Turkey
Doğal Afet Sigortaları Kurumu'nun (DASK)
Turkish Catastrophe Insurance Pool (TCIP)
Turkey Description
Turkish Catastrophe Insurance Pool (TCIP) was established following Marmara Earthquakes in 1999. The pool has the aim of establishing long-term reserves in financing future earthquake losses and alleviating the financial burden of earthquakes on the government budget. It provides a reliable method for compensation to homeowners in Turkiye while social solidarity and risk sharing are effectively maintained through payments of affordable insurance premiums.
TCIP is an “insurance pool” in the status of a public legal and privately funded entity. Its funding has been primarily depended on premium contributions made by homeowners. Having a unique organizational structure formed in cooperation of public and private sectors, TCIP is a non-profit organization.
Turkey News and Events
News and Events
16 January 2024
According to global reinsurer Munich Re, the series of earthquakes in southeast Turkey and Syria in February was the last year’s most destructive natural disaster.
21 December 2023
President Recep Tayyip Erdoğan is expected to unveil a much-anticipated roadmap to rapidly transform Türkiye’s largest metropolis, Istanbul, to prepare it for earthquakes, Environment, Urbanization and Climate Change Minister Mehmet Özhaseki said Thursday.