Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the January issue of Turkinsurance, we have prepared an 73.78% compared to the third quarter of 2023 and reached
issue full of news, articles, analyses and researches to shed 570 billion 442 million TL. During this period, the premium
light on Turkish insurance and pension markets. production in non-life branches increased by 73.59% to TL
501 billion 165 million, while the premium production in the
The insurance industry undergoes a transformation every life branch increased by 75.17% to TL 69 billion 277 mil-
year, influenced by global economic, social, and technolog- lion.
ical developments. 2025 will be no exception, with a range
of innovations shaping the sector. In this article prepared for At the end of the fourth quarter of 2024, the number of par-
our insurance magazine, we take a closer look at what will be ticipants in the Pension System (BES) increased by 9.67%
on the agenda of the industry in the coming year. 2025 will compared to the same period last year, while the number of
be a year in which artificial intelligence (AI) is more deeply participants joining the system through the Individual Pen-
integrated into the insurance sector. AI-powered risk analy- sion System (OKS) grew by 5.48%. Additionally, the total
ses, customer behavior predictions, and policy pricing models fund size in BES surpassed 1 trillion TL.
will reshape the industry’s operational principles. AI will also
enable faster and more effective decision-making in claims According to the data from the Pension Monitoring Center
management processes. (E.G.M.) dated December 27, the total number of partic-
ipants in the Pension System (BES) increased by 9.67%
In the third quarter of the year, total premium production compared to the same period last year, rising by 838,000
in the insurance sector increased by 73.78% compared to people to reach 9 million 514,000 participants in the last
the same period last year, reaching 570 billion 442 million quarter of the year. During this period, the number of partic-
TL. During this period, the highest growth in premium pro- ipants who joined the system through automatic enrollment
duction, as in the previous period, was observed in fire and (OKS) increased by 5.48% compared to the same period last
natural disaster and health branches, while the largest share year, rising by 510,000 people to reach 9 million 837,000
was seen in liability insurance. participants.

According to the data announced by the Insurance Associa- Hope to meet with the next issue
tion of Turkey (T.S.B.) at the end of September 2024, the to-
tal premium production in the insurance sector increased by Your sincerely