MTIBU (Motor Transport Insurance Bureau of Ukraine) presented MTPL statistics for 2016-2017: GWP, claims and losses growing

27 February 2018 — Marina MAGNAVAL
The number of MTPL policies in Ukraine in 2017 increased by 5% up to 7,405,290. Total MTPL GWP exceeded UAH 3.73 billion (+9.6% if compared to 2016).

Average insurance payment (cost of a policy) increased by 4.3% up to UAH 504. Frequency of losses in 2017 increased from 1.54% to 1.65% (+6,8%).

The number of accidents in Ukraine in 2017 increased by 5.2% to 162 526, including accidents with damaged parties 27 220 (+6.6%), number of accident fatalities 3 432 (+7.7%), number of injured persons 34 677 (+8.1%).

TOP-10 MTPL insurers by GWP in 2017, which totally have 54.4% market share, include ORANTA (UAH 340.9 million), TAS (UAH 292.1 million), PROVIDNA (UAH 271.9 million) and others.

According to MTIBU statistics the number of settled MTPL claims in 2017 increased by 12.2% from 108 800 to 122 100, including life and health damage in number of 3 579 (+34.4%), property damage in number of 118 500 (+11.7%). Total number of claims under European Accident Statement increased to 29 400 (+44.1%). Total amount of claims in 2017 increased by 34.3% from UAH 1.4 billion to UAH 1.89life and health damage claims amounting to UAH 64.3 million (+72.8%), property damage claims amounting to UAH 1.82 billion (+33.3%). Claims settled under European Accident Statement amounted to UAH 240.9 million (+59.5%).

TOP-10 MTPL insurers by claims in 2017, which totally have 55.3% market share, include PROVIDNA (UAH 163.38 million), ORANTA (UAH 132.8 million), TAS (UAH 127.4 million) and others.

Average amount of claim for life and health damage in 2017 increased by 28.6% from UAH 13 970 to UAH 17 962. Average amount of claim for property damage increased by 19.4% from UAH 12 889 to UAH 15 386.

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