Zurich - 21 Mar 2023
PERILS has today disclosed its initial industry loss estimate for the Kahramanmaras Earthquake Sequence which affected south central Turkey and neighboring Syria on 6 February 2023.
PERILS’ initial estimate of the insured market loss, based on loss information collected from the Turkish insurance market, is TRY 65.4 billion. 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.