Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the May issue of Turkinsurance, we have prepared an levels of education in the sector, excluding direct sales per-
issue full of news, articles, analyses and researches to shed sonnel, the number of employees who have graduated from
light on Turkish insurance and pension markets. insurance or actuarial science departments is 1,914. The
sector contributes to youth employment by launching various
At the end of the first quarter of 2024, the total number of projects to increase young employment and attract them to
participants in the Private Pension System was 8 million 931 relevant educational departments.
thousand people, while the number of participants included in
the system through automatic participation turned out to be According to the Global Natural Disasters Report published
9 million 311 thousand people. During this period, while the by Aon, total economic losses due to significant disasters in
number of participants in the Private Pension System (BES) the first quarter of 2024 exceeded $45 billion, with global
showed an increase compared to the previous year, there was insurance losses estimated to reach at least $17 billion.
a decrease in the number of participants in the Individual
Retirement System (OKS). The total fund size in BES was Artificial intelligence and data analytics, mobile applications
observed to be 745 billion 95 million TL, while the OKS fund and self-services, blockchain technology and smart contracts,
amount was 57 billion 685 million TL. the internet of things and telematics, digital customer expe-
rience and personalization, online claims management and
According to end-of-year 2023 data, a total of 25,719 people fast transaction insurance are the prominent developments
are employed in insurance, individual pension, and reinsur- that come to mind when we talk about digitization in the
ance companies in Turkey, including direct sales personnel. insurance sector.
In the sector where female employees are more predominant,
it is seen that 67 percent of the personnel are university grad- Hope to meet with the next issue
uates and 12 percent are graduate graduates. Considering all Your sincerely