NEWSROOM

Mandatory earthquake insurance has reached 6 million in the first 10 months!

*** This release is originally published in Turkish.
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ISTANBUL (TR) - Turkey has a compulsory earthquake insurance in general residential rate of 46% exceeds the number of housing 9.4 million uninsured. The highest rate of insurance is in Düzce.

Agency Catastrophe Insurance Pool (TCIP), according to data 2017'n the first 10 months of Turkey in the compulsory earthquake insurance commissioned residential count, increased by 9% compared to the same period last year was 6 million 788 thousand 694. While there are approximately 17.6 million houses covered by compulsory earthquake insurance in our country, the rate of insured housing increased to 46.5% with 557 thousand 39 new houses insured for the first time this year. The total number of insured houses reached 8 million 211 thousand 88, while 9 million 450 thousand 602 housing is still uninsured. According to data from the online insurance sales platform Koalay, 73% of those who purchase compulsory earthquake insurance on the internet are male. Sales are concentrated between 10: 00-12: 00 and 14: 00-16: 00, while the most preferred cities for DASK are Istanbul, Bursa, Gaziantep, Konya and Balikesir, respectively.

Marmara Region ranks first in terms of insurance coverage
When DASK’s data is analyzed regionally; Marmara Region ranks first with a 56.6% insurance rate, with 45% in Central Anatolia, 44.6% in the Aegean, 39.4% in the Mediterranean, 37.9% in the Black Sea, 37%, Eastern Anatolia with 2, and South East Anatolia with 33.2%. Düzce has the highest insurance rate with 87.10%, Şırnak has the lowest insurance rate with 7.3%…

DASK rate decreases with increasing age and number of floors
Located across Turkey's 8.2 million insured residential creating 83,6's 1% to 7 storey buildings, while 15.2% 1.2% 8 to 19 floors and 20 and over accounted storey buildings. 66.3% of TCIP-owned buildings are constructions built after 2000, while the rate of insured homes older than 40 is only 5%.

Seismic risk areas lead
When the insurance rates of the houses according to earthquake risk regions are analyzed, 71.7% of the houses with compulsory earthquake insurance have a share of I. and II. In the earthquake region, 11.7% of them are in III. in the earthquake region, 15.52% of the IV. earthquake zone and only 1.07% of them are located in earthquake zone V.

About Koalay
Koalay; Known for its successful application online services Telesur South African Insurance Group, which launched online in Turkey in 2014, it serves as insurance sales platform. Traffic Insurance offered by insurance companies, Casco and DASK offers, comparing the amount and scope of the policy to find the appropriate offer, allows users to save time and price. Users can only make 5 purchases in 3 minutes.