In May 2024, MTIBU (Motor Transport Insurance Bureau of Ukraine) made 806 regulatory payments from the Victim Protection Fund for a total amount of UAH 50.1 million (~EUR 1.14 million), which is 24.6% more in number and 25.7% more in amount y-o-y, Forinsurer writes.

Damage caused by owners of uninsured vehicles remains the main category of compensation payments. The number of such payments increased by 9.6%, and the amount by 14.85% y-o-y. In May 2024, the number of payments reached 491, and the amount was UAH 32.6 million.

The share of payments for uninsured vehicles in May 2024 was 60.9% of the total amount of payments vs 69.24% in 2023.

The second category is payments for drivers of preferential categories. In May 2024, 149 such payments were made in the amount of UAH 9.8 million, which is 19.2% more in number and 22% more in amount y-o-y. The share of payments for such drivers is 18.5% of the total amount of payments from the Victim Protection Fund, the source writes.

*EUR 1 = UAH 44.00 (May 31, 2024)