MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 37 Activities and Major Developments Related to Activities Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Miltaş Sports Complex Miltaş Sports Complex has been serving the insurance market since 1986 with its facilities in various sports, particularly tennis and basketball. In addition to tennis and basketball courses organised every year for various age groups; private tennis lessons are available in the Complex. The Complex has been hosting the International Insurance Tennis Tournament, which is organised every year in June since 1986, and provides a unique environment that brings together professionals of the local market with international reinsurers and brokers. The Turkish Insurance Institute Foundation (TSEV) The Turkish Insurance Institute Foundation (TSEV) was established jointly by Milli Re and the Insurance Association of Turkey in 1970 and continues its training and consulting services for the insurance industry for the last 49 year. TSEV organises training programs on insurance techniques and law as well as administrative issues for the insurance sector and for insured companies, institutions and organisations. In addition to its training activities, the Foundation also visits universities, the chambers of industry and commerce in order to increase the insurance awareness and develop the insurance sector in Turkey. For the purpose of making insurance part of lives of society, TSEV also undertakes some projects on social media. The “Basic Insurance Training Program”, organised since the establishment of the Foundation has the distinction of being one of the most comprehensive training programs in the field of insurance. A total of 3,000 participants have graduated from the program to date. As a follow-up course to this, TSEV also offers “Advanced Insurance Training Programs” which are the only project and practice-oriented training programs in the market. Besides TSEV regularly provides short-term training programs in accordance with the current market needs, introductory courses for new employees joining the insurance industry and to insurance departments of corporates as well as actuarial training programs. In 2019, a total of 2,833 hours of training was offered at TSEV. Based on specific requests of companies, TSEV gives other services such as consultancy, promotional and corporate exams and placement tests for new graduates as well as for the staff, already employed within the industry to test their insurance knowledge.