Turkey: Addressing private risks – the Turkey Catastrophe Insurance Pool (TCIP)

The Turkish Catastrophe Insurance Pool (TCIP) is a compulsory public-private earthquake insurance scheme established in 2000 in response to the devastating 1999 Marmara earthquake, which killed 15,000 people and placed enormous fiscal strain on the Turkish government. Turkey is one of the most earthquake-exposed countries in the world, with around 70% of its population and […]

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