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.