Practice Areas


The Undersecretariat of the Treasury (UT) is the main regulatory body in Turkey with respect to state supervision on insurance and reinsurance activities. The UT supervises the insurance and reinsurance companies through two agencies: the Insurance Supervisory Board (ISB) and the General Directorate of Insurance (GD). Insurance Law No. 5684 (Insurance Law) and the Law Concerning the Organisation and Duties of the Undersecretariat of the Treasury No. 4059 set out the organisation and duties of the ISB and the GD. The ISB, according to article 28 of the Insurance Law, is the main regulatory agency responsible for regulating insurance and reinsurance companies in Turkey. The ISB is responsible for the supervision of all insurance operations in accordance with their special laws, insurance and reinsurance intermediaries, loss-adjusting activities, actuaries and other persons operating in the insurance sector.

In parallel with the rapid growth in the Turkish insurance sector, there have been major changes to the Turkish insurance legislation in the last few years. The Insurance Supervision Law which regulated insurance activities for 47 years has been replaced with Insurance Law No. 5684 (the Insurance Law) in 3 June 2007. In addition to the Insurance Law, there are specific pieces of legislation regulating the activities of individual professions in insurance industry (e.g. brokers, loss adjusters, etc.) and different types of insurance (e.g. life insurance, reinsurance, etc.).
  • Advice on Major Transactions
  • Due Diligence
  • Insurance Companies, Reinsurers and Policyholders on Medical and Non-Medical Subjects
  • Advising Pension Companies on Private Pension Legislation
  • Providing Regulatory Advices and Representation Before the Regulators to Insurers, Reinsurers and Policyholders
  • Expertise in Policy Drafting and Review
  • Bancassurance Know-How
Other Practice Areas

Gürcan Law offers a full array of services that encompass all aspects of the legal practice. It is the firm’s goal to provide the highest quality legal service, tailored to the particular situation. We responsibly handle every case in an effective and efficient way, always considering the nature and complexity of each individual matter. The firm’s diverse practice provides the capable team of attorneys with the flexibility and resources to address any assigned legal issue.

Restructuring Non-Performing Loans (NPL)

Mergers and Acqusitions, Due Diligence, Anti-trust Competition Law, Capital Increases and Reductions...

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Corporate, M&A

Mergers and Acqusitions, Due Diligence, Anti-trust Competition Law, Capital Increases and Reductions...

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Banking and Finance

Administrative & Regulatory Aspects, Leasing, Factoring & Privtization, Finance

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Commercial Agreements

Share Purchase Agreements, Shareholder's Agreements, Joint Venture Agreements...

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Real Estate

Due Diligence on Target Properties, Title Deed Registration, Construction Agreements...

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Forming of Regulated Companies, Advising on Regulatory Aspects, Drafting Contracts on Sales...

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Intellectual Property

Trademarks and Design Rights, Patents, Copyrights, Passing off and Misuse of Trade Secrets...

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Employment and Labour Law

Labour Law Governance, Due Diligence on Corporate's HR Policies and Processes...

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Arbitration and Litigation

Representation of the Creditors, Debtors and Trustees in Execution and Bankruptcy Proceedings...

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Nispetiye Caddesi No: 24/17
34340 Beşiktaş,Istanbul/Turkiye


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