Türkiye: Top reinsurers disclose losses arising from Kahramanmaras earthquake
With the publication of annual reports in recent weeks, the world's three biggest reinsurers have indicated the quantum of claims incurred due to the massive February 2023 earthquake that hit Türkiye and Syria.
With the publication of annual reports in recent weeks, the world's three biggest reinsurers have indicated the quantum of claims incurred due to the massive February 2023 earthquake that hit Türkiye and Syria.
Article / 2 days ago
Crisis Management Annual Review 2024
Our latest update on kidnap, extortion, accident and health, active assailant, maritime piracy, terrorism and political violence risks...
Our latest update on kidnap, extortion, accident and health, active assailant, maritime piracy, terrorism and political violence risks...
Report / 2 months ago
Türkiye: Spike in quake insurance sales lasts for 3 months after Feb 2023 disaster
Insurance sales jumped immediately after the devastating February 2023 7.8 magnitude earthquake, but this spike lasted for around three months only, according to Insurance Association of Türkiye (TSB) member of the board Yavuz Olken.
Insurance sales jumped immediately after the devastating February 2023 7.8 magnitude earthquake, but this spike lasted for around three months only, according to Insurance Association of Türkiye (TSB) member of the board Yavuz Olken.
Article / 3 months ago
Turkish insurers cover insured losses estimated at more than $5bn from Kahramanmaras Earthquake
Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in compensation claims as of 5 February 2024 related to the massive 6 February earthquakes in 2023
Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in compensation claims as of 5 February 2024 related to the massive 6 February earthquakes in 2023
Article / 3 months ago
Turkiye: Government's 2023 cash support for Kahramanmaras earthquakes exceeds $3.46bn
Following the massive 4 February earthquakes centred on Kahramanmaras Province in 2023, the amount of cash support provided to earthquake victims reached TRY105.46bn ($3.46bn), according to information from the Ministry of Treasury and Finance.
Following the massive 4 February earthquakes centred on Kahramanmaras Province in 2023, the amount of cash support provided to earthquake victims reached TRY105.46bn ($3.46bn), according to information from the Ministry of Treasury and Finance.
Article / 3 months ago
After the earthquakes: Experts discuss building codes in Türkiye and the U.S. - Temblor
Experts reflect on building collapses in the wake of the 2023 Türkiye earthquakes and the importance of earthquake-resilient design in both the U.S. and...
Experts reflect on building collapses in the wake of the 2023 Türkiye earthquakes and the importance of earthquake-resilient design in both the U.S. and...
temblor.net /
Article / 4 months ago
Quakes and storms cause $95 billion in insurance losses in 2023 -Munich Re - Reuters
Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023...
Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023...
reuters.com /
Article / 4 months ago
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss...
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss...
Article / 5 months ago
January 1, 2024 Reinsurance Renewals Reflect a Motivated Market with Increasing Capital
Reinsurers’ capacity deployment picked up pace in the approach to January 1, while remaining focused on pricing adequacy and program structure...
Reinsurers’ capacity deployment picked up pace in the approach to January 1, while remaining focused on pricing adequacy and program structure...
PR / 5 months ago
Turkish cat pool faces tripling of RoL on ~$2bn reinsurance programme
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Article / 5 months ago
