Business news from Ukraine

“Kharkovvodokanal” announced tender for MTPL insurance

On June 26 the communal enterprise “Kharkivvodokanal” announced a tender for compulsory civil liability insurance of vehicle owners (CMTPL) 584 units.
According to the system of electronic public procurement Prozorro, the expected value of the purchase of services is 2,157 million UAH.
Proposals will be accepted until July 6.
As it was reported, the winner of a similar tender with the insurance of 721 vehicles on MTPL with a budget of 1,386 million UAH, which was held in April 2021, was IC “Ukrainian Fire Insurance Company”.

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“Ukrposhta” announced tender for MTPL insurance

The Ukrainian state postal enterprise Ukrposhta (Kyiv) announced a tender for compulsory civil liability insurance (CMTPL) on June 13.
As reported in the electronic public procurement system “Prozorro”, the expected cost -672.354 thousand UAH.
Documents will be accepted until June 19.
As reported, the winner of a similar tender was IC “Guardian”.

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Average cost of MTPL in Ukraine at beginning of year increased by 15%

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.

Ukrposhta chose insurer for MTPL insurance

March 22 Ukrainian state postal enterprise Ukrposhta announced its intention to conclude a contract with IC European insurance alliance (Kyiv) for compulsory civil liability insurance of vehicle owners (MTPL).
As reported in the system of electronic public procurement Prozorro, the price offer of the company amounted to 249.472 thousand UAH with an expected cost of purchasing services at the tender 1.007 million UAH.
Five insurance companies took part in the tender. The finalists besides IC “ESA” were IC “Krajina” with the price offer of UAH 444,648 thousand and IC “Guardian” with UAH 294,473 thousand.
PrJSC European Insurance Alliance was founded on September 22, 1994.
Authorized capital makes UAH 55 mln.
The company is member of the Motor (transport) Insurance Bureau of Ukraine, member of the Agreement on direct settlement of losses and member of the Nuclear Insurance Pool of Ukraine.

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State-owned Ukrgazvydobuvannya announced tender for MTPL insurance

On February 6, Ukrhazvydobuvannya announced a tender for the purchase of compulsory civil liability insurance (CMTPL) for owners of land vehicles.
According to the message in the system of electronic public procurement Prozorro, the expected cost -70,388 thousand UAH.
Documents will be accepted until 14 February.

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“Vinnitsaoblenergo” will enter into an agreement with IC “Arsenal Insurance” on MTPL insurance

On January, 26th “Vinnitsaoblenergo” Joint-Stock Company announced its intention to conclude the agreement on compulsory insurance of civil liability (OSAGO) with “Arsenal insurance” Insurance Company (Kyiv).
As reported in the electronic procurement system Prozorro, the price bid was 1,127 million UAH at the expected cost of 1.147 thousand UAH.
The company was the only bidder.
IC Arsenal Insurance is the successor of IC Arsenal-Dnepr, working in Ukraine since 2005. It is presented in all regional centers and some large cities of the country.

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