Page 3 - Turkinsurance Digital Magazine

Dear Readers,

For the June issue of Turkinsurance, we have prepared an included, total employment reaches 27,757. In the sector,
issue full of news, articles, analyses and researches to shed where female employees constitute the majority, 69.2% of
light on Turkish insurance and pension markets. personnel are university graduates, while 10.6% hold post-
graduate degrees. Considering all education levels, including
For many years, the global insurance sector assessed natu- direct sales personnel, the number of employees who gradu-
ral catastrophe risks largely through “peak risks” such as ated from insurance or actuarial science departments stands
earthquakes, hurricanes, and large-scale floods. However, at 2,716. The sector also contributes to youth employment
the report titled “sigma 1/2026 – Natural catastrophes in by implementing various projects aimed particularly at in-
2025: the persistent rise of wildfire and storm risk” pub- creasing youth employment and attracting young people to
lished by Swiss Re Institute reveals that the sector is now relevant fields of study.
facing a different reality: secondary risks have become the
main driver of insured losses. participants with 24.43%, while in OKS certificates, em-
ployees aged 25–34 represent the largest share at 38.26%
According to the report, global insured losses caused by As of the first quarter of 2026, the Individual Pension Sys-
natural catastrophes reached USD 107 billion in 2025. tem (BES) and the Automatic Enrollment System (OKS)
Although this figure remained below the long-term trend, together have a total of approximately 20 million 353 thou-
Swiss Re Institute particularly emphasizes that this does not sand participants and employees. Istanbul stands out as the
mean risks are decreasing. The main reason the year was hub of BES with a 27.57% share, while the largest age
considered relatively “mild” was that no major hurricane group among OKS employees is the 25–34 age range, ac-
made landfall in the United States. counting for 38.26%.

The most striking figure, however, was that 92% of total Deputy General Manager of Agency Sales at Türkiye Sigor-
insured losses stemmed from secondary risks. This ratio ta, Mehmet Turgay Özata said; “Insurance is largely a field
stands out as the highest level ever recorded. based on relationship management.”

According to year-end 2025 data, a total of 19,758 people Hope to meet with the next issue
are employed across insurance, private pension, and reinsur-
ance companies in Türkiye. When direct sales personnel are Your sincerely