On December 31, 2024, a regulation amendment published in the Official Gazette updated the capital adequacy criteria for insurance and reinsurance companies. The new regulations clarify the preventative measures that companies must take based on their capital ratios. It delineates a process involving three key stages: “Preventive Measures,” “Emergency Measures,” and “Intervention,” aimed at addressing capital shortfalls.
These changes are designed to enhance the financial sustainability of the sector. More comprehensive information regarding this significant regulatory adjustment is available on our website.
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