Loss Announcement:

TRY 117.0bn - PERILS releases fourth industry loss estimate for the Kahramanmaras Earthquake Sequence

Zurich - 06 Feb 2024

PERILS has today disclosed its fourth industry loss estimate for the Kahramanmaras Earthquake Sequence, which affected large parts of south-central Turkey and neighbouring Syria on 6 February 2023.

In its fourth loss report, provided in the form of an industry loss footprint at province resolution, PERILS estimates that the event has cost the insurance industry a total of TRY 117.0bn in property losses.