"Regulation on Collection, Storage and Sharing of
Insurance Data" ("Regulation")
which is prepared by the Insurance and Private Pension Regulation
and Supervision Authority ("Authority")
within the scope of the Insurance Law No. 5684
("Law") was published in the Official
Gazette on October 18, 2022 and entered into force in the same day.
The Regulation determines the scope, form, procedures, and
principles regarding the processing, sharing, and transfer of
insurance data
Insurance Data
The Regulation basically defines insurance data and regulates
the principles regarding the processing and sharing of insurance
data.
According to the Regulation, insurance data is
all data that is the basis for risk assessment, including data on
insurance contracts, the insured party to the insurance contract
and insurance companies, the insured, beneficiaries and other third
parties who directly or indirectly benefit from the insurance
contract, and incorrect insurance
