Loss Announcement:

Zurich - 05 May 2023

TRY 86.4bn - PERILS releases second industry loss estimate for the Kahramanmaras Earthquake Sequence

PERILS has today disclosed its second industry loss estimate for the Kahramanmaras Earthquake Sequence which affected south-central Turkey and neighboring Syria on 6 February 2023.

PERILS’ second estimate of the insured market loss, based on loss information collected from the Turkish insurance market, is TRY 86.4 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.