The indicator is a response indicator. The notion of risk brings with it the notion of insurance, which implies a hedging of the risk. In this sense, the environmental liability insurance is used nowadays as a tool for the management of environmental risks.

Within the scope of environmental legislation, General Conditions of Compulsory Marine Pollution Financial Liability Insurance for Coastal Facilities, General Conditions of Compulsory Financial Liability Insurance for Hazardous Substances and Hazardous Wastes, and General Conditions of Financial Liability Insurance for Environmental Pollution entered into force on 01 July 2007, 11 March 2010 and 01 September 2011, respectively.

With Coastal Facilities Sea Pollution Compulsory Third Party Liability Insurance some material and physical damages caused by marine pollution of coastal facilities are compensated within the guarantee limits set by the State. For this insurance, a total of TL 8,232,080 in premiums was generated in 2020. Environment Pollution Third Party Liability Insurance provides coverage for damages caused by companies that pollute the soil, water or air. For this insurance, a total of TL 2,000,032 in premiums was generated in 2020. Compulsory Third Party Liability Insurance for Hazardous Substances and Hazardous Wastes compensates physical and material damages that may be caused by professional activities related to hazardous materials. For this insurance, a total of TL 77,489,065 in premiums was generated in 2020 ^[124].

GRAPH 160- COASTAL FACILITIES SEA POLLUTION COMPULSORY THIRD PARTY LIABILITY INSURANCE

Source: Insurance and Private Pension Regulation and Supervision Agency, 2021

GRAPH 161- ENVIRONMENT POLLUTION THIRD PARTY LIABILITY INSURANCE

GRAPH 162- HAZARDOUS MATERIALS AND HAZARDOUS WASTE COMPULSORY THIRD PARTY LIABILITY INSURANCE

Source: Insurance and Private Pension Regulation and Supervision Agency, 2021