MILLIRE ENG2024

The Company’s external service procurements are carried out in a transparent manner, taking into account business necessities, information technology requirements and in compliance with legal regulations within which the authorities and responsibilities of all relevant parties are clearly determined. External services were procured for maintenance support services of softwares and databases predominantly used in reinsurance, claims, accounting, human resources and correspondence processes. The external services procured by internal systems are within the scope of the followings; • In the field of actuarial; support service received for calculation of insurance technical provisions, pricing, setting an economic capital model and capital adequacy calculations and • Registered actuarial service. External Service Procurement The Annual Reports of the Parent Company in the Group of Companies a- The Parent Company Milli Re holds shares representing 57.31% of the capital of Anadolu Anonim Türk Sigorta Şirketi directly, and 1% and 12.46% of the capital of Anadolu Hayat ve Emeklilik A.Ş. directly and indirectly, respectively. b- Enterprises that belong to the Group do not have a share in the capital of the Parent Company Milli Re. c- The Company’s Consolidated and Unconsolidated Internal Audit and Risk Management Policies are formulated within the frame of the relevant consolidated policies of the group of companies to which the Company is affiliated and covers the Company’s subsidiaries subject to consolidation on a line-by-line basis. These are based on the operating principles of Türkiye İş Bankası A.Ş. 90 MİLLİ RE