Earthquake Risk Transfer for Turkey

Earthquake Risk Transfer for Turkey; Short-term earthquake loss
Fig.1 - Hashed circles represent current Earling undercover regions.

Turkey is a seismically active area within the complex zone of collision between the Eurasian Plate and both the African and Arabian Plates. Much of the country lies on the Anatolian Plate, a small plate bounded by two major strike-slip fault zones, the North Anatolian Fault and East Anatolian Fault. The western part of the country is also affected by the zone of extensional tectonics in the Aegean Sea caused by the southward migration of the Hellenic arc. The easternmost part of Turkey lies on the western end of the Zagros fold and thrust belt, which is dominated by thrust tectonics. Earling has covered Turkey in West, South West, North and the East of Turkey which is the high-risk region. Since 2018, most of the recent earthquakes near Ankara and South West, followed by an earthquake preparedness alert.

Turkey short-term expected earthquake loss

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How EPA Affects Recent Insured Losses

Fig.2 - Probable Maximum Loss (PML) - Mean return period in years. Turkey earthquake Average Annual loss is $2,200.39 million (Turkey Disaster & Risk Profile, 2014).
Fig.2 - EPA Short-term effect on the M7.1 23 Oct 2011 Van, Turkey earthquake insured losses.