Compulsory motor third-party liability (CMTPL) insurance business, also referred to as traffic insurance in Turkiye, 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 Turkiye president Ugur Gulen said when he reviewed the performance of the insurance industry..