In January 2024, insurance companies-members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 556,241 thousand contracts of compulsory insurance of civil liability of owners of land vehicles (CTP), which is 1.37% less than in the same period in 2023.
According to the data published on the MTIBU website, 411 thousand contracts were concluded in electronic form, which is 14.31% more than in January last year.
In January 2024, the Bureau’s members increased the collection of insurance premiums under MTPL policies by 19.25% compared to the same period in 2023 – up to UAH 706.7 million, including UAH 560 million (+34.05%) under electronic contracts.
The total amount of accrued insurance claims under domestic insurance contracts increased by 40.7% to UAH 400.7 million, including UAH 81.951 million paid using the Europrotocol (+23.02%).
The Bureau also recorded an increase in the number of settled insurance claims by 22.2% to 12,498 thousand, including 4,550 thousand (+5.25%) using the Europrotocol.
MTIBU is the only association of insurers in Ukraine that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties. The Bureau’s members include 35 insurance companies.
In 2023, TAS Insurance Group (Kyiv) collected UAH 3.540 billion in premiums under insurance contracts, which is 45.5% more than in 2022.
According to the company’s website, in particular, the insurer collected UAH 723.23 million in insurance payments under hull insurance contracts, which is 41% higher than in 2022 and accounts for 20.43% of total premiums.
In turn, UAH 1.150 billion of payments (+35.8%) were made for MOTPL, which is 32.48% of the total premiums for the year. Sales of the Green Card increased even more significantly, by 78.2%, to UAH 856.74 million, or 24.2% of the company’s total payments for the year.
At the same time, the share of VHI in the insurer’s portfolio amounted to 10.93% last year. Under voluntary health insurance contracts, TAS Group attracted UAH 386.91 million in premiums, which is 46.7% more than in 2022.
The company’s payments under property insurance contracts amounted to UAH 84.42 million, which is 13.8% higher than the corresponding figure for the year before last, and UAH 338.78 million of payments under other contracts (+33%).
As reported, in 2023, TAS IG paid a total of UAH 1.341 billion under the concluded insurance contracts, which is 48.3% more than the company’s indemnities for 2022.
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.
In 2023, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.563 billion in net premiums, which is 40.8% more than in 2022, according to the insurer’s interim data posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
At the same time, written premiums for the reporting period increased by 46.1% to UAH 1.869 billion. UAH 53.215 million was ceded for reinsurance, which is half as much as a year earlier.
In 2023, the company paid claims in the amount of UAH 713.490 million, which is 78.2% more than in 2022.
Gross profit increased by 19.7% to UAH 848.982 million, administrative expenses by 26.4% to UAH 277.7 million, and sales expenses by 24.1% to UAH 491 million.
The financial result before taxation for the past year amounted to UAH 103.752 million, while a year earlier it was UAH 205.406 million.
The company also reports that it ended 2022 with a net profit of UAH 46.479 million, which is 2.4 times less than in 2022.
PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).
In 2023, ARX Insurance Company (ARX Kyiv) made insurance payments in the amount of UAH 1.384 billion, which is 33.07% more than a year earlier.
According to the company’s Facebook page, in December 2023, the company paid UAH 131.025 million to its clients, including UAH 67.632 million in voluntary motor hull insurance, UAH 14.456 million in compulsory motor third-party liability insurance, UAH 36.196 million in voluntary health insurance, and UAH 2.963 million in Green Card insurance.
As reported, ARX Insurance Company has been operating in the insurance market for 26 years. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
In 2023, Express Insurance (Kyiv) paid insurance claims in the amount of UAH 331.1 million, which is 41.5% more than in 2022.
According to the company’s information, payments for hull insurance amounted to UAH 288.5 million, which is 39.4% more than in 2022, MTPL – UAH 31.5 million (+42.3%), VHI – UAH 6.5 million, which is 2.5 times more than last year.
Payments on other types of insurance amounted to UAH 4.6 million (+98.6%).
The company also reports that in December 2023, it paid UAH 33.1 million to customers, which is UAH 6.6 million more than the same period last year. In particular, payments for motor hull insurance for the past year amounted to UAH 29.8 million (+33.6%), for MTPL – UAH 2.8 million (-19.4% compared to December 2022).
Express Insurance ALC was founded in 2008 with the participation of UkrAVTO Corporation. Since April 2012, it has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
In January-November 2023, Guardian Insurance Company (Kyiv) collected insurance premiums in the amount of UAH 1.2 billion, which is 47.67% more than in the same period of 2022.
According to the insurer’s website, for 11 months of this year, the company paid UAH 344.55 million to customers, which is 2.4 times more than in the same period last year.
Guardian has been operating in the insurance market since 2007. It is a member of the Presidium of the League of Insurance Organizations of Ukraine. In January 2020, it received the status of a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) and is authorized to sell Green Card policies.
In October 2020, by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine, Guardian Insurance Company became a member of the Nuclear Insurance Pool.
