News Middle East04 Aug 2019

Turkey:Proportion of quake-safe residential properties exceeds 51%

| 04 Aug 2019

The number of earthquake-safe houses in Turkey has increased from around 500,000 in 1999 to more than 9.1m currently. With around 17.7m residential buildings in the country, the proportion of earthquake-safe homes has reached 51.6%, reported Insurance Gazette.

Making buildings earthquake resistant has intensified in the 20 years since the 17 August 1999 Marmara earthquake which killed about 17,000 people. The quake also led to the introduction in 2000 of compulsory earthquake insurance in the country, but a large proportion of residential properties still remains uninsured.

Quake insurance

According to the Turkish Catastrophe Insurance. Pool, buildings constructed after 2007 have the highest insurance coverage rate of 50.7%.

The proportion is 17.9% for buildings erected between 2000-2006. The insurance rate for buildings built between 1997 and 1999 was only 6.97%, while that for buildings built before 1975 is 4.5%.

Seismic maps show that 96% of Turkish territory lie in earthquake zones with different hazard levels. 98% of the total population live in these regions.


 

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