Business news from Ukraine

Business news from Ukraine

State Customs Service of Ukraine has announced tender for compulsory motor third-party liability insurance

The State Customs Service of Ukraine has announced a tender for the purchase of compulsory motor third-party liability insurance services.

According to a notice in the Prozorro electronic public procurement system, the expected cost of the services is UAH 90,589 thousand. Documents will be accepted until August 19.

 

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Kyivpastrans announced tender for compulsory motor third-party liability insurance with budget of over UAH 25 million

On August 8, the municipal enterprise Kyivpastrans announced a tender for compulsory motor third-party liability insurance for owners of land vehicles (OSAGO) of categories D1, D2, 1,145 units.

According to the Prozorro electronic public procurement system, the expected cost of the services is UAH 25.054 million.

Applications for participation in the tender will be accepted until August 18.

 

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VUSO Insurance Company will insure Kirovogradoblenergo under compulsory motor third party liability insurance

On June 19, Kirovogradoblenergo announced its intention to conclude a contract with VUSO Insurance Company for compulsory motor third party liability insurance. According to the Prozorro electronic procurement system, the expected price for the services was UAH 900,000. The company’s price offer was UAH 682,053.

The company won a similar tender a year ago. VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the National Association of Insurance Companies of Ukraine, a participant in the agreement on direct settlement of losses, and a member of the Nuclear Insurance Pool.

 

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Ukrainian insurers reduced the number of MTPL contracts by 22% in 9 months

In January-September 2022, insurance companies – members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 5.228 million contracts of compulsory civil liability insurance of motor vehicles owners (CMTPL), which is 22.9% less than during the same period of 2021.
According to data released on the website of MTSBU, 3.184 million of the total number of contracts were concluded electronically – 3.86% less than for the same period last year.
During nine months of 2022 the Bureau members reduced the amount of insurance payments on CMTPL policy by 5,8% compared to the same period of 2021 – up to UAH 4,962 billion, including UAH 3,346 billion (+17%) on electronic contracts.
The total of accrued insurance reimbursements under domestic insurance contracts in January-September reduced by 22,77% – up to UAH 2,015 bn. Including UAH 414,562 mln. was paid out using the “Europrotocol (-14,54%).
The Bureau has also reduced the number of settled claims for insurance compensation by 34.2% – to 82.795 thsd. – up to 32,583 thousand (-28,23%).
MLIBU is the only union of insurers providing compulsory insurance of civil liability of ground transport owners for damages, caused to third parties. There are 42 insurance companies that are members of the bureau.

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IC “Universalnaya” insured vehicles of State Emergency Service in Zhytomyr region under OSAGO

The Main Directorate of the State Service of Ukraine for Emergency Situations in the Zhytomyr region and IC “Universalna” (Kyiv) signed an agreement for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO) in the amount of 261 units.
According to the Prozorro electronic public procurement system, the expected cost of purchasing services was UAH 590,963 thousand, the company’s price offer was UAH 306,328 thousand.
The IC “Kraina” took part in the tender with a price offer of 305 thousand UAH and MK “Prince VIG” – 353.1 thousand UAH.
As reported, IC “Universalnaya” has an international composition of shareholders, in particular, the European Bank for Reconstruction and Development (owns 30% of shares) and Fairfax Financial Holdings Limited (owns 70% of shares).

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Experts presented list of leading insurers in OSAGO

The leaders in terms of premiums collected under compulsory motor third party liability insurance (OSAGO) contracts in the second quarter of 2022, as in the previous one, were IG TAS and NJSIC Oranta, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU).
At the same time, according to the published data, there have been a number of changes in the TOP-10 leading insurers of Ukraine for this type of insurance. The Ukrainian Fire and Insurance Company, which occupied the eighth position in the first quarter, left the TOP-10.
In addition, IC Euroins Ukraine returned to the top 10 sellers of OSAGO from the top ten in terms of collected premiums, IC Guardian rose from 10th position to seventh, USG – from seventh to fifth.
MTIBU is the only association of insurers that provides compulsory insurance of civil liability of land vehicle owners for damage caused to third parties. MTIBU members are 42 insurance companies.

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