Insurance Supervision Board Ministry of Treasury and Finance

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Presentation transcript:

Insurance Supervision Board Ministry of Treasury and Finance Technological Innovations and Supervisory Perspective Insurance Supervision Board Ministry of Treasury and Finance 4 Oct, 2018 - Istanbul

Technological Innovations & Supervisory Perspective An overview: Supervision approach Technology & supervision activities Data confidentiality Consumer protection & competition 13.07.2018

An Overview on Supervision Approach Supervision goals : Policyholder confidence & trust in the Sector Protecting the benefit of policyholders Ensuring safety and soundness of insurers Supervision approach : Risk Based Supervision Off-site & on-site activities On-going basis Cost effectiveness 13.07.2018

Data collection system Insurance Monitoring System (IMS) Reliability of data E - signature Timeliness Real time data Confidentiality and safeguarding 13.07.2018

Fair market & competition Policy holder confidence and trust E-complaint system – entegrated to E-government Internal control systems of insurers Disclosure and transparency standards Insurance Core Principle 19 on Conduct of Business Regulatory practices 13.07.2018

Some remarks… Our direction is clear: Policyholder confidence Trust in the Sector Fair Competition 13.07.2018

Thank you ! 13.07.2018