Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the July issue of Turkinsurance, we have prepared an issue non-life branch. In addition to the non-life branch with a loss
full of news, articles, analyses and researches to shed light on of 423 million 96 thousand TL, a technical profit of 805 mil-
Turkish insurance and pension markets. lion 714 thousand 511 TL was reached in the life branch and
247 million 506 thousand 873 TL in the pension branch. The
‘The results of the 2022 Global Risks Report were announced total profitability of the sector was seen as 630 million 125
at an online event organized by Marsh Türkiye and Zurich thousand 116 TL.
Sigorta strategic partnership and with the support of TUSI-
AD. The Global Risks Report, published every year before the At the end of the second quarter of 2022, the total number
World Economic Forum, details the risks that are most likely of participants in the Private Pension System was 7 million
and severe in the coming period. Accordingly, in the report 446 thousand people, while the number of participants includ-
published on the 17th of this year, most experts say that they ed in the system through automatic participation turned out
believe that the global economic recovery will be volatile and to be 7 million 742 thousand people. During this period, the
unstable in the next three years. According to the report’s total fund size of the BES was 258 billion 255 million TL,
highlights; the most important and long-term risks are related and the amount of funds received from participants included
to climate risks, while the most important short-term global in the system through automatic participation was 20 billion
concerns include social divisions, livelihood crises and mental 738 million TL.
health impairment.
Hope to meet with the next issue
According to the consolidated balance sheet and income state-
ments at the end of March 2022, announced by the Turkish Your sincerely
Insurance Association (TSB), the sector made losses in the