Page 11 - Turkinsurance Digital Magazine

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The insurance

rate against

earthquakes in the

country is at the

level of 54 percent

DASK Coordinator Erdal Turgut said, “We

aim to carry the insurance rate to 100
percent all over the country”

Please tell us briefly about the last year of DASK's activities.

DASK has provided financial security to insured homeowners
against earthquake and earthquake-related fire, explosion, land-
slide, and tsunami risks with Compulsory Earthquake Insurance
since 2000. While Compulsory Earthquake Insurance offers resi-
dential security based on an independent department, it also tries
to create an earthquake coverage pool for our country.

Compulsory earthquake insurance against earthquake measures
is one of the most potent financial visibility, awareness, and own-
ership of our ongoing efforts to promote policy. We continue
with great devotion and enthusiasm.

As a Natural Disaster Insurance Institution, our priority is to
move the insurance rate to 100 percent nationwide and thus
minimize the costs that our State will incur in a possible major
earthquake. In this context, we are carrying out many studies
together and aim to implement them gradually.

In the past year, we have acted with the awareness that our work
to increase our financial and operational strength is greatly im-
portant for our goal of 100 percent insurance. We are direct-
ing our studies in this direction by considering the possible big
Istanbul earthquake. As of today, we have increased our dam-
age pay capacity to TL 46 billion to have sufficient resources
available concerning our potential obligations in case of a pos-
sible earthquake. This capacity, created entirely independently
of state resources, will be used only for compensation for earth-
quake-related damages that will occur in the homes of Compul-
sory Earthquake Insurance policyholders.