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| Acknowledgments | |
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| Introduction | |
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| Abbreviations | |
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| The Making of the Turkish Catastrophe Insurance Pool: Risk Reality and Risk Perception | |
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| Turkey's Exposure to Earthquakes | |
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| Role of the Government | |
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| Role of the World Bank | |
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| Turkish Public Relations and Communications Campaign | |
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| Turkish Insurance Industry | |
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| Marmara Earthquake | |
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| Marmara Earthquake Emergency Reconstruction Project | |
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| Objectives and Design: Political Economy and Technical Imperatives | |
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| Enabling Legal Framework | |
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| Institutional Structure | |
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| Earthquake Insurance Coverage Terms and Conditions | |
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| Risk Financing Strategy | |
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| Operational Logistics and Corporate Financial Framework: Key Challenges | |
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| Economic Environment and the 2001 Financial Crisis | |
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| Legal Framework | |
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| Corporate Governance | |
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| Insurance Operations | |
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| Consumer Demand for Earthquake Insurance | |
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| Future Challenges: Threats and Opportunities | |
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| Insurance Penetration | |
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| Risk Management Challenges | |
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| Potential Ways Forward | |
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| Appendixes | |
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| English Translation of Governmental Decree Law No. 587 on Compulsory Earthquake Insurance as Published in Official Gazette No. 23919 (December 27, 1999) | |
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| International Experience with Catastrophe Funds | |
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| Bibliography | |
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| Index | |
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| Boxes | |
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| Source of Seismicity in Turkey | |
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| Supply- and Demand-Side Failures of Private Disaster Insurance Markets | |
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| Setting TCIP Premium Rates | |
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| TCIP Reinsurance Tender | |
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| Responsibilities of the TCIP Board | |
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| California Earthquake Authority | |
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| New Zealand Earthquake Commission | |
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| Figures | |
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| Comparison of Aggregate Vulnerability Curves for Residential Buildings and Commercial Constructions in Turkey and Highly Developed Economies | |
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| World Bank Disaster-Related Lending, 1980-2002 | |
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| World Bank Emergency Lending, 1980-2002 | |
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| Framework of the MEER Emergency Response Loan | |
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| TCIP Organizational Structure | |
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| Reinsured Fire Premium, 2000-3 | |
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| Reinsurance Pricing Volatility | |
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| Earthquake Hazard Map of Turkey | |
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| Average Individual TCIP Insurance Premium | |
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| TCIP Premium Rates for Construction Types A, B, and C, 2000-4 | |
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| TCIP Portfolio Loss Exceedance Curve | |
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| TCIP Marketing Process | |
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| Percent of Annual Reinsurance Agreements under the TCIP, Nov. 1-Oct. 31, 2001-5 | |
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| The TCIP's Current Information Technology System | |
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| TCIP Insurance Penetration in Rural Areas, 2001-5 | |
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| Tables | |
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| Significant Seismic Activity during the Twentieth Century | |
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| Economic Direct Loss Potentials | |
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| World Bank Emergency Reconstruction Lending in Turkey, 1992-9 | |
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| Nonlife Insurance Penetration in Turkey and Selected Countries, 2004 | |
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| Selected Economic Indicators for the Marmara Earthquake Region | |
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| Macroeconomic Costs of the Marmara Earthquake | |
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| Realized Rates on Line (ROL), Nov. 1-Oct. 30 | |
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| World Bank Contingent Facility | |
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| Sum Insured (as of January 1, 2005) | |
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| Compulsory Earthquake Insurance Premium Rates | |
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| TCIP Total Claims-Paying Capacity in Millions of Dollars, 2001-5 | |
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| Distribution of TCIP Portfolio by Region | |
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| Regional TCIP Insurance Penetration since the TCIP's Inception | |
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| TCIP Statement of Income, as of October 28, 2004 | |
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| TCIP Balance Sheet since the Pool's Inception, 2000-4 | |
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| Advertising Campaign and TCIP Participation, 2000-5 | |
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| Government-Sponsored Catastrophe Insurance Programs | |
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| Catastrophe Program Design Variables | |
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| Insurance Vehicles | |
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| Rates Charged and Mitigation Incentives | |