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Expansion of the Turkish Catastrophe Insurance Pool (TCIP)

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Magazine Issue: 
The insurance market consolidation in view of the post-Covid-19 [3]
Magazine date: 
Jul 2021

Turkey floodsThe floods that have hit Turkey in recent months have prompted the supervisory authorities to broaden the scope of the already existing natural catastrophe [4] pool (TCIP) which only covers earthquake risks.

The pool is now expected to provide insurance coverage against floods, landslides, storms, hail, frost, avalanches and other hazards.

The developments of this expanded compulsory natural disaster insurance scheme are expected to be completed shortly.

Read also | Turkish insurance market [5]

Wed, 25/08/2021 - 14:24

Source URL: https://www.atlas-mag.net/en/article/expansion-of-the-turkish-catastrophe-insurance-pool-tcip

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[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/natural-disasters-in-2021
[5] https://www.atlas-mag.net/en/article/turkish-insurance-market-turnover-increase-in-2020