The earthquakes affected an estimated 14 million people, and more than 52,000 deaths were reported, Inherent Risks said.
Total losses from earthquakes are approx as high as $25 billion. Insurance losses in Turkey are estimated at around $1.19 billion, but underwriters and syndicates do not yet fully understand which insured properties and assets have been affected.
While damage assessments can be performed using satellite-based geospatial techniques, it is no substitute for a personal approach to confirm the data, Inherent Risks said.
In the coming weeks, Inherent Risks response advisors will deploy to four of the most affected regions to begin the task of locating insured buildings and assets, including aviation and maritime assets, the company said. .
Read more: Earthquakes in Turkey: Industrial losses likely to exceed $1 billion
“Having been deployed to many regions around the world in the wake of natural disasters, I am very conscious of not putting any increased strain on local resources, or putting our teams at any unnecessary risk,” said by Dan Kaine, head of risk and crisis. advisory on Inherent Risks. “There is an enormous amount of proactive planning and preparation involved in a deployment like this.”
The company will conduct risk assessments, including travel planning and itinerary monitoring, for all of its deployed consultants, and will continue to provide logistics, communications, medical and security support. Insurance will be provided by Hotspot Cover.
In the days following the earthquakes, Inherent Risks contacted its clients with employees based in or traveling to the region, including Turkey’s flag carrier, Turkish Airlines.
natural Risks then established in 2021 as a global advisory firm specializing in medical assistance and crisis response.
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