Business news from Ukraine

Business news from Ukraine

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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Odessa customs announced tender for MTPL

Odessa Customs announced a tender for compulsory motor third party liability insurance for owners of hired vehicles on November 28, the electronic state procurement system Prozorro reports.
The expected cost is 48.3 thousand UAH.
Tender documents will be accepted until December 6 inclusive.

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Ukrainian insurers have increased number of settled MTPL cases

In July-September 2022 insurance companies – members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) settled 51.1% of claims for property damage within 60 days from the date of the accident, up 43.1% compared to Q2 this year (35.7%) .
According to the report on the website of the IASBU, the percentage of claims settled within 90 days in the 3rd quarter of 2022 increased from 46% to 62.2%, up to 120 days increased from 60.2% to 67.4%, for 365 days decreased from 96.3% to 95.9% compared with the 2nd quarter of 2022.
IASBU reports that the greatest number of payments within 60 days performs insurance companies “Universalna” -79,6% (for the 2nd quarter. 61,7%), “Unique” – 77,6% (61.1%), IC “VUSO” -76,2% (57.3%), SG “TAS” -75,5% (62,3%), “ARCS” -75,4% (62,7%), “Knyazha VIG” – 74,3% (62,6%), “ROM Ukraine” -70% (64,1%), “USG” -69% (47,7%), Alfa Insurance -67.6% (56.8%), Arsenal Insurance -66.8%, Providna -66%, Brokbusiness -65.4%, INGO – 63% (45.5%), Oranta -62.1% (38.3%), Express Strakhovanie -60.8%.
The smallest proportion of claims on MTPL within 60 days in January-September 2022 at “Oranta-Sich” -%, “UTSSK” -0,6%, “Omega” -0,9% and “Etalon” -4%.
MLSBU also reported that for the third quarter of 2022 the bureau received 294 complaints against its members, which is 19,1% less than during the quarter before (363).
MTSBU is the only association of insurers, which performs compulsory insurance of civil liability of ground transport owners for damage, caused to third parties.

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