Ukraine: GWP on MTPL insurance up by 7.6%, while reported claims grew by 26.8%

In 3Q 2017, the GWP on MTPL insurance in Ukraine increased by 7.6%, to UAH 2.8 billion compared to the 3Q2016. According to the local Motor Insurance Bureau, 55 insurers were providing MTPL insurance in Ukraine, Forinsurer said.

In the reporting period, the number of concluded MTPL agreements has increased by 4.8% to 5.6 million units. On the same note, the number of MTPL agreements, which have been terminated before the expiration date increased to 33,275 units, for which over UAH 13.2 millions of insurance premiums were returned to customers.

The average MTPL premium was of UAH 491.

In January- September 2017, the volume of reported claims went up by 26.8% to UAH 1.5 billion, including UAH 65.3 thousands for damages caused to health and life and UAH 1.4 billion for property damages. The total amount of transferred funds as insurance payments totaled UAH 1,4 billion, including UAH 45.5 million for damages caused for life and health and UAH 1.3 billion for property damages.

About UAH 173.3 million, up to 62.7% have been paid for accidents settled by amicable report, was noted in the Motor Insurance Bureau report.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles


AIG Life Limited (UK) announces the appointment of a new CEO

AIG Life Limited (UK) announced the appointment of Philip WILLCOCK - the former CEO of AVIVA's Indonesian and Italian ventures - as CEO, subject to regulatory approval, effective March 1, 2019. He will be based in London and will report to Adam WINSLOW, CEO, International, Life & Retirement.


Sylva de FLUITER takes over as head of UNIQA Re AG

Sylva de FLUITER will take over as head of UNIQA Re AG in Zurich as of 1 January 2019, the Austrian group announced. Until year end she will work hand in hand with long-time Managing Director Hans Uwe MULLER, who will retire after 14 years at UNIQA Re.


MERCER to name Bala VISWANATHAN Chief Operating Officer

MERCER, the consulting subsidiary of MMC - Marsh & McLennan Companies, announced that Bala VISWANATHAN, CEO of Jardine Lloyd Thompson Group plc (JLT) UK & Ireland Employee Benefits, will join MERCER as Chief Operating Officer.



Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.


IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.


See all