According to the insurer's estimates, Motor Hull policies cover no more than 10% of the capital's vehicles, Allinsurance.kz writes with reference to the insurance company.
It is noted that in 2023, Motor Hull demonstrated a significant increase in new contracts (a twofold increase y-o-y), and GWP (over KZT 120 billion/EUR 239.18 million) for the first time outpaced MTPL (over KZT 115 billion/EUR 230.77 million). However, Motor Hull still covers no more than 5% of the country's vehicle fleet.
According to preliminary estimates, of the total number of vehicle owners damaged by hail, no more than 500 vehicles, or about 10% of the damaged ones, were insured under Motor Hull, the source says.
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