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UKRAINE: in 1H2021 MTIBU paid to victims of road accidents over UAH 141 million, which is 36% more y-o-y
Payments of MTIBU (Motor (Transport) Insurance Bureau of Ukraine) for January-June 2021 from the Victim Protection Fund of the Bureau amounted to UAH 141.7 million (~EUR 32.34 million*). Compared to the same period in 2020, the number of payments increased by 18.6%, while the amount increased by 36%, the Bureau reports.
27 July 2021UKRAINE: MTIBU approached NBU with a proposal to increase insurance amounts for MTPL
MTIBU (Motor (Transport) Insurance Bureau of Ukraine) appealed to the National Bank of Ukraine with a proposal to increase MTPL insured amounts (maximum payment): up to UAH 160 thousand for property damage of victims, and UAH 320 thousand for harm to life and health, as well as to increase the limit of payments under the European Accident Statement to UAH 80 thousand, MTIBU reported.
19 July 2021UKRAINE: in Jan-May, MTPL market went up by 14.6%, and the number of contracts increased by 9%
From January to May 2021, the MTPL market in Ukraine grew by 14.6% to UAH 2.7 billion (~EUR 80.57 million*), Forinshurer reports according to the Motor (Transport) Insurance Bureau of Ukraine. At that MTPL GWP under e-policies increased by 59% to UAH 1.4 billion.
15 July 2021STATISTICS: UKRAINE, 1Q2021: voluntary insurance saw practically no growth, while mandatory lines grew by almost 12% y-o-y
At the end of 1Q2021, the Ukrainian insurance market grew by 4.26% y-o-y (in local currency) and amounted to UAH 12.04 billion (EUR 367.95 million), according to the data published by the National Bank of Ukraine.
30 June 2021UKRAINE: GWP of TAS insurance group for January-May increased by more than 25% y-o-y
The TAS Insurance Group, one of the leaders in the Ukrainian insurance market, increased its GWP by 25.4% y-o-y in the first five months of 2021 to UAH 967.74 million (~EUR 28.87 million*), Forinshurer said.
22 June 2021UKRAINE: The new version of the Law "On Insurance" adopted in the first reading
The Verkhovaya Rada of Ukraine adopted in the first reading the Law of Ukraine "On Insurance" No. 5315, which contains norms on the activities of insurers, insurance contracts, intermediaries, and interaction with consumers of insurance services, Forinsurer wrote.
22 June 2021UKRAINE: the number of complaints against insurers received by MTIBU in the first quarter increased by 57% compared to the previous quarter
According to the MTIBU (Motor (Transport) Insurance Bureau of Ukraine), in the first quarter of 2021, the number of complaints against actions of insurance companies received by the Bureau was 570, which is 57% more than in the previous quarter.
9 June 2021UKRAINE: MTIBU: in the first quarter, the number of settled MTPL claims increased by 10% y-o-y, and the volume of paid clams - by 21%
MTPL insurers of Ukraine in the first quarter of 2021 settled over 40 thousand insurance claims. The number of MTPL contracts concluded during this period reached 1.9 million units, which is 7.7% more y-o-y, according to the MTIBU's press release (Motor (Transport) Insurance Bureau of Ukraine).
3 June 2021UKRAINE: MetLife paid claims in the first quarter grew by almost a third y-o-y
In 1Q2021, paid claims of the largest life insurer MetLife amounted to UAH 62.2 million (EUR 1.90 million*), which is almost a third more y-o-y. The largest share in the structure of the company's paid claims fell on survivor life insurance payments (32% of the total), Forinsurer reports.
31 May 2021UKRAINE: in Jan-March ARX recorded an increase by 10% y-o-y
ARX, the leader of the Ukrainian non-life insurance market in 2020, summed up the results of the first quarter of 2021 - GWP amounted to UAH 689.7 million (~EUR 21.13 million*), which is 10% more than in the same period in 2020, Forinsurer said.
26 May 2021STATISTICS: UKRAINE, FY2020: insurers earned a record profit of UAH 2.2 billion
The Ukrainian insurance market ended 2020 with a GWP drop by almost 15%, to UAH 45.18 billion (EUR 1.3 billion), primarily due to the exit from the market of several insurers and a decrease in risk insurance in the crisis second quarter.
20 May 2021UKRAINE: the law on improving legal regulation of agroinsurance adopted in the first reading
In Ukraine, the Verkhovna Rada adopted in the first reading draft of law No. 5104 "On amendments to the Tax Code of Ukraine and other Laws of Ukraine concerning improving legal regulation of insurance of agricultural products with state support", Forinsurer reported.
20 May 2021UKRAINE: in 2020 MetLife collected a record amount of GWP
In the life insurance market of Ukraine, MetLife was again the leader in 2020 in terms of key indicators and ended 2020 with a record GWP amount of UAH 1.555 billion (EUR 44.76 million*), which is 26% more y-o-y, Forinshurer informed.
11 May 2021UKRAINE: TAS Group increased GWP in January-March by almost UAH 112 million y-o-y
In the first three months of 2021, TAS insurance group set another record in GWP collection, the amount of which reached UAH 590.18 million (~EUR 18.08 million*), which is almost UAH 112 million more than in the first quarter of 2020, Forinshurer said.
5 May 2021UKRAINE: EUROINS Ukraine for January-March generated GWP 88% more y-o-y
The Kyiv-based EUROINS Ukraine insurance company for the first three months of 2021 generated UAH 165 million (EUR 5.05 million*) of GWP, which is 88% more y-o-y, as Open4Business informs.
29 April 2021UKRAINE: non-compliance with standards in 2021 could lead to exit from the market of 30% of companies
The National Bank of Ukraine (NBU), as a regulator of the insurance market, began to apply measures to the market participants due to their failure to meet the capital adequacy and solvency standards.
27 April 2021UKRAINE: in 2020, the number of accidents caused by Ukrainian drivers abroad decreased by almost 43%
According to the MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2020, Ukrainian drivers caused 2,729 accidents recorded abroad, which is 42.6% less than in 2019, the Bureau reports.
12 April 2021UKRAINE: over the last 5 years the number of MTPL contracts increased by 22%, and GWP doubled
Over the last 5 years, the annual number of MTPL contracts in Ukraine, concluded by MTIBU members, has grown by 22% - from 6.8 million units to 8.3 million units (in 2020). At the same time, MTPL GWP doubled and amounted to UAH 6.2 billion (~EUR 0.17 billion*) in 2020, Forinshurer reports.
30 March 2021UKRAINE: MTIBU: in 4Q2020 the number of MTPL contracts, GWP, settled claims and paid claims increased
In 4Q2020, MTPL insurers of Ukraine paid out over UAH 812 million (~EUR 23.37 million*) to victims of road accidents, MTIBU (Motor Transport Insurance Bureau of Ukraine) reported in its press release.
29 March 2021UKRAINE: 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 2021
