Introduction to the April 2020 Edition of International Insurance Law and Regulation
International Insurance Law and Regulation is a comprehensive collection of commentary from internationally recognized practitioners who are experts in their jurisdictions. These specialists discuss the law and regulation of insurance in their region, creating a country-by-country guide on doing business in his highly structured and regulated industry.
The April 2020 edition contains the following updated or revised chapters:
Chapter 14, Croatia
Chapter 23, Ireland
Chapter 27, Japan
Chapter 31, Luxembourg
Chapter 34, Myanmar
Chapter 35A, Nigeria
Chapter 39, The Philippines
Chapter 44, South Africa
Chapter 45, South Korea
Chapter 50, Turkey
Chapter 53, Vietnam
Each of these chapters has been written and updated by attorneys from these countries who are experts on their subject matter.
Please see below highlights from the Turkey chapter:
The New Economic Program, which concerns projections for 2019-2021, strives for ‘‘economic balancing’’ and ‘‘healthy and sustainable growth’’; and the Ministry of Treasury and Finance concordantly created Türk Reasürans Anonim S¸ irketi ("Turk Re") on 6 September 2019 as a lifeline for the Turkish reinsurance market. The Insurance and Private Pension Regulation and Supervision Agency was established as an autonomous authority on 18 October 2019 to act as the new insurance regulatory agency after the Under secretariat of Treasury. The new Judicial Reform Strategy was announced on 30 May 2019, and the admission, appointment, and conduct of arbitrators and experts under the Insurance Arbitration Commission has been regulated.
First published by Thomson Reuters (West), in 20.05.2020