History of the Turkish Catastrophe Insurance Pool

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Title: History of the Turkish Catastrophe Insurance Pool
Abstract: With a majority of the population living in these earthquake-prone areas, the persistent potential for large-scale natural disasters has become a fiscal and social issue for the Turkish government. This issue led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP) in 1999. In five years, the TCIP transformed itself from an unknown and controversial government-sponsored program to one of the most trust- ed brand names in the Turkish insurance industry. The TCIP’s success has brought it worldwide recognition. Inspired by the TCIP’s example, more than a dozen countries, including have begun technical and legislative preparation of catastrophe insurance programs.

Publication Date: Feb. 11, 2007, 6 p.m.
Category: Geoscientific Information; information pertaining to earth sciences. Examples: geophysical features and processes, geology, minerals, sciences dealing with the composition, structure and origin of the earth s rocks, risks of earthquakes, volcanic activity, landslides, gravity information, soils, permafrost, hydrogeology, erosion
Regions: Turkey
Approved: No
Published: Yes
Featured: No
DOI: None
Attribution: None

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