The number of compulsory earthquake insurance policies in Turkey generally increased throughout the observed period. The number of policies went up from 2.43 million in 2001 to almost 11.7 million in 2023. Compulsory earthquake insurance in Turkey was introduced in 2000 following the major earthquakes that occurred in 1999 in the country. Compulsory earthquake insurance (DASK) covers material and financial damages to the insured buildings caused by an earthquake, fire, explosion, tsunami, and landslide that may occur during or after an earthquake.
Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023
(in millions)
Earthquake insurance in Turkey is compulsory for residential buildings in urban areas. It is not enforced by the state, however services such as electricity, water and natural gas are not provided to houses that do not have a TCIP policy.
Compulsory earthquake insurance in Turkey covers the material losses which are directly caused by an earthquake and any fire, explosions, tsunami or landslides which occur as a result of an earthquake within the limits specified in your policy.
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Turkish Catastrophe Insurance Pool. (February 13, 2024). Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023 (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/
Turkish Catastrophe Insurance Pool. "Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023 (in millions)." Chart. February 13, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/
Turkish Catastrophe Insurance Pool. (2024). Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/
Turkish Catastrophe Insurance Pool. "Number of Compulsory Earthquake Insurance Policies in Turkey from 2001 to 2023 (in Millions)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/
Turkish Catastrophe Insurance Pool, Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023 (in millions) Statista, https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/ (last visited November 21, 2024)
Number of compulsory earthquake insurance policies in Turkey from 2001 to 2023 (in millions) [Graph], Turkish Catastrophe Insurance Pool, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1401626/turkey-number-of-earthquake-insurance-policies/
