At the same time, over the first five months of 2025, 2.79 million MTPL contracts were concluded, which is 6.8% less y-o-y. It is noted that almost all policies (99.6%) are concluded in electronic format, which indicates rapid digitalization of the market.
The number of settled claims remained almost at the level of the previous year (61.3 thousand), while total amount paid increased by 21.6%, exceeding UAH 2.4 billion (~EUR 51.32 million).
MTPL prices have increased significantly since January 1, 2025, after the new law on MTPL came into force. According to insurance companies, the increase is on average from 70% to 100%.
In January-May 2025, Green Card insurance market in Ukraine saw a decrease in key indicators compared to the same period in 2024, according to MTIBU data. The number of concluded international insurance contracts decreased by 10.94% to 518.5 thousand. At the same time, there was a slight decrease in GWP - by 1.02%, to UAH 2.13 billion (~EUR 45.55 million).
The number of Green Card paid claims decreased by 15.94%, and the amount of payments decreased by 5.43%, to EUR 19.73 million. This may indicate a general decrease in demand for these policies or a change in consumer behavior in the current economic and geopolitical circumstances, the source writes.
*EUR 1 = UAH 46.76 (as of June 01, 2025)
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