The value of premiums generated by the compulsory earthquake insurance in Turkey steadily increased over the shown period. The value of premiums totaled about 54.5 million Turkish lira in 2001 compared to over 4.7 billion Turkish lira generated 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.
Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023
(in million Turkish lira)
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). Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023 (in million Turkish lira) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/
Turkish Catastrophe Insurance Pool. "Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023 (in million Turkish lira)." Chart. February 13, 2024. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/
Turkish Catastrophe Insurance Pool. (2024). Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023 (in million Turkish lira). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/
Turkish Catastrophe Insurance Pool. "Value of Premiums Generated by The Compulsory Earthquake Insurance in Turkey from 2001 to 2023 (in Million Turkish Lira)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/
Turkish Catastrophe Insurance Pool, Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023 (in million Turkish lira) Statista, https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/ (last visited November 12, 2024)
Value of premiums generated by the compulsory earthquake insurance in Turkey from 2001 to 2023 (in million Turkish lira) [Graph], Turkish Catastrophe Insurance Pool, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1401655/turkey-earthquake-insurance-premiums/
