Turkey: Insurance market employs around 20,000 people

Source: Middle East Insurance Review | Apr 2018

The insurance sector has provided employment to 19,901 people in 2017, an increase of 1.2% over 2016, according to figures announced by Turkey Insurance Association (TSB).

Of the total in 2017, 17,950 or 90.2% of the insurance workforce had attained college, university and post-graduate degrees. More specifically, the number of graduates from insurance and actuarial institutions remained at 1,692, reported Insurance Gazette citing TSB data.

Other data showed that the number of direct sales personnel has been declining for several years. In 2014, there were 6,878 direct sales personnel in the sector, but this number fell to 5,849 last year, representing a decline of 20% over three years.

In 2017, the number of people working in insurance companies, excluding direct sales personnel, was 14,052. Only 1,183 or 9.4% of them graduated from insurance and actuarial studies. M

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