UKRAINE: MTIBU: MTPL, Green Card and Motor Hull were the key market drivers in 2022

24 May 2023 —
The key market drivers in 2022 were MTPL, Green Card and Motor Hull. Their total share exceeded 49% of the market portfolio. In 2022 MTIBU member insurance companies settled 110.6 thousand claims (-36.2% y-o-y) and paid about UAH 2.8 billion (-24.1%) to road accident victims, as was noted at the MTIBU General Meeting on 18th of May 2023.

According to the 2022 results, the number of contracts decreased by 20.4%, and collected premiums - by 2.6% y-o-y (7.2 million MTPL contracts, UAH 7 billion of premiums/EUR 178.34 million). Growth was observed in international agreements - by 113% in the number, by 161% in premiums.

As of December 31, 2022, total amount of the Victim Protection Fund was UAH 3.0 billion, total amount of the Insurance Guarantee Fund was UAH 1.8 billion. At the end of 2022, the MTIBU settled 4.8 thousand cases from the Bureau's Victim Protection Fund for a total of UAH 235.8 million. Compared to 2021, the number of payments decreased by 28%, the amount - by 15%, according to the Bureau's press release.

* 1 EUR = 39.25 UAH (31.12.2022)