The average insurance premium for compulsory motor third party liability insurance (MTPL) in 2023 increased by 16.9% to UAH 1,141 thousand, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
It is noted that in 2024, the insurance premium is expected to grow by another 6.7% to UAH 1,217 thousand.
In addition, the MTIBU also forecasts a 7.7% increase in the number of MTPL insurance contracts in 2024 (in 2023, 7.6 million insurance contracts were concluded (+6.77%) compared to 2022). The total amount of insurance premiums amounted to UAH 8,750.4 million, which is 24.87% more than in 2022.
In 2023, insurance companies paid UAH 3.8 billion to victims of road accidents, which is 38.9% more than in 2022, and settled 127,837 thousand claims for insurance compensation (+15.56%). The insured event frequency ratio is 1.67, which is 8.4% more than in 2022, but less than the “pre-war” figure of 1.92 in 2021.
More than 69% of issued insurance policies in 2023 are electronic and only 31% are presented in paper form.
Over the past year, 42,158 thousand claims were settled under the direct claims settlement system (DSS) and UAH 796 million of insurance indemnity was paid. The average time to settle a loss in the DDS system is 32 days, which is almost half as long as in the general settlement system.
The MTIBU Victims’ Protection Fund amounts to UAH 3,320.28 million, accumulated through paid premiums and contributions from insurers of the Bureau’s members.
In 2023, the number of complaints against insurers from victims and policyholders decreased by 54%.
Over the past year, 1.6 million international insurance contracts were concluded, and the total amount of accrued premiums under them amounted to UAH 5.207 billion (+27.3% compared to 2022).
The number of settled claims under international insurance contracts “Green Card” in 2023 amounted to 15.122 thousand, the total amount of compensation amounted to EUR 46.66 million.
The largest number of road accidents caused by Ukrainian drivers occurred in Poland – 31%, Germany – 19%, Romania – 7%, Czech Republic – 7% and Italy – 4%.
The state specialized economic enterprise “Forests of Ukraine” on December 8 for compulsory insurance of motor civil liability of owners of land vehicles (MTPL).
As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services is 189.786 thousand UAH.
The deadline for submitting bids for the tender is December 16.
KP MMP “Mykolaivelectrotrans” on September 1 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement Prozorro.
The expected cost of the purchase of services is UAH 334 thousand.
Security of the tender offer is not required.
The deadline for submission of tender offers is September 13.
KP “Kharkiv Metro” on August 16 announced a tender for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement Prozorro.
The expected cost is UAH 137,175 thousand.
Documents for participation are accepted until August 24, 2023.
As reported, the winner of a similar tender a year earlier was IC Ukrainian Fire Insurance Company.
KP “Kharkivvodokanal” on August 15 announced a tender for compulsory insurance of civil liability of owners of land vehicles (MTPL) in the amount of 628ed.
According to the system of electronic public procurement Prozorro, the expected cost of purchase of services is UAH 2.520 million.
Proposals are accepted until August 23.
As reported, KP “Kharkivvodokanal” on July 5, 2023 reported the cancellation of the tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO) 584ed. The reason for this decision was the lack of further need for the procurement of goods, works and services.
On August 15, the state-owned enterprise NAEK Energoatom (Kyiv) announced a tender for compulsory motor third party liability insurance for owners of land vehicles (MTPL).
As reported in the Prozorro electronic public procurement system, the total expected cost is UAH 99,944 thousand.
The deadline for submitting tender documents is August 23.
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