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

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

3. 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

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

5. 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

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

7. Thank you !