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UKRAINE: MTIBU reduced cost of Green Card policies by 4.6%
On March 16, 2021 Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduced new tariffs for Green Card policies for those traveling abroad by road, as OPEN4BUSINESS informed with a reference to the MTIBU's statement.
18 March 2021UKRAINE: GWP and paid claims of UNIVERSALNA in 2020 increased y-o-y
GWP volume of UNIVERSALNA, which is part of FAIRFAX FINANCIAL HOLDINGS LIMITED, last year exceeded the level of 2019 and amounted to UAH 953,829 million (~EUR 27.45 million*), Forinsurer writes.
17 March 2021UKRAINE: EUROINS Ukraine received net profit in 2020 vs net loss in 2019
The Kiyv-based EUROINS Ukraine insurance company received net profit of almost UAH 37.55 million (~EUR 1.08 million*) in 2020 (vs net loss of UAH 14.6 million in 2019), as Open4Business informed according to the materials for the agenda of the meeting of the insurer's shareholders.
11 March 2021UKRAINE: ARX and ARX Life end 2020 with 17% total GWP growth
ARX and ARX Life have summed up the difficult year 2020, which has become quite successful for them - their total GWP amounted to UAH 2.94 billion (~EUR 84.63 million*) , which is 17% more y-o-y, Forinshurer said.
2 March 2021UKRAINE: the decision to sell "U.S.I." to be made by the end of March
Insurance company "U.S.I." is selecting an investor for sale. Negotiations with potential investors began in October 2020, the deadline for the decision to sell the company is scheduled for the end of March 2021, Forinshurer informed.
2 March 2021UKRAINE: Alexander ZALETOV headed the Department for Supervision of financial companies
Alexander ZALETOV headed the department for supervision of financial companies at the Department for supervision of non-banking financial services at the National Bank of Ukraine, Forinshurer said.
24 February 2021UKRAINE: in January 2021, GWP of the TAS group increased by more than 22% y-o-y
TAS insurance group, whose insurers are among the TOP-3 companies in the non-life and life insurance sectors of Ukraine, in January 2021 increased its total GWP by 22.4% y-o-y, to UAH 252.4 million (~EUR 7.39 million*), Forinshurer reports.
24 February 2021UKRAINE: in 2020 the insurers paid profit tax over 51% more than in 2018
In 2020 the total amount of the profit tax, paid by the Ukrainian insurers to the state and local budgets, increased by 24.5% to UAH 1.6 billion (EUR 46 million*), which at the same time is 51.5% more than in 2018, according to Oleksandr ZALETOV, the vice president of the League of Insurance Organizations of Ukraine (LIOU), Interfax-Ukraine writes.
17 February 2021UKRAINE: Irina SIRENKO became the head of the insurance market supervision department
Since February 10, 2021, Iryna SIRENKO has taken the post of Head of the Insurance Market Supervision Department at the Non-Bank Financial Services Market Supervision Division of the National Bank of Ukraine, Forinshurer reports.
11 February 2021UKRAINE: MTIBU: MTPL GWP last year became a record - almost UAH 6.1 billion
According to the MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2020, insurers concluded over 8.3 million MTPL contracts, and total GWP amount became a record - almost UAH 6.1 billion (~EUR 0.17 billion*), the bureau's press release says.
11 February 2021UKRAINE: Forte Life got a new owner
Astrum Ukraine LLC that owned 99% of shares of the Kyiv based Forte Life insurance company has reduced them to zero.
4 February 2021UKRAINE: the number of e-MTPL policies in 2020 increased by 2.5 times
At the end of 2020, the number of electronic MTPL policies exceeded 3 million units, which is 2.5 times more y-o-y. The amount of premiums under electronic contracts reached UAH 2.6 billion/~EUR 74.84 million* (+176% y-o-y in UAH), MTIBU reports.
28 January 2021UKRAINE: the largest part of compensations from the MTIBU guarantee funds in 2020 was paid for uninsured vehicles
In 2020, MTIBU (Motor (Transport) Insurance Bureau of Ukraine) paid to victims of road accidents from the Victim Protection Fund over UAH 215.7 million (~EUR 6.2 million*). At the same time, the number of payments decreased by 10.6% y-o-y, while the amount remained almost unchanged (+1.8%), according to the Bureau's press release.
27 January 2021UKRAINE: INGO: the number of customers who bought insurance products online tripled in 2020
According to the INGO insurance company, the number of customers who bought insurance products online in Ukraine in 2020 tripled y-o-y, as Forinsurer informed with reference to the insurer's report.
21 January 2021UKRAINE: paid claims of MTPL insurers for the last 10 months increased by 11% y-o-y
MTPL insurers in Ukraine from January to October 2020 paid UAH 2.3 billion (~EUR 69 million*) to victims of road accidents, which is 11% more y-o-y, Forinshurer reports according to MTIBU.
7 January 2021UKRAINE: in January-November 2020, MTPL increased by more than 21%, while Green Card dropped by 29% y-o-y
MTPL GWP in January-November 2020 in Ukraine increased by 21.13% to UAH 5.58 billion (~EUR 0.16 billion*), while the number of contracts grew by 3.64% y-o-y.
7 January 2021STATISTICS: UKRAINE, 3Q2020: Assets of insurers decreased by 4.6% since the beginning of the year
At the end of 3Q2020, the Ukrainian insurance market amounted to almost UAH 33 billion (EUR 0.99 billion*), which means a decrease of 18.72% y-o-y (in UAH). At the same time, paid claims increased by 13%, according to data from the National Bank of Ukraine.
17 December 2020UKRAINE: the renewed National Association of Insurers of Ukraine to be headed by Denis YASTREB
On December 16, 2020, 21 non-life insurers (GWP market share 55%, paid claims share 65%) and 10 life insurers (GWP share over 93%, paid claims share 98%) began the legal merger procedure, according to the website of the National Association of Insurers Ukraine.
17 December 2020UKRAINE: Four years anniversary from the start of the system of MTPL direct settlement
December 1st, 2020 marked four years since the system of direct settlement of losses in MTPL was launched in Ukraine. Now, 15 MTIBU (Motor Transport Insurance Bureau of Ukraine) member companies are members of this system, according to the Bureau's website.
8 December 2020UKRAINE: GWP growth of the Ukrainian insurance group exceeded 24% y-o-y
According to the Ukrainian Insurance Group, for the first 9 months of 2020, the company's GWP grew by 24.2% y-o-y, Forinshurer reports.
2 December 2020
