Türkiye:Insurers suffer underwriting losses in traffic branch in 2023

By MEIR team | 07 May 2024

Turkiye Motor Regulation Financial Performance

Motor insurers posted a combined underwriting loss of TRY33bn ($1bn) in 2023 in the traffic (compulsory motor third-party liability) insurance branch, according to Insurance Association of Türkiye president Ugur Gulen. No company made an underwriting profit in the branch.

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