Page 17 - Turkinsurance Digital Magazine

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DASK insurance rate

is increasing

According to the data of the Natural Disaster Insurance
Agency (DASK), the number of compulsory earthquake

insurance policies reached 11.4 million units as of March
2023. Thus, the insurance rate increased to 57.10%. Al-
though the DASK insurance rate increases with each pass-
ing period, there is still a long way to go here.

In the statistics of DASK, which was estab- total insurance rate was 57.1 percent, while
lished after the 1999 Gölcük Earthquake, the number of policies in force was 11.4
which caused the destruction or damage of million.
more than 100 thousand buildings in Tur-
key, in March 2023, it was shared that there Paying 1.1 billion TL compen-
are a total of 20 million 32 thousand houses sation to the earthquake zone
in Turkey. The number of insured homes has
reached 11 million 436 thousand 609.
DASK payouts also started after the earth-
The insurance rate in Turkey, which is faced quake disaster in Kahramanmaraş and hit
with the risk of earthquakes at any time, in- ten provinces. DASK shared information
creased from 53 percent at the end of 2019 about the total compensation paid from ap-
to 56.6 percent as of November 2020. In plications completed after the earthquake
2022, compulsory earthquake insurance disaster.
reached the number of 8 million 797 thou-
sand 607 policies in October, while premium According to the information shared by
production was seen as 1 billion 745 million DASK, the amount of compensation paid
915 thousand 635 TL. In March 2023, the was 1 billion 120 million 191 thousand 441

POLICY UNITS BY YEAR
January February March April May June July August September October November December
2020 770.506 795.129 807.925 603.716 658.705 896.958 890.014 862.455 906.244 924.242 699.789 904.330
2021 748.382 803.047 922.866 724.875 679.634 952.467 849.443 940.361 975.857 901.131 1.014.127 1.019.617
2022 769.757 801.840 944.067 773.108 775.680 971.958 846.333 1.025.857 983.305 905.702 1.045.903 1.070.627
2023 789.408 1.237.318 71.040