Patterns in the Turkish reinsurance claim data, 1998-2002: An application of the extreme value theory

The devastating 1999 Marmara and Duzce earthquakes led to a significant increase in the earthquake studies in Turkey in geological, engineering and financial aspects. Extreme Value Theory (EVT) has a range of applications from stock market changes to natural disasters like floods and hurricanes. Here EVT is fitted to the ordinary and earthquake reinsurance claims of Turkey.


Flood forecasting and analysis within the Ulus Basin, Turkey, using geographic information systems
Usul, Nurunnisa; Turan, Burak (Springer Science and Business Media LLC, 2006-10-01)
Floods have been the most severe natural disasters in the West Black Sea Region of Turkey for many years; therefore Ulus Basin is selected as a study area for a thorough hydrologic flood analysis. The lack of embankments around the Ulus River and careless changes to the riverbed made by villagers, resulted in major flood events in the basin, causing significant damage in the area. In this study, the hydrodynamic characteristics of the basin and the riverbed are determined by calibrating the hydraulic module...
Evaluation of liquefaction in Karasu River floodplain after the October 23, 2011, Van (Turkey) earthquake
Akin, Mutluhan; Özvan, Ali; Akin, Muge K.; Topal, Tamer (Springer Science and Business Media LLC, 2013-12-01)
The eastern shore of Lake Van was shaken by a powerful earthquake (M (w) 7.2) on October 23, 2011. The epicenter of the earthquake was located at about 30 km north of the Van Province, which is one of the main cities in the Eastern Anatolia. The Van Province and particularly its largest district Ercis were adversely affected by the earthquake, and unfortunately, a total of 600 people lost their lives. Besides severe constructional damages and building collapses, ground deformations were widespread at many l...
Damage risk assessment of breakwaters under tsunami attack
Ergin, Ayşen (Springer Science and Business Media LLC, 2006-10-01)
Turkey was struck by two major events on 17 August and 12 November 1999, named Izmit (M-w = 7.4) and Duzce (M-w = 7.2) earthquakes, respectively. Rubble mound breakwaters in Izmit Bay experienced little damage, as forecasted by the new risk assessment model in which tsunami occurrence risk was included in the damage estimations. In order to determine the occurrence probability of structural damage under design conditions, including the environmental loading parameters of tsunami and storm waves, tidal range...
Probabilistic assessment of earthquake insurance rates for Turkey
Yücemen, Mehmet Semih (Springer Science and Business Media LLC, 2005-06-01)
A probabilistic model is presented to obtain a realistic estimate of earthquake insurance rates for reinforced concrete buildings in Turkey. The model integrates information on seismic hazard and information on expected earthquake damage on engineering facilities in a systematic way, yielding to estimates of earthquake insurance premiums. In order to demonstrate the application of the proposed probabilistic method, earthquake insurance rates are computed for reinforced concrete buildings constructed in five...
Real-time experimental forecast of the Peruvian tsunami of August 2007 for US coastlines
Wei, Yong; Bernard, Eddie N.; Tang, Liujuan; Weiss, Robert; Titov, Vasily V.; Moore, Christopher; Spillane, Michael; Hopkins, Mike; Kanoğlu, Utku (American Geophysical Union (AGU), 2008-02-27)
At 23: 41 UTC on 15 August 2007, an offshore earthquake of magnitude 8.0 severely damaged central Peru and generated a tsunami. Severe shaking by the earthquake collapsed buildings throughout the region and caused 514 fatalities. The tsunami resulted in three casualties and a representative maximum runup height of similar to 7 m in the near field. The first real-time tsunami data available came from a deep-ocean tsunami detection buoy within 1 hour of tsunami generation. These tsunami data were used to prod...
Citation Formats
B. B. Başbuğ Erkan, “Patterns in the Turkish reinsurance claim data, 1998-2002: An application of the extreme value theory,” NATURAL HAZARDS, pp. 329–342, 2006, Accessed: 00, 2020. [Online]. Available: