Successes and failures of compulsory risk mitigation: re-evaluating the Turkish Catastrophe Insurance Pool

Date

2015-10-01

Author

Başbuğ Erkan, Berna Burçak
Özdemir, Özlem

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The Turkish Catastrophe Insurance Pool (TCIP) is one of the best practices of public-private partnerships in an emerging market designed to reduce economic losses from disasters. This paper reviews the application of this compulsory mechanism along with data relating to the performance of the scheme following recent earthquakes in Turkey. We also consider the current perceptions of Turkish society towards the TCIP and how they can be enhanced. Our conclusions aim to assist stakeholders in government, homeowners, insurance companies, media, banks and civil society to appreciate the value of the system and key actions necessary to improve it.

Subject Keywords

Catastrophe, Earthquake, Insurance, Mitigation policy, Turkey

URI

https://hdl.handle.net/11511/48639

Journal

DISASTERS

DOI

https://doi.org/10.1111/disa.12129

Collections

Department of Statistics, Article

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Citation Formats

B. B. Başbuğ Erkan and Ö. Özdemir, “Successes and failures of compulsory risk mitigation: re-evaluating the Turkish Catastrophe Insurance Pool,” DISASTERS, pp. 782–794, 2015, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/48639.