Whilst the banking and financial services markets in Turkey are well-developed, an abundance of opportunities have been seen in recent years in the Insurance sector, including for foreign investors, due to a relatively low market penetration. Consolidation in the insurance sector is expected and the variety of insurance products and solutions being offered in Turkey is likely to increase as companies adapt to and face the challenges proposed by disruptive technologies.
We offer one of the few top-tier insurance practices in Turkey which has advised on matters ranging from natural catastrophe bonds; to complex bancassurance arrangements; to large M&A transactions; to policy and claims matters; to transactional warranty & indemnity insurance.
Akol advises brokers, insurers, businesses, and finance institutions (including banks, fintech companies and private equity and venture capital funds) in the “non-life”, “life” and “compulsory” insurance segments as well as credit insurance. Our lawyers work in integrated teams advising on a range of insurance and reinsurance matters, including:
- Asset management
- Agency and distribution agreements
- Capital markets and derivative
- Claims and litigation
- Outsourcing and data protection
- Policy and product structuring
- Public and private M&As in the insurance sector
- Regulatory (including licenses and investigations)
- Warranty & indemnity insurance
Our insurance team strives to understand the business of insurance as well as insurance sector legal issues.