Get yourself a modern insert / holder system such as the AP** which have much better geometry and are supported with a vast range of modern insert materials, coatings, chipbreaker geometries and applications. There are many reasons why TP** inserts are essentially obsolete today. Ironically, AP** inserts are more suited to older and less rigid machines than TP**, as they generate lower cutting forces.
You can get yourself a 12mm AP** holder for 20 quid and matching inserts for under £3. If you are happy to take your chances on Banggood, AliExpress, ebay etc you can do even better but you need to have an idea what you are buying.
As mentioned, that insert has no obvious parentage, so could be made of sugar or flint. Whatever you do, get inserts of known / decent origin before you get too baffled at what you are finding.
Murray