A Look at the Agencies Regulation in Terms of Consumers, Employment and Education

At the panel titled "A Look at the Agencies Regulation in Terms of Consumers, Employment and Education," organized in cooperation with the Bahçeşehir University Vocational School (METGEM) and the Insurance Agencies Association (SAB), developments in the insurance sector following the Insurance Law No. 5684, which entered into force in 2007, will be discussed.

The draft Insurance Agencies Regulation prepared by the General Directorate of Insurance of the Undersecretariat of Treasury aims to increase trust in the sector, protect consumers' interests, increase employment and institutionalize the agency system by setting its rules. Following the enactment of the Insurance Law, the opening of insurance programs at two-year vocational schools and four-year undergraduate schools at universities increased rapidly. As a result of the rapidly increasing demand, around 2,000 students graduate every year throughout Türkiye, and with the implementation of the relevant regulations, a brand-new era has begun with 16,000 licensed, professionally trained, knowledgeable and aware agencies.

At this panel, to be held on 9 December 2010, Thursday, at Bahçeşehir Universityand chaired by Prof. Dr. İrini Dimitriyadis , Director General of Insurance at the Undersecretariat of Treasury Dr. Ahmet Genç, Chair of the Board of the Association of Insurance and Reinsurance Companies of Türkiye Hulusi Taşkıran, Director of the Insurance Training Center Assoc. Prof. Dr. Fuat Erdal and Chair of the Board of the Insurance Agencies Association Ayşe Kılıçwill share their assessments of the objectives targeted in terms of education and the sector by this regulation, which requires insurance agencies to employ technical staff at a certain level.