Sigorta ve Reasürans Brokerleri Derneği

What Sigorta ve Reasürans Brokerleri Derneği does

Sigorta ve Reasürans Brokerleri Derneği is a non-profit professional association (dernek) founded in 1991 in Istanbul that serves as the statutory representative and self-regulatory body for insurance and reinsurance brokers operating in Turkey. Under Article 21 of Insurance Law No. 5684, it has been authorized by the Insurance and Private Pension Regulatory and Supervisory Authority (SEDDK) to administer broker licensing examinations and approvals, making it the officially designated professional institution for this function in the Turkish market.

The association's membership comprises more than 150 insurance and reinsurance broker firms operating across life insurance, non-life insurance, and reinsurance categories, many of which maintain branches across Turkey. Its core operational offering is the SBBS (Sigorta Brokerleri Bilgi Sistemi) — a secure online portal at sbbs.sbd.org.tr through which licensed brokers manage registration, license tracking, and regulatory submissions. Complementary outputs include codified working principles ("Brokerler Çalışma İlkeleri"), the annual Türkiye Sigorta Aracıları Değerlendirme Raporu, the 2023 Sector Research Report, KVKK personal data protection training, and a structured committee system (Legislation, External Relations and Reinsurance, Training, Communication, Remote Sales and Digital Insurance, Women Brokers, Financial Affairs).

The association operates an asset-light, dues-funded model: revenue is sourced from membership fees set at annual general assemblies, with no commercial product sales. It is governed by a Board chaired by Ferhan Özay (President) and supported by a General Coordinator (Basri Batıkarayel), a Director (Nermin Borucu), and ~10 staff. Its strategic posture is regulatory stewardship, member advocacy, knowledge transfer from international markets, and dispute facilitation between brokers, insurers, and insureds — not commercial scale-up.

Name

Sigorta ve Reasürans Brokerleri Derneği

Legal name

Sigorta ve Reasürans Brokerleri Derneği

Website

https://sbd.org.tr

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Sigorta ve Reasürans Brokerleri Derneği is a Turkish non-profit professional association representing more than 150 insurance and reinsurance brokers, authorized by SEDDK under Insurance Law No. 5684 to administer broker licensing and funded by membership dues.

Ownership category

akta.pro rank

Product category

Insurance Industry Professional Association

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

Services-Membership Organizations (8600), Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAE

Reinsurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAOAHAA

Treaty Reinsurance Brokerage

Financial & Insurance/Reinsurance/Reinsurance Brokerage & Intermediation

Keywords

• Insurance brokerage association
• Professional association services
• Broker licensing regulation
• Industry self-regulation
• Reinsurance broker representation

Headquarters

HQ city

Istanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Distribution channels1 record

Marketing channels4 records

Core offering

Sigorta ve Reasürans Brokerleri Derneği is a Turkish professional association (dernek) that represents and self-regulates over 150 member insurance and reinsurance brokers operating in Turkey. It is statutorily authorized by SEDDK under Article 21 of Insurance Law No. 5684 to conduct broker licensing examinations and approvals, issue industry guidance, facilitate relationships between brokers and insurance companies, resolve disputes, and transfer international insurance market expertise to Turkish member firms. Its deliverables include the SBBS broker information management portal, annual industry evaluation reports, KVKK training, and committee-based working groups covering legislation, training, and digital insurance.

Product overview

Sigorta ve Reasürans Brokerleri Derneği is a professional association for insurance and reinsurance brokers in Turkey, not a software product company. Its primary offerings include the SBBS (Sigorta Brokerleri Bilgi Sistemi) broker information management system for license tracking and regulatory compliance, along with industry publications including the annual Turkey Insurance Intermediaries Evaluation Report and 2023 Sector Research Report, and KVKK personal data protection training materials. The association operates under authorization from SEDDK to manage broker licensing processes and maintains a network of member broker firms across Turkey.

Differentiator

Problem solved

Functional benefit

Products and services

• SBBS (Sigorta Brokerleri Bilgi Sistemi) A broker information management system operated by the association under authorization from the Insurance and Private Pension Regulatory and Supervisory Authority (SEDDK), providing licensed member brokers with secure login access for registration, license tracking, financial data submission, and regulatory compliance management.
• Türkiye Sigorta Aracıları Değerlendirme Raporu (Turkey Insurance Intermediaries Evaluation Report) An annual industry evaluation report published by the association providing analysis and assessment of insurance intermediaries operating in Turkey, available to members and the wider industry.
• 2023 Türkiye Sigorta Aracıları Sektör Araştırma Raporu (Turkey Insurance Intermediaries Sector Research Report)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Insurance and Private Pension Regulatory and Supervisory Authority (SEDDK)coreOthersUnder Article 21 of Insurance Law No.5684, the association has been officially authorized by SEDDK to carry out duties related to broker licensing examinations and approvals. The association also publishes SEDDK circulars and regulatory updates for its member brokers.
• Insurance Companies in TurkeycoreOthersThe association facilitates relationships between member insurance and reinsurance brokers and insurance companies, acting as an intermediary to ensure smooth market operations and dispute resolution where possible.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Verband Deutscher Versicherungsmakler (VDVM): German association of insurance brokers. Comparable as a continental European broker trade body providing professional standards, advocacy, and member services in a regulated market.
• Insurance Brokers Association of India (IBAI): Indian national association of insurance brokers. Comparable as a regional broker trade body providing industry representation in a developing insurance market with regulatory dialogue.
• Canadian Insurance Brokers Association (CIBA): Canadian association of insurance brokers. Comparable as a national broker advocacy body operating under provincial regulatory oversight, similar in structure to the Turkish association's role under SEDDK.
• National Insurance Brokers Association of Australia (NIBA): Australian peak body for insurance brokers. Comparable as a national broker association focused on professional standards, advocacy, and member services in a different geography.

Broad incumbents

• Lockton Companies: World's largest independent insurance brokerage. Comparable as a potential member broker of the association and as a major player in the same Turkish commercial brokerage market.
• WTW (Willis Towers Watson): Global advisory and brokerage firm with significant reinsurance brokerage activity. Comparable as a major reinsurance broker whose Turkish activities intersect with the association's remit.
• Marsh McLennan: Global insurance brokerage and risk advisory firm. Comparable as a member-category broker the association represents, with overlapping prominence in Turkish and reinsurance markets.
• Aon plc: Global insurance and reinsurance brokerage firm. Comparable in that the association's members include Aon and similar firms, and Aon operates the same core activity (insurance/reinsurance broking) the association regulates.

Direct peers

• Council of Insurance Agents & Brokers (CIAB): The US trade association for commercial insurance brokers and agents. Directly comparable as a national industry body representing insurance intermediaries, providing advocacy, research, and member services in a regulated market.
• British Insurance Brokers' Association (BIBA): The UK trade association for insurance brokers. Closely comparable in mission: representing brokers, setting standards, providing training, and engaging regulators on behalf of intermediary members.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=Ew0NgROFZiQ
• LinkedInlinkedin.com/company/sbdturkiye

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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