Türkiye-Syria earthquake
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Türkiye-Syria earthquake

7.8 magnitude earthquake was one of the most devastating in decades

Latest news

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 / 1 month 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 / 1 month 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 / 2 months ago

Turkiye: Ombudsman recommends quake insurance compensation be based on 2023 payout rates

The Ombudsman Institution (KDK) has recommended that the insurance compensation payable to those whose homes were damaged in the 6 February Kahramanmaras-centred earthquake be based on 2023 tariffs instead of 2022 rates.
The Ombudsman Institution (KDK) has recommended that the insurance compensation payable to those whose homes were damaged in the 6 February Kahramanmaras-centred earthquake be based on 2023 tariffs instead of 2022 rates.
Article / 5 months ago

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