News Middle East02 Apr 2024

Türkiye:As technical losses mount in mandatory auto insurance business, insurers look to liberalised pricing

| 02 Apr 2024

Compulsory motor third-party liability (CMTPL) insurance business, also referred to as traffic insurance in Türkiye, chalked up a technical loss of TRY13.7bn ($424m), after offsetting investment income, in 2023. The loss widened from TRY11.7bn in 2022, Insurance Association of Türkiye president Ugur Gulen said when he reviewed the performance of the insurance industry..

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