Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the January issue of Turkinsurance, we have prepared an thousand people, while the number of participants included in
issue full of news, articles, analyses and researches to shed the system through automatic participation turned out to be
light on Turkish insurance and pension markets. 9 million 324 thousand people. During this period, the total
fund size of the BES was 625 billion 517 million TL, and the
The year 2023, despite starting off energetically with the amount of funds received from participants included in the
fading impact of the pandemic on our lives, brought about system through automatic participation was 49 billion 972
distressing processes with the destructive effects of natural million TL.
disasters throughout the year. Additionally, it was a dynamic
year marked by numerous new regulations and plans. There In the third quarter of the year, the total premium production
is very little time left for the insurance industry, which con- in the insurance sector increased by 123% compared to the
tinues its activities with the goal of providing assurance in same period of the previous year, reaching 328 billion 210
times of need, to leave 2023 behind. Despite adversities, the million Turkish Liras. During this period, liability and vehicle
industry, which continues to grow, plans to focus on new in- insurance played a prominent role in premium production,
itiatives in the coming year. Global dynamics in insurance with the most significant increase in premium production ob-
will also focus on important issues in the new year. Digital served in the accident and health insurance branches.
developments are taking the lead.
Hope to meet with the next issue
At the end of the fourth quarter of 2023, the total number of
participants in the Private Pension System was 8 million 673 Your sincerely