UKRAINE: strong premiums increase on the motor third party liability insurance lines

For the period from January to April this year local insurers-member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased MTPL GWP, compared to the same period a year ago, by 17.2% to UAH 1.39 billion.

According to MTIBU total number of MTPL insurance policies in 4 months jumped by 1.5%, total volume of paid claims under the internal agreements increased by 20%. Growth rate of the total number of settled cases remained almost at the same level (0,2%).

Green Card segment in Ukraine after 5 months (January-May) saw growth by 27% up to UAH 530 million. Local insurers-members of MTIBU during January-May 2018 improved premiums of Green Card insurance, compared to the same period last year, by 27% to UAH 530 million. Total number of Green Card policies for 5 months increased by 3.5% and total number of settled insurance payment cases dropped by 1.7%. Total volume of paid claims under Green Card policies decreased almost by 8%, wrote the portal Forinsurer.

*EUR 1 = UAH 28.89 (30.04.2017)

EUR 1 = UAH 31.61 (30.04.2018)

**EUR 1 = UAH 29.44 (31.05.2017)

EUR 1 = UAH 30.40 (31.05.2018)

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