The number of MTPL contracts concluded reached 3.6 million units, up 14% y-o-y. However, if compared to the same period in 2021, the indicator decreased by 18.1%.
Insurance companies settled 62 thousand claims, which is 10.5% more than in 1H2022, but 26.6% less than in 1H2021. MTPL insurers paid almost UAH 1.8 billion to road accident victims (+38.8% from 1H2022 and +6.1% from 1H2021).
The number of e-MTPL policies exceeded 2.3 million units (+29%), and the amount of premiums on e-MTPL contracts reached UAH 1.8 billion (+48.1%). The share of electronic policies in the total number of contracts is 66.3%, in the total amount of premiums - 72.9%, these are the highest figures since e-MTPL introduction in Ukraine.
The paid claims’ ratio (the total amount of paid claims to the total amount of premiums) in the first half of 2023 is slightly higher than in the same period last year (48% vs. 45.8%), but lower than in 2021 (51.8%).
The TAS insurance group is leading in terms of the number of concluded contracts, GWP collected, as well as the number and amount of paid claims. ORANTA ranks second in all these indicators.
“The claim settlement results over the last quarter are even better than before the start of the Russian aggression. Insurers began to pay faster, the level of complaints is at a minimum. All thanks to innovations introduced by insurance companies to optimize business processes related to claim settlement in difficult war conditions”, explained Alexander Bernazyuk, General Director of MTIBU.
*EUR 1 = UAH 40.08 (01.07.2023)
1659 views
