Business news from Ukraine

Business news from Ukraine

Express Insurance’s payments under compulsory motor third-party liability insurance rose by 16% in January

In January 2026, Express Insurance settled 250 insurance claims under compulsory motor third-party liability insurance (CMTPL), taking into account direct settlements in the amount of UAH 11.9 million, which is 16% more than in December 2025, according to the insurer’s website.

It is also noted that in 48% of cases, the victims filed insurance claims with the participation of the police, and another 52% were filed under the Europrotocol procedure, with the maximum compensation amounting to UAH 131,500. Among the insurance claims settled in December, the largest payout involving the police was UAH 296,000 for damage to health and UAH 250,000 for damage to property.

In cases settled under the Europrotocol procedure, the maximum compensation amount was UAH 176,500.

Express Insurance LLC was founded in 2008 with the participation of the leader of the Ukrainian automotive market, UkrAvto Group. The company specializes in auto insurance.

The company is represented in more than 60 sales outlets throughout Ukraine and is actively expanding its network of partner service stations, which currently number more than 140.

 

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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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