17 August 2023

The nation marked the 24th anniversary of the catastrophic Aug. 17, 1999 earthquake, with a poignant reminder of the enduring threat of seismic events looming over ceremonies held across the country. The 7.4 magnitude earthquake, which struck the northwestern province of Kocaeli, resulted in the loss of thousands of lives and stands as a somber testament to the vulnerability of this earthquake-prone region.

6 April 2023

The Turkish Catastrophe Insurance Pool (TCIP) so far has paid USD 340.36 million (TRY 6.5 billion) on claims for the victims related to the recent earthquakes that occurred in Turkey last month, Reinsurance News reports.

According to the latest figures, the number of damaged buildings from the quakes reached 416,021.

29 March 2023

The Turkish Catastrophe Insurance Pool (TCIP) has paid $340.36 million (TRY 6.5 billion) in claim payments so far for the victims related to the recent earthquakes that struck Turkey last month.

On February 6, 2023, a powerful Mw 7.8 magnitude earthquake struck south-central Turkey near the Syrian border. The quake produced a surface rupture length of approximately 250km. 11 minutes after the first shock, a Mw 6.7 aftershock occurred.

9 February 2023
The consecutive two devastating earthquakes that hit on 5 February Turkiye and Syria in the region of their common border, as well as the tens of aftershocks, have caused insurable losses that may exceed USD 4 billion, real-estate information firm CoreLogic estimates.