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"CEA European Motor Insurance Market 2007 Report" was summarized and translated into Turkish |
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The Association summarized and translated into Turkish the “CEA European Motor Insurance Market 2007 Report” to be sent to its members. The report analyzes the main features and country-specific implementations in the European motor insurance market in 2006. The summarized Turkish translation of the report is available on the Association’s Turkish website. |
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Circular on Actuarial Reports regarding Life Insurance is published |
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Circular on Actuarial Reports regarding Life Insurance is published by the Turkish Undersecretariat of Treasury.
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Communication on the Submission of Financial Statistics is published |
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Communication on Submission of Financial Statistics is published on 18 April 2008 in the Turkish Official Gazette No: 26851.
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Communication on Corporate Tax is published |
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Communication on Corporate Tax including the deduction of insurance technical provisions from the corporate tax is published on 22 April 2008 in the Turkish Official Gazette No: 26855.
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Circular on the implementation of the regulation regarding insurance agencies is published |
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Circular on the implementation of the regulation regarding insurance agencies is published by the Turkish Undersecretariat of Treasury. |
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Regulation on Insurance Agencies is published |
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Regulation on Insurance Agencies is published on 14 April 2008 in the Turkish Official Gazette No: 26847. |
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The Association held its Annual General Assembly |
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On 22 April 2008, the Association held its Annual General Meeting. The meeting was chaired by Mr. Hulusi Taşkıran, the President of the Association. During the meeting, the 2007 General Assembly Report was approved and budgetary issues were examined. This was followed by a presentation by Mr. Erhan Tuncay, Secretary General of the Association, on the studies and activities conducted by the Association in 2007. |
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TAIEX Seminar was held on 8 February 2008 in Istanbul |
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TAIEX Seminar on “European Legislation on Reinsurance and Insurance Groups” prepared by Association in cooperation with TAIEX was held on 8 February 2008 in Istanbul One-day seminar on “European Legislation on Reinsurance and Insurance Groups” prepared by Association in cooperation with TAIEX (Technical Assistance and Information Exchange Unit of DG Enlargement) was held on 8 February 2008 at Best Western Eresin Taxim Hotel in Istanbul. During the one-day seminar, the European specialists have discussed and shared their opinions about Directive 2005/68/EC on reinsurance and Directive 1998/78/EC on supplementary supervision of insurance undertakings in an insurance group. The participants from insurance and reinsurance companies, public authorities and universities attended the seminar. Click for the seminar program... Click for presentations... |
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A Circular has been published on State Supported Agriculture Insurance |
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A Circular has been published on State Supported Agriculture Insurance. In accordance with the Circular, insurance companies shall not conclude insurance contracts for risks, regions and products outside the scope of the pool system established by Law. |
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A Circular on Actuarial Chain Ladder has been published by the Treasury |
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A Circular has been published by the Treasury on Actuarial Chain Ladder. The regulation on technical reserves of insurance and reinsurance and pension companies rules out that the amount allocated by insurance companies to outstanding claims reserve within the current account term can not be lower than the amount determined by the actuarial chain ladder method. The Circular on Actuarial Chain Ladder provides a framework for the implementation of the actuarial chain method. |
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The procedure on the long term group life insurance tariff for individual credit users has been abol |
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A Circular on the abolishment of the procedure on the long term group life insurance tariff for individual credit users has been published by the Treasury. All the applications regarding life insurance will be processed in accordance with the regulation on life insurance and other related circulars. |
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An announcement has been published regarding the technical procedures of life insurance tariff and s |
An announcement has been published by the Treasury regarding the technical procedures of life insurance tariff and share of profit.- Within the context of the technical procedures of life insurance tariff and share of profit under life insurance regulation some new measures will be applied such as the following:
- The share of expenses, mediation and management costs applied in tariff and share of profit shall be calculated on the basis of various ratios without exceeding maximum ratio.
- Group life insurance conracts will be harmonized with the new clauses of new regulation directly without any adminisrative process.
- The mortality tables as well as technical interest, share of expense and mediation costs will be organized in terms of multi or optional frequency rates.
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September 2007 Statistics of the Turkish Insurance Sector have been published |
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September 2007 Statistics of the Turkish Insurance Sector, gathered by the data sent by member companies have been published on the Association’s website. The total premium production reached 8 Billion YTL. with a growth of 13,77 %. |
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The Association supports health insurance programme to be broadcasted on TGRT News TV |
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At the board meeting of the Association held on 25 October 2007, the board members reached a decision to support a TV programme called “A Common Mind in Health” which will be a live broadcast on TGRT News TV between 22:00 – 22:30 starting on 26 November 2007. |
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The Association paid a study visit to the Dutch Association of Insurers (VVN) on 19 November 2007 |
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The Association attaches utmost importance to establishing a steady and functioning dialogue platform with other national associations in the Single European Insurance Market. Within this context, the Association paid a study visit to the Dutch Association of Insurers (VVN) on 19 November 2007. During the meeting, the Association was represented by Mr. Erhan Tunçay, Secretary General and Ms. Berna Ozsar Kumcu, EU Specialist. |
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The Association held a meeting on the implications of General Health Insurance on the insurance sect |
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On 13 November 2007, Mr. Birol Aydemir, Head of the Social Security Institution, has been invited to the Association and a meeting was held with the executives of the Association. A presentation was made on the working of the General Health Insurance system and the modifications to be made in the General Health Insurance Act. |
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The Association's application for a TAIEX project has been approved |
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The Association’s project proposal submitted to the Technical Assistance Information Exchange Unit (TAIEX) of the European Commission DG Enlargement for the alignment of the Turkish insurance sector with the EU insurance acquis has been approved by TAIEX on 6 November 2007. In its proposal, the Association had requested a workshop on insurance groups and reinsurance, two important issues mentioned by the European Commission in Turkey’s 2006 Progress Report as lagging behind in the harmonization process. The workshop is expected to take place on 8 February 2008 in Istanbul, Turkey. |
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Turkey 2007 Progress Report has been published |
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The Progress Report for Turkey prepared by the European Commission has been published on 6 November 2007. The report analyzed the Turkish insurance sector under Chapter 9: Financial Services. While in previous Regular Reports, the Turkish insurance sector was criticized for having limited alignment, the 2007 Regular Report indicated for the first time that “good progress” has been achieved in the area of insurance and occupational pensions. |
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