UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y

22 August 2019 — Marina MAGNAVAL
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.

The total number of settled claims also increased by 8.5% y-o-y, and paid claims by 12.9%, to UAH 1.2 billion (EUR 40.32 million).

The MTIBU noted that the market has seen a decrease in the average period of insurance claim settlement to 89 days (vs 103 days a year ago). This period for the TOP-10 MTPL insurers in terms of GWP amounted to just 81 days. The market share of claims, settled within 90 days, increased from 64% to 69%. And the total number of complaints about MTPL insurers dropped by 19%, Forinsurer wrote.

*EUR 1 = UAH 29.76 (01.07.2019)

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