Finance
Insurance Agency and Brokerage
Insurance intermediation under SEDDK legislation and TOBB registry enrolment.
- Regulator
- Insurance and Private Pension Regulation and Supervision Agency
- Required company form
- Joint stock or limited company
- Sector
- Finance
- Licensing time
- 2–4 months
Insurance agency is the activity of issuing contracts on behalf of insurance companies and requires enrolment in the registry held at TOBB. Brokerage, by contrast, acts on behalf of the insured and requires a separate licence from the Insurance and Private Pension Regulation and Supervision Agency. Both activities require technical staff competence, minimum capital and professional indemnity insurance.
Requirements
- The articles of association stating insurance intermediation as the exclusive business purpose
- The manager or technical staff meeting the education and experience conditions in the legislation
- Meeting minimum capital and asset conditions
- Professional indemnity insurance
- Enrolment in the TOBB registry (agency) or a SEDDK licence (brokerage)
Let's start with a conversation
In a free 30-minute call, let's clarify which company structure and which incentives fit you. Non-binding, but useful.