Earthquake Insurance in Turkey PDF
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Published on 2006-01-01 by World Bank Publications
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.
This Book was ranked at 17 by Google Books for keyword Insurance Risk Management novel.
Book ID of Earthquake Insurance in Turkey's Books is FJsyapLefv4C, Book which was written by have ETAG "L1anHAQ1vJ4"
Book which was published by World Bank Publications since 2006-01-01 have ISBNs, ISBN 13 Code is 9780821365847 and ISBN 10 Code is 0821365843
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Book which have "116 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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