.473
sector indirectly provides employment to more than 100 thou- Number of brokers 165
sand people. While the growth and development of the sector
continues, this situation makes a significant contribution to the Number of actuaries 388
increase in existing employment. * The sales staff is included.
Source: TSB, TOBB, SBD