Insurance and Private Pension Regulation and Supervision Agency of Türkiye publishes updated 2025 capital requirements for brokers including TRY 3.213m minimum and revised loss adjuster fee tariffs

The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has decided to publish on its website updated (and future updated) capital amounts for insurance and reinsurance brokers and insurance agents, alongside updated minimum fee tariffs for insurance loss adjusters. The update sets revised broker capital thresholds applicable from 1 January 2025 and confirms revised base loss adjuster fees effective from 1 July 2025. Broker capital requirements were updated under Article 22 of the Insurance and Reinsurance Brokers Regulation in line with the Turkish Statistical Institute’s annual domestic producer price index increase of 28.52%, setting minimum paid-in capital at TRY 3,213,000, plus additional capital of TRY 642,600 for each life or non-life licence application, TRY 1,285,200 for a reinsurance licence application, and TRY 321,300 for each non-head office unit. For insurance agencies, an amendment regulation published in the Official Gazette on 22 January 2025 did not include a 2025 update to capital amounts. The base loss adjuster fee tariff was updated under Article 12 of the Insurance Loss Adjusters Appointment Regulation using the first-half 2025 consumer price index change rate, and the tariff effective from 1 July 2025 was published on the agency’s website on 24 July 2025. The board decision also provides that subsequent updates to these capital amounts and fee tariffs will be published on the agency’s website.