Amendments To Insurance Arbitration In Turkey

Amendments have been made in Turkey to the principles for determining the necessary experience for insurance arbitrators, as well as introducing new requirements for the insurance arbitration system. The Regulation Amending the Regulation on Insurance Arbitration ("Amendment Regulation") was published in Official Gazette number 29598 on 19 January 2016, entering into effect on the same date.

Significant changes introduced by the Amendment Regulation include:

• Experience required for insurance arbitrators will be evaluated on a case-by-case basis.
• Whether an applicant holds at least five years' experience in insurance law or at least ten years' in insurance will be evaluated by taking into consideration the quality and quantity of the applicant's work during such periods.