Finance:Compulsory Earthquake Insurance
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Short description: Compulsory Earthquake Insurance in Turkey
Earthquake insurance for earthquakes in Turkey is compulsory[1][2][3] for residential buildings in urban areas.[4] However it is often not enforced.[4]
The Turkish Catastrophe Insurance Pool was created shortly after the 1999 İzmit earthquake[5][4] and is making payments for the 2023 Turkey–Syria earthquake.[6]
References
- ↑ "DASK | Natural Disaster Insurance Institution | Home Page". https://dask.gov.tr/en/.
- ↑ "How Earthquake Insurance Works in Turkey" (in en). https://www.wsj.com/livecoverage/turkey-syria-earthquake/card/how-earthquake-insurance-works-in-turkey-uiVbZYb5M8qZfh8Nr4JZ.
- ↑ "Error: no
|title=specified when using {{Cite web}}". https://www.tcip.gov.tr. - ↑ 4.0 4.1 4.2 "Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch" (in en-US). 2023-02-09. https://www.insurancejournal.com/news/international/2023/02/09/707004.htm.
- ↑ Gurenko, Eugene; Lester, Rodney; Mahul, Olivier; Gonulal, Serap Oguz (2006) (in en-US). Earthquake Insurance in Turkey : History of the Turkish Catastrophe Insurance Pool. Washington, DC. doi:10.1596/978-0-8213-6583-0. ISBN 978-0-8213-6583-0. https://openknowledge.worldbank.org/handle/10986/7142.
- ↑ "TCIP made claims payments within 24 hours of quake, notified reinsurers: Türk Reasürans CEO - Reinsurance News" (in en). 2023-02-14. https://www.reinsurancene.ws/tcip-made-claims-payments-within-24-hours-of-quake-notified-reinsurers-turk-reasurans-ceo/.
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