Turkiye:Claims from heavy floods amount to nearly US$40m to date

By MEIR team | 26 Oct 2026

Insurance companies have set aside nearly TRY2bn ($38m) to compensate claims arising from the heavy rainfall and flooding earlier this month that affected Istanbul and five other provinces, according to data from the Insurance Association of Turkiye (TSB).

Insurers in Istanbul, Kocaeli, Antalya, Yalova, Bursa, and Sakarya have allocated TRY1,559m for 1,638 outstanding claims in the fire insurance branch and TRY346m for 741 cases in the comprehensive vehicle insurance branch.

In fire insurance, the highest outstanding amounts were recorded in Istanbul with TRY1,389m and Kocaeli with TRY164m, while in the comprehensive vehicle insurance branch, Istanbul led with TRY312m.

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