The average insurance premium for compulsory motor third party liability insurance (MTPL) in January-March this year amounted to UAH 1.051 thousand, which is by 15.7% more than during the same period last year and by 36.8% more than in the first quarter of 2021, according to the website of Motor (Transport) Insurance Bureau of Ukraine (MTIBU). It is also noted that the average amount of payment has increased to UAH 29.020 thousand, or 30.6% compared with the first quarter of 2022, and by 44% compared with January-March 2021.
As it was reported, in Q1 2023 there were almost 1,6 mln. contracts on MTPL insurance (+14,1% and “minus” 17% respectively).
The amount of insurance payments amounted to 1,7 billion UAH (increase by 32,1% and 13,5%).
The insurance companies settled 31 thousand claims by making insurance payments (decrease by 1,7% and 27% in comparison with the figures of the similar periods of two previous years) and paid almost UAH 0,9 bn. to the victims of traffic accidents (increase by 28,4% and 4,4%).
At that the number of electronic CMTPL insurance contracts in January-March 2023 exceeded 1 mln. The share of electronic contracts in the total number of contracts amounted to 64,4%, in the total sum of premiums – 71,1%. These are the highest indices since the introduction of the electronic policy system.
The number of claims settled according to the simplified system without calling the police – “euro-protocol” increased in comparison with first quarter of 2022 by 2,9%, up to 2,7 thousand pieces. As compared to January-March 2021, the index dropped by 17.8%.
The part of claims settled by means of European prototype in total number of settled insured events continues to grow steadily: from 20,5% in Q1-2022 up to 22,5% for three months of the current year.
The amount of payments on euro-protocols has grown by 40,9% in January-March of the last year and made UAH 202,7mln. The share of claims settled by “Europrotocols” in the total amount of paid claims reached 41,0%, which is a record level.
