Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

New minimum capital requirements for Turkish insurers and reinsurers

Tweet [1] [2]
Magazine Issue: 
Tomorrow’s reinsurance [3]
Magazine date: 
Dec 2021

capital minimum augmentationOn 30 November 2021, the Turkish supervisory authority (SEDDK) issued a circular defining the new minimum capital requirements for insurance and reinsurance companies.

Companies are now required to have the following minimum share capital:

  • 175.562 million TRY (12.82 million USD) instead of 120 million TRY (8.76 million USD) for non-life companies
  • 215.067 million TRY (15.7 million USD) instead of 147 million TRY (10.7 million USD) for life insurers
  • 124.358 million TRY (9.08 million USD) instead of 85 million TRY (6.2 million USD) for reinsurers

Read also | Insurance companies in Turkey [4]

Wed, 08/12/2021 - 16:34

Source URL: https://www.atlas-mag.net/en/article/new-minimum-capital-requirements-for-turkish-insurers-and-reinsurers

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-minimum-capital-requirements-for-turkish-insurers-and-reinsurers&text=New+minimum+capital+requirements+for+Turkish+insurers+and+reinsurers
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-minimum-capital-requirements-for-turkish-insurers-and-reinsurers&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-186-december-2021
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-turkey