Page 18 - Turkinsurance Digital Magazine

16 interview

Röportaj: Rabia Kübra Kanun

We attach great importance to

increasing our solvency against

potential earthquakes

Erdal Turgut, General Coordinator of Turkish Catastrophic Insurance Pool (TCIP/
DASK): “As DASK, we are accounting for a potential major earthquake in İstanbul in
all our plans”

What are the insurance ownership rates of Compulsory (DASK) is to take country-wide financial precautions against
Earthquake Insurance in Turkey? How do you interpret the earthquake risk and create a penny bank for Turkey. It is es-
current rates? sential for all homeowners to buy Compulsory Earthquake In-
surance to make sure that they can recover from the wounds of
Since 1999, we have reached 10 million Compulsory Earthquake earthquakes much faster and move on with their lives.
Policies across Turkey. Compared to similar models in the rest
of the world, this is a very good ratio; however, we aim to insure We have suffered great material and immaterial losses in the
all residences in our scope. Because we know that earthquake is a recent İzmir earthquake. What was the insurance ownership
reality in our country, and we should be prepared for it. For that, rate of the region at the time?
we first need to become conscious, be aware of the earthquake
risk, and know what precautions to take. Compulsory earthquake Insurance ownership rate was around 54% in the Aegean Re-
insurance is one of the best financial precautions to take against gion. After the earthquake, number of residences protected by
earthquake. Our target as Turkish Catastrophic Insurance Pool Compulsory Earthquake Insurance increased to 680 thousand
and insurance ownership rate to 61 percent.