Related Research Articles
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names".
Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities.
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.
The Gendarmerie General Command is the national Gendarmerie force of the Republic of Turkey. It is a service branch of the Turkish Ministry of Interior responsible for the maintenance of the public order in areas that fall outside the jurisdiction of police forces, as well as assuring internal security along with carrying out other specific duties assigned to it by certain laws and regulations. In wartime, some of its elements can be subordinated to Turkish Land Forces by the President of Turkey.
Catastrophe modeling is the process of using computer-assisted calculations to estimate the losses that could be sustained due to a catastrophic event such as a hurricane or earthquake. Cat modeling is especially applicable to analyzing risks in the insurance industry and is at the confluence of actuarial science, engineering, meteorology, and seismology.
A “Risk pool” is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks such as floods or earthquakes. The term is also used to describe the pooling of similar risks within the concept of insurance. It is basically like multiple insurance companies coming together to form one. While risk pooling is necessary for insurance to work, not all risks can be effectively pooled in a voluntary insurance bracket unless there is a subsidy available to encourage participation.
Catastrophe bonds are risk-linked securities that transfer a specified set of risks from a sponsor to investors. They were created and first used in the mid-1990s in the aftermath of Hurricane Andrew and the Northridge earthquake.
Turkish Red Crescent (Turkish: Türk Kızılay or Kızılay is the largest humanitarian organization in Turkey and is part of the International Red Cross and Red Crescent Movement.
Adana Airport or Adana Şakirpaşa Airport is an international airport located in Adana, Turkey. The airport serves mainly to Cilicia region and in a lesser extent to the provinces surrounding Cilicia, due to its frequent domestic flight schedule and several flights to international destinations. With 5.1 million passengers in 2019, it is the sixth-busiest airport in Turkey. Opened in 1937, Şakirpaşa Airport is the oldest airport in Turkey that is still in public service.
The Greek–Turkish earthquake diplomacy was initiated after successive earthquakes hit both countries in the summer of 1999 and led to an improvement in Greek–Turkish relations. Prior to this, relations between the two countries had been generally volatile ever since the Istanbul pogrom. The so-called earthquake diplomacy generated an outpouring of sympathy and generous assistance provided by ordinary Greeks and Turks in both cases. Such acts were encouraged from the top and took many foreigners by surprise. They prepared the public for a breakthrough in bilateral relations, which had been marred by decades of mutual hostility.
On 17 August 1999, a catastrophic magnitude 7.6 earthquake struck the Kocaeli Province of Turkey, causing monumental damage and 17,127–18,373 deaths. Named for the quake’s proximity to the northwestern city of İzmit, the earthquake is also commonly referred to as the 17 August Earthquake or the 1999 Gölcük Earthquake. The earthquake occurred at 03:01 local time at a shallow depth of 15 km. A maximum Mercalli intensity of X (Extreme) was observed. The earthquake lasted for 37 seconds, causing seismic damage and is widely remembered as one of the deadliest natural disasters in modern Turkish history.
Hatay Airport is an international airport in Hatay Province, Turkey, serving the cities of Antakya and Iskenderun. Built in what used to be the center of the now drained Lake Amik, it was inaugurated in December 2007.
General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian public sector reinsurance company which has its registered office and headquarters in Mumbai. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.
The Disaster and Emergency Management Presidency is a governmental disaster management agency operating under the Turkish Ministry of Interior. The organisation was established in 2009 to take necessary measures for effective emergency management and civil protection nationwide in Turkey. The presidency conducts pre-incident work, such as preparedness, mitigation and risk management, during-incident work such as response, and post-incident work such as recovery and reconstruction. AFAD reports to the Turkish Ministry of Interior.
Eurasia Insurance Company is a Kazakhstan-based insurance company. As of 2013, Eurasia Insurance company maintained its position as the largest insurance company in Kazakhstan in terms of assets, insurance reserves, equity and authorized capital, as well as the volume of insurance premiums and paid claims.
Syrians in Turkey, includes Turkish citizens of Syrian origin, Syrian refugees, and other Syrian citizens resident in Turkey. As of January 2023 there are more than 3,500,000 registered refugees of the Syrian Civil War in Turkey, which hosts the biggest refugee population in the whole world. In addition, more than 100,000 Syrian nationals reside in Turkey with a residence permit. Apart from Syrian refugees under temporary protection and Syrian citizens with a residence permit; 223,881 Syrian nationals were given Turkish citizenship as of December 2022.
The Compagnie Centrale de Réassurance is a parastatal reinsurance corporation headquartered in Algiers, Algeria. Founded in October 1973, it is wholly owned by the Ministry of Finance.
Individuals and events related to 2023 in Turkey.
References
- ↑ "DASK | Natural Disaster Insurance Institution | Home Page". dask.gov.tr. Retrieved 2023-02-15.
- ↑ "How Earthquake Insurance Works in Turkey". WSJ. Retrieved 2023-02-15.
- ↑ https://www.tcip.gov.tr.
{{cite web}}: Missing or empty|title=(help) - 1 2 3 "Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch". Insurance Journal. 2023-02-09. Retrieved 2023-02-15.
- ↑ Gurenko, Eugene; Lester, Rodney; Mahul, Olivier; Gonulal, Serap Oguz (2006). "Earthquake Insurance in Turkey : History of the Turkish Catastrophe Insurance Pool". Washington, DC.
{{cite journal}}: Cite journal requires|journal=(help) - ↑ "TCIP made claims payments within 24 hours of quake, notified reinsurers: Türk Reasürans CEO - Reinsurance News". ReinsuranceNe.ws. 2023-02-14. Retrieved 2023-02-15.