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Millî Reasürans T.A.S. accepts since
1970 a certain share from all kinds of reinsurance contracts
of the insurance companies in Turkey due to various
decrees issued in relation with the Decree No.17 in
respect of the Protection of Turkish Currency's Value
and pools this business under a separate account which
is protected in accordance with the underwriting technics,
retroceding the same to the insurance companies willing
to accept any share to be retained in their net accounts.
Thus, avoiding the outflow of premium from the country,
it is kept as an additional retention under the scope
of "Decree Pool". The premium of the Pool
since inception reached US Dollars 594.5 million at
the end of 2004.
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