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The insurance will be managed with a new presidency and other financial institutions. According to the information received, the Directorate General of Insurance, the institution that manages the insurance related to the Treasury, will be under this roof after the merger of the Capital Markets Council (CMB) and the Agency. Banking Regulation and Supervision (BRSA). The name of the new institution will be the Banking and Insurance Regulation and Supervision Council, BSDDK. Insurers look positively at the new structure because the decisions that must be made must be made in one hand and act quickly. However, insurers prefer to have a top board where the best solution depends only on insurance. The new structure is better described as
It is noted that foreign investors are particularly ill at ease with fragmented structures and may look positively at new arrangements. The new structure will look more like the Financial Services Authority in the UK.
ALL FINANCIAL CORPORATIONS CONCERNED
How does the system work in the United Kingdom? There is a giant regulator in the UK, where institutions such as the Capital Markets Board, the BRSA, the Insurance Supervisory Board are affiliated with the Treasury, as well as authorities such as money markets, capital markets, banks financial markets. The Prudential Regulation Authority, created on April 1, 2013, was created under the Financial Conduct Authority and the Bank of England.
PACKAGE PROTECTED BY SMES
Nowadays, cyber is much more than a matter of threats, business, fraud or theft, since the CFA develops regulations on standards activities to do more in the market. The cyber-attackers are much more organized and focused on shutting down business services, destroying their data, as well as seizure of ransom systems. For this reason, the difficulties arising from such risks become much more complex day by day. Anadolu Sigorta offered the full set of assurance of commercial security packages in Siberia as a special solution for commercial enterprises and SMEs after the "individual fiber safety policy" with which we live since a year. Levent Sönmez, deputy general manager of Anadolu Sigorta, said: "Cyber insurance is a very fast growing area with more commercial products in the world.We collect the standard commercial security package insurance from Siberia with commercial enterprises and SMEs. "
5 MONTHLY PRODUCTION: TL 24 MILLION
In the insurance sector, premium production increased by 20.4% over the same period of the previous year and TL 23.7 billion in the first 5 months of the year. Turkey Insurance (BST) has announced its premium production data for the first five months of the year. At the end of May 2018, the sector's total premium generation amounted to LTL 23,725.4 million, an increase of 20.4% over the same period of the previous year. According to the TSB data, real growth after the elimination of inflation was 7.3% in the first five months of the year. Out of the production of 23.7 billion TL 20 billion 473 million TL of life., Which will grow with new contributions to the private pension system July
MORE THAN 4.5 MILLION BESA EMPLOYEES ENTRY
Turkey Insurance Association (BST) (BES) in the statement. Stressing the obligations of the employer and the benefits of the system to explain that workplaces with between 10 and 49 employees are included in the application for automatic participation in the individual pension system. Workplaces with 10 to 49 employees starting in July will also include the automatic participation and individual pension system. According to data from the Pension Monitoring Center (EGM) of June 6, 2018, Auto-Participation will automatically earn approximately 4.5 million employees to 231,000 jobs with BES. BES, which reached 7 million participants between 2003 and 2017, increased the number of participants to 11 million through automatic participation over the last 1.5 years. Turkey Insurance, said in a statement "to include in the application when determining workplaces, to look at the number of all employees in the workplace," he says.
WOMEN'S FUND WITHOUT INTEREST
In practice, the selection of interest-free and interest-free funds is offered to employees at the same time and on equal terms. Until now, 63% of the total TL 2.9 billion of savings of 4 million employees (1.8 billion TL) came from the preference of interest-free funds while the 37% remaining (TL 1.1 billion) were generated by the accumulation of employees.
From January 1, 2017 to date, approximately 75,000 businesses have joined the practice. 4 million employees in the system have accumulated 2.9 billion TL in total. The TSB noted that "automatic participation" is very important to contribute to savings. The system has 11 million participants in total. Will start new July phases as well as 4.5 million workers will start saving through this app, "he says.
BEFORE THE COMPANY SELECT
Turkey Insurance Association (BST) in a statement on the subject, according to the automatic membership schedule to be included in the system It was recalled that it was important to fulfill the legal obligations of the required workplaces, otherwise they would be subject to criminal sanctions. All workplaces and employers that should be included in the system should be informed of the employees concerned by agreeing with a retirement company.
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