The Convergence of EU Insurance and Turkey's Harmonisation Requirement

People desire to take safety measures in order to protect themselves from the economic consequences of events that cause life and cost, under certain circumstances. The Solvency II offers better instruments to the insurance companies against risks by preventing losses that occur due to the fluctuations of market prices assets and decline in equity capital, thus the effects on the losses of insurance companies. The association of the Turkish insurance companies organizes various activities in order to raise awareness of the related parties' to insurance in the society, especially the insurance company's employees, in the integration process of the insurance sector to the EU Single Insurance Market. This study examines the integration capacity of the Turkish insurance companies that are in a process of structural change to adopt the regulations and dynamics of the EU insurance market and provide the product coming out of the analysis to the benefit of the related parties.