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22nd March 2023
PERILS initial insured loss estimate for the Kahramanmaras Earthquake Sequence at TRY65.4bn
PERILS has disclosed its initial industry loss estimate for the Kahramanmaras Earthquake Sequence which affected south central Turkey and neighboring Syria on 6th February 2023.
PERILS’ initial estimate of the insured market loss, based on loss information collected from the Turkish insurance market, is TRY65.4bn. In line with the PERILS coverage definition for Turkey, this loss number covers the property line of business. It does not include losses which occurred in Syria as this region is not covered by PERILS.
PERILS Trends(10 articles)
