Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Pool ebook Gurenko, Eugene N.,, Lester, Rodney R.,, Mahul, Olivier Diesel eBooks

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Home > Social Science > Social Science General & Other > Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Pool-eBook

Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Pool

Gurenko, Eugene N.,, Lester, Rodney R.,, Mahul, Olivier

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Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Pool

The persistent potential for large scale natural disasters has become a real concern for the Turkish government since the late 1990s, which ultimately led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP). Among the main rationale of the creation of the TCIP were a grave government fiscal exposure to natural disasters and a disproportionately low level of catastrophe insurance penetration for such a disaster-prone country. Since the commencement of this program in 2000, the TCIP has provided coverage to more than 2 million households, being by far the largest insurance program in the country. In four years, the TCIP has managed to become one of the most trusted brand names in the Turkish insurance industry, and one of the largest catastrophe insurance pools in the world. Its success has also brought an international recognition, inspiring more than a dozen of countries world wide. The TCIP experience has also been a watershed for the World Bank as it has led to a rethinking of the roles of ex ante risk management relative to ex post donor support. This book presents the main technical imperatives and challenges in the development and the implementation of the TCIP and shows how a public-private partnership may be the way forward in the financing of natural disasters. If offers valuable advise and guidelines to policymakers involved in the development of catastrophe insurance programs.

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Title of ebook: Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Pool
ISBN: 9780821365847
Publisher: World Bank Publications
Internet download file size: 2649 kb
Released online for download: 02-21-2007
Author of eBook: Gurenko, Eugene N.,
Author of eBook: Lester, Rodney R.,
Author of eBook: Mahul, Olivier,