Turkish insurance sector climate and disaster risk focus

The Turkish insurance sector is increasingly prioritizing climate change risk management and disaster preparedness. The Insurance Association of Turkey (TSB) is preparing to launch the ‘Insurance House’ initiative during the COP31 summit in Antalya to facilitate global discussions on climate risk financing and sustainable insurance.

In the agricultural sector, TARSİM reports that awareness among producers has risen following catastrophic frost events in 2025. Currently, 29.55% of insurable crop areas and 56% of registered livestock are covered, with compensation payments reaching 35 billion TL in 2025. To address these risks, new models such as income protection and parcel-based yield insurance are being implemented.

Regarding natural disasters, experts have noted that earthquake insurance (DASK) coverage remains around 50 percent. While DASK is required for property transactions, a lack of sanctions for maintaining coverage after purchase has been identified as a concern, alongside the need for increased awareness and the prevention of fraudulent policy practices.