Treasury with its service units such as General Directorate of Insurance and Insurance Inspection Board is the primary state authority which regulates and supervises the insurance sector. Duties and powers of the Treasury can be summarized as follows:

  • to carry out the duties prescribed by the relevant insurance legislation;
  • to draft, implement, and monitor and guide the implementation of insurance legislation by the insurance sector;
  • to conduct the work of harmonizing such legislation with the European Union;
  • to take measures for the development of the Turkish insurance sector and for the protection of the insured.