Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the August issue of Turkinsurance, we have prepared an during this period, while motor insurance held 11.62%;
issue full of news, articles, analyses and researches to shed general damages, 10.54%; accident insurance, 1.81%; and
light on Turkish insurance and pension markets. marine insurance, 1.05%.

The way insurance products are presented and delivered to By the end of the second quarter of 2025, the number of
users has been rapidly transforming in recent years. One of participants in BES (Bireysel Emeklilik Sistemi \[Private
the key players in this transformation is “embedded insur- Pension System]) increased by 664 thousand compared
ance”, which refers to the automatic or optional offering to the same period of the previous year, while the number
of insurance services during the purchase of a product or of participants included in the system via OKS (Otomatik
service. In other words, the user is protected against risks Katılım Sistemi \[Auto Enrollment System]) rose by 480
while making a purchase. thousand. As a result, the total fund size in BES and OKS
reached 2 trillion 100 billion TL.
This model, which removes insurance from being a separate
buying process and discreetly but effectively integrates it According to data from the Pension Monitoring Center
into consumers’ lives, is rapidly gaining ground in the global (E.G.M.) dated 20 June 2025, the total number of partici-
market. Moreover, it is not only next-generation tech com- pants in BES (Bireysel Emeklilik Sistemi \[Private Pension
panies that are embracing this model—traditional insurance System]) increased by 7.27% compared to the same period
companies are also starting to adopt it. of the previous year, rising by 664 thousand to reach 9.803
million in the second quarter of the year. During the same
According to the data announced by the Insurance Associa- period, the number of participants included in the system via
tion of Türkiye (TSB) at the end of March 2025, total pre- automatic enrollment (OKS \[Otomatik Katılım Sistemi])
mium production in the insurance sector reached TRY 304 increased by 5.08%, or 480 thousand people, reaching a
billion 164 million, marking a 52.17% increase compared total of 9.938 million.
to the end of the first quarter of 2024. During this period,
premium production in non-life branches rose by 49.45 per- Maher Holding Insurance Group President Ahmet Yaşar
cent to TRY 266 billion 562 million, while premium produc- stated, “Insurance should now be positioned not just as an
tion in the life branch increased by 74.67 percent, reaching indemnifier, but as a preventive and guiding actor.”
TRY 37 billion 602 million.
President of the Insurance Association of Türkiye (TSB),
As of the end of March, the branch with the highest premium Uğur Gülen, stated: “A strengthened capital structure en-
production was liability insurance, which includes land, air, hances the sector’s financial resilience and investor confi-
and water vehicles and general liability branches, account- dence.”
ing for 24.78% of the sector’s total premium production.
Health insurance ranked second with a 21.70 percent share, Hope to meet with the next issue
while fire and natural disaster insurance came in third with a
14.21 percent share. Life insurance accounted for 12.36% Your sincerely