Doğal Afet Sigortaları Kurumu'nun (DASK)
Turkish Catastrophe Insurance Pool (TCIP)
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
One of the main objectives of the Turkish National Catastrophe Insurance Pool (DASK / TCIP) is to increase earthquake awareness among citizens for helping prevent earthquakes turning into disasters in our country and to ensure everyone to take necessary precautions for this purpose. Increasing awareness about earthquake is also an important prerequisite for increasing the penetration rate of Compulsory EQ Policy and reaching the goal of 10 million insured homes before 2020.
Along with increasing the penetration rate of the earthquake policies, claims and catastrophe management has always been another primary concern of DASK. For this reason, DASK continuously invests in technology in order to improve its claims adjusting capacity.
TCIP - the Turkish Natural Catastrophe Insurance Pool will sett up a nuclear insurance pool to offer EUR 700 million of protection for each of the country's first nuclear power plants, soon to be built in Akkuyu and Sinop, according to Berat ALBAYRAK, minister of Energy and Natural Resources, reports Hurriyet.
The Turkish Nuclear Insurance Pool will be the 28th of its kind in the world, established according to the Paris Convention which makes mandatory for the countries holding nuclear power plants to establish an insurance pool.
The Turkish Catastrophe Insurance Pool (TCIP) is updating earthquake maps, the outcome of which will affect compulsory earthquake insurance tariffs, says the organisation's president Mr. Murat Kayaci.