UKRAINE: from January to September MTPL premiums went up by 20.6%

For the period from January to September 2018 MTPL premiums of MTIBU members in Ukraine went up by 20.6% y-o-y and amounted to UAH 3.3 billion, said Forinsurer.

Paid claims for 9 months this year increased by 12.5% to UAH 1.5 billion, at that paid claims under euro protocol went up by 47% y-o-y. Total number of MTPL policies during the period under consideration increased by 4.4% y-o-y to 5.8 million units. MTIBU pointed out annual reduction of the volume of settled claims by 0.9%.

According to Insurance TOP, the market leaders in terms of MTPL GWP are TAS (MTPL premiums in the insurer's portfolio account for almost 35%), ORANTA (MTPL share in the portfolio is about 61%) and UPSK. In terms of paid claims the leaders are also TAS (~UAH 138 million), ORANTA (UAH 127 million) and PROVIDNA (UAH 115 million).

*EUR 1 = UAH 33.128775 (as of 30.09.2018)

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