From January to May 2022, MTPL market in Ukraine decreased by 18.24% to UAH 2.218 billion (~EUR 70.10 million). In the first 5 months of the year, MTIBU member insurance companies concluded 32.25% fewer MTPL contracts than in the same period a year earlier, Forinsurer wrote.

The number of electronic MTPL contracts decreased by 17%.

Total paid claims under domestic insurance contracts in January-May decreased by 24.8% to UAH 1.089 billion.

MTIBU (Motor Transport Insurance Bureau of Ukraine) also recorded a 33.5% reduction in the number of settled insurance claims over the period.

*1 EUR = 31.64 UAH (01.06.2022)