According to LKF CEO Mart Jesse, the picture is worrying. "The number of traffic accidents has been constantly growing this year, peaking in June, with 2970. It was the most unfortunate June in 14 years".
The average annual premium for motor third party liability insurance has dropped to EUR 102, falling by 13%.
"Although the number of accidents increased fast, the tariff of motor insurance continued to fall due to competition. The average annual premium decreased by 13% during the year and by 30% as compared with the situation from two years ago ", said Jesse.
The result of the MTPL insurance market was EUR 3.5 million in H1 2021, decreasing by EUR 5.7 million compared to the same period last year. The average loss was EUR 1868.