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)