Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the March issue of Turkinsurance, we have prepared an ation, marine, and general liability lines—which accounted
issue full of news, articles, analy-ses and researches to shed for 27.28% of the sector’s total premium production. During
light on Turkish insurance and pension markets. this period, the health branch ranked second with a 17.32%
share, followed by the life branch with 14.63%. The fire
For many years, the global insurance sector has defined risks and natural disasters branch held a 13.59% share, while
largely through threats belonging to the physical world: motor insurance accounted for 12.97%, general damages
earthquakes, floods, storms, fires… However, at the current for 9.17%, accident for 1.89%, and transport for 1.02%.
stage of digitali-zation, this picture is changing fundamen-
tally. Today, a type of risk that is invisible, borderless, and In 2025, within the Private Pension System (BES), the
capable of affecting thousands of institutions simultaneously highest increase in the number of partici-pants was recorded
has come to the forefront: cy-berattacks. The question is: by Zurich Yaşam ve Emeklilik with 245,702 participants.
Can cyber risk truly be defined as a new “catastrophic risk” Meanwhile, the company that achieved the highest increase
from an insurance perspective? in participants joining the system through automat-ic enroll-
ment was Garanti Emeklilik ve Hayat, with an increase of
In insurance terminology, catastrophic risks are defined as 110,565 participants.
low-frequency but high-severity events that affect large ge-
ographic areas and a significant number of insured parties In the Private Pension System (BES), where 15 companies
simultaneo-usly. Traditionally, this definition has aligned are actively operating, the total num-ber of participants in-
with natural disasters. However, large-scale cybe-rattacks creased by 629,839 people (6.61%) compared to the end
in recent years are prompting a reconsideration of this of 2024, reaching 10,156,000 in 2025. During the same
framework. period, the number of participants included in the system
through automatic enrollment (OKS) increased by 372,606
According to the data announced by the Insurance Associa- people (3.79%) compared to the same period of the previ-
tion of Türkiye (TSB) at the end of De-cember 2025, total ous year, reaching 10,207,000.
premium production in the insurance sector increased by
45.82% compared to the end of 2024, reaching TRY 1 tril-
lion 222 billion. During this period, premium production in Fırat Kuruca, General Manager of Aksigorta said; “We Aim
non-life branches rose by 41.33% to TRY 1 trillion 44 bil- to Position Aksigorta Among the Top Three Non-Life Insur-
lion, while premium production in the life branch increased ance Players in Türkiye.”
by 79.05% to TRY 178 billion 877 million.
Hope to meet with the next issue
At the end of 2025, the branch with the highest premium
production was liability insurance—comprising motor, avi- Your sincerely