The session titled “Enhancing Earthquake Resilience in Türkiye: Addressing Critical Issues and Closing the Protection Gap” took place with Andrew Woodward, Regional President for the Middle East and Türkiye at Lloyd’s Limited, as the moderator. The panel featured prominent industry leaders, including Erdem Karabostan, General Manager of T-Rupt Technology; Dr. Ceyhun Eren, Director of Technical and Risk Engineering at Allianz Türkiye; Yavuz Ölken, CEO of AXA Sigorta; Michael Roth, Public Sector Practice Lead at Munich Re Capital Partners; and Özgür Bülent Koç, Deputy General Manager of Turk Reinsurance.
During the discussion, the panel highlighted the importance of various modeling techniques used in Türkiye for effective risk management. Key topics included the execution of stress tests, the significance of singular risk modeling, and the critical role of parametric modeling. The experts emphasized that conducting insurance without accounting for future risks is fundamentally untenable, pointing to the urgent need to strengthen earthquake resilience strategies nationwide.
This session was a pivotal moment in addressing the risks faced by the Turkish insurance industry and exploring ways to bridge the protection gap against natural disasters.
