Compulsory Earthquake Insurance Explained

Earthquake insurance for earthquakes in Turkey is compulsory[1] [2] [3] for residential buildings in urban areas. However it is often not enforced.

The Turkish Catastrophe Insurance Pool was created shortly after the 1999 İzmit earthquake[4] [5] and is making payments for the 2023 Turkey–Syria earthquake.[6]

Notes and References

  1. Web site: DASK Natural Disaster Insurance Institution Home Page . 2023-02-15 . dask.gov.tr.
  2. Web site: How Earthquake Insurance Works in Turkey . 2023-02-15 . WSJ . en.
  3. Web site:
  4. Book: Gurenko . Eugene . Lester . Rodney . Mahul . Olivier . Gonulal . Serap Oguz . 2006 . Earthquake Insurance in Turkey : History of the Turkish Catastrophe Insurance Pool . en-US . Washington, DC. 10.1596/978-0-8213-6583-0 . 978-0-8213-6583-0 .
  5. Web site: 2023-02-09 . Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch . 2023-02-15 . Insurance Journal . en-US.
  6. Web site: 2023-02-14 . TCIP made claims payments within 24 hours of quake, notified reinsurers: Türk Reasürans CEO - Reinsurance News . 2023-02-15 . ReinsuranceNe.ws . en.

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