Abstract
This study comparatively analyzes the EU insurance system and the Turkish insurance sector in light of the Solvency II regulation. Topics such as the foundation, certification, restructuring, supervision, and disclosure of insurance companies are also evaluated to determine the Turkish insurance industry’s capacity to integrate with that of the EU. Regulations aim to constitute a risk-based capital adequacy model by establishing a relationship between the risks of insurance companies and their financial resources. This requires the adjustment and application of the companies’ risk management rules and principles. An example of the standard method is presented to show the capital adequacy ratios of Turkish insurance companies from the perspective of harmonization with the EU single insurance market.
Keywords
insurance regulation, EU insurance market integration, solvency requirement, risk-based capital, insurance harmonization
Chinese Abstract
欧盟对土耳其保险业的协调要求：从土耳其的正式会员角度而言
本研究根据偿付能力监管II对欧盟保险制度和土耳其保险部门进行了比较分析。文中讨论了保险公司的基础、认证、重组、监督和披露等议题，以确定土耳其保险业具备与欧盟保险业整合的能力。通过建立保险公司风险与其财务资源之间的关系，法规旨在构建基于风险的资本充足率模型，这需要对公司的风险管理规则和原则进行调整并加以应用。从统一欧盟单一保险市场的角度而言，本文通过一个案例分析显示了计算土耳其保险公司资本充足率的标准方法。
关键词：保险监管，欧盟保险市场一体化，偿付能力要求，风险资本，保险协调
DOI
10.5038/2640-6489.2.1.1018
Recommended Citation
Berk, C., & Berk, N. (2017). The EU’s harmonization requirement for the Turkish insurance industry: From the perspective of Turkey’s full membership. International Interdisciplinary Business-Economics Advancement Journal, 2(1), 42-53. https://www.doi.org/10.5038/2640-6489.2.1.1018
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