MILLIRE 2021 ANNUAL REPORT

ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES 8 MİLLİ RE ANNUAL REPORT 2021 MILESTONES Milli Re was founded by İşbank with a capital of TL 1,000,000 to operate the compulsory reinsurance system. The management of “Turkish Reinsurance Pool”, established to write international business, was handed over to Milli Re in accordance with the agreement signed with Turkish insurance companies.. The management of “RCD Reinsurance Pool”, established under the agreement of “Cooperation for Regional Development” between Turkey, Iran and Pakistan, was handed over to Milli Re. The management of the system known as “Decree Pool”, established according to Decree no. 17 set out by the Ministry of Finance on the Protection of the Value of Turkish Currency was handed over to Milli Re. “Türk Sigorta Enstitüsü Vakfı” (Turkish Insurance Institute Foundation) was established by Milli Re and the Association of the Insurance and Reinsurance Companies of Turkey. The management of “FAIR Reinsurance Pool” established by the Federation of Afro-Asian Insurers & Reinsurers (FAIR) was handed over to Milli Re. Milli Re Chamber Orchestra was established. The orchestra is made up of artists, most of whom also continue their solo music careers, and the orchestra performs with the participation of renowned local and international artists and conductors. Turkish Catastrophe Insurance Pool (TCIP), which was set up relevant the “Compulsory Earthquake Insurance” system established by the Undersecretariat of Turkish Treasury became operational under the management of Milli Re. Risk-based Compulsory Reinsurance System came to an end. Milli Re became the only active local reinsurance company in the Turkish market after the acquisition of Destek Reasürans T.A.Ş. Milli Re began to write business from international markets. Decree Pool was terminated. 1929 1996 1963 2000 1967 2001 1970 2005 1974 2006