On January 22, 2025, the Turkish Insurance and Private Pension Regulation and Supervision Authority (SEDDK) released a regulation titled “Amendments to the Regulation on Insurance Agencies.” This new framework introduces several significant changes aimed at enhancing the operational landscape for insurance agencies in Turkey.

Key updates include:

– An increase in the required capital for establishing agencies and branches.
– Mandatory re-examinations and renewals of qualifications for technical personnel every five years.
– Enhanced procedures for information transfer and associated penalties within business processes.
– Stricter penalties imposed by SEDDK on agencies that experience financial deterioration or violate regulations.

This regulatory update is intended to strengthen oversight and ensure compliance within the insurance sector.

For further details, view the complete regulation at the following link:
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