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ARTICLE · 20 DECEMBER 2024

Insurance Law In Turkey

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Insurance Law in Turkey has been a complex legal area over the years. Fundamental principles and benchmarks should be observed, understood and absorbed.

TurkeyInsurance
Pi Legal Consultancy
Pi Legal Consultancy
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Insurance Law in Turkey has been a complex legal area over the years. Fundamental principles and benchmarks should be observed, understood and absorbed.

Overview: What is insurance under insurance law in Turkey

Insurance refers to a type of agreement between an insurance company as insurer and an individual as insured. Insurance law in Turkey operates within a well-established legal framework aimed at regulating the industry, protecting rights of individuals, and fostering a stable insurance market. Under an insurance agreement, legal protection is offered to cover a wide variety of costs. The coverage completely depends on the type of insurance. Insurance is a contractual arrangement between an insurer and an insured, where the insurer undertakes to provide financial or legal protection against specified risks in exchange for a premium paid by the insured. Coverage varies depending on the type of insurance policy.

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