Turkey quake insured losses to exceed $5bn amid $25bn economic hit: Moody’s RMS
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Turkey quake insured losses to exceed $5bn amid $25bn economic hit: Moody’s RMS

Ayesha Venkataraman
23 February 2023
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Photo: Alamy

Insured losses from the sequence of earthquakes that struck Turkey earlier this month could exceed $5bn, according to Moody’s RMS, while the disaster is expected to inflict a $25bn hit on the country’s economy.

The risk modeller said the loss estimates are based on an analysis of the earthquake sequence using Moody’s RMS Europe Earthquake Models and reflect damage to property and contents, and BI, across residential, commercial and industrial lines in Turkey.

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Ayesha Venkataraman
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