In January-July 2024, insurance companies – members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded almost 4.4 million contracts of compulsory insurance of civil liability of owners of land vehicles (CTP), which is 1.4% more than in the same period in 2023.
According to the data published on the MTIBU website, 3.289 million contracts were concluded in electronic form (14.2% more).
In the first seven months of 2024, the Bureau’s member companies increased the collection of insurance premiums under MTPL policies by 21.6% compared to the same period in 2023 – up to UAH 5.667 billion, including UAH 4.586 billion under electronic contracts (+34.3%).
The total amount of accrued insurance claims under domestic insurance contracts increased by 28.01% to UAH 2.714 billion, including UAH 536.4 million paid using the Europrotocol (+17.3%).
The Bureau also recorded a 14.8% increase in the number of settled claims for insurance compensation – up to 82.4 thousand, including 29.7 thousand (+4.73%) using the Europrotocol.
MTIBU is the only association of insurers in Ukraine that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties. The Bureau’s members include 33 insurance companies.
