In January of this year, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) made 643 regulatory payments from the Victims Protection Fund (VPF), which is 1.7% less than a year earlier.
According to a report on the MTIBU website, the total amount of such payments increased by 15.9% to UAH 36.3 million compared to January 2023.
The largest volume of payments – UAH 24.9 million, or 68.5% by amount and 397 by number – was for damage caused by road traffic accidents that did not have a valid MTPL policy. At the same time, the number of such payments increased by 9.8% and the amount by 18.5%.
In the reporting period, almost 99 payments amounting to UAH 6.03 million were made to drivers of privileged categories under the FOP, which is 4% less in number and 21.2% more in amount than in January last year. The share of payments to beneficiaries is 16.59% of the total amount of payments from the MTIBU Victims Protection Fund.
In January, MTIBU paid UAH 80 thousand under the liabilities of insurance companies that ceased operations and were declared bankrupt.
Under the liabilities of companies that ceased operations in the MTPL market but were declared bankrupt in accordance with the procedure established by law, payments were made at the expense of the guarantee premiums of such insurers available in the MTIBU’s guarantee fund in the amount of UAH 5.33 million.
The MTIBU also notes that the minimum amount of statutory payments for road accidents caused by an unidentified vehicle remains the same – UAH 7 thousand (in such cases, payments are made only in case of a threat to life and health).
MTIBU, Victims Protection Fund
