In January of this year, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) made 643 regulatory payments from the Victims Protection Fund (VPF), which is 1.7% less than a year earlier.
According to a report on the MTIBU website, the total amount of such payments increased by 15.9% to UAH 36.3 million compared to January 2023.
The largest volume of payments – UAH 24.9 million, or 68.5% by amount and 397 by number – was for damage caused by road traffic accidents that did not have a valid MTPL policy. At the same time, the number of such payments increased by 9.8% and the amount by 18.5%.
In the reporting period, almost 99 payments amounting to UAH 6.03 million were made to drivers of privileged categories under the FOP, which is 4% less in number and 21.2% more in amount than in January last year. The share of payments to beneficiaries is 16.59% of the total amount of payments from the MTIBU Victims Protection Fund.
In January, MTIBU paid UAH 80 thousand under the liabilities of insurance companies that ceased operations and were declared bankrupt.
Under the liabilities of companies that ceased operations in the MTPL market but were declared bankrupt in accordance with the procedure established by law, payments were made at the expense of the guarantee premiums of such insurers available in the MTIBU’s guarantee fund in the amount of UAH 5.33 million.
The MTIBU also notes that the minimum amount of statutory payments for road accidents caused by an unidentified vehicle remains the same – UAH 7 thousand (in such cases, payments are made only in case of a threat to life and health).
Motor (Transport) Insurance Bureau of Ukraine (MTSBU) has made 6.763 thousand payments from the Victims Protection Fund (VPF) in January-November 2023, which is 33.2% more than in the same period of 2022. According to the MTSBU report on its website, the total amount of such payments increased by 44.6% to UAH 393.7 million compared to January-November.
The largest volume of payments – UAH 269.5 mln, or 68.5% in terms of the amount and 4.3 thousand in terms of the number of payments for damage caused by the perpetrators of road accidents who do not have a valid CMTPL insurance policy. Compared to the corresponding period of 2022, the number of such payments increased by 33%, the amount – by 89.1%.
This trend is increasing due to the socio-economic consequences of the war.
For drivers of privileged categories from the FZP during the reporting period, almost 1.1 thousand payments were made for the amount of UAH 72.9 million, which is 28.8% more in number and 46.7% more in amount than in the same period of 2022.
In January-November 2023 the MTSBU paid UAH 12,1 mln on liabilities of insurance companies that have ceased their activity and recognized as bankrupt.
For the liabilities of companies that have ceased to operate in the MTPL insurance market, but recognized bankrupt in accordance with the procedure established by law, payments were made at the expense of the guarantee contributions of such insurers in the amount of UAH 34.4 million available in the MTSBU FZP.
The MTSBU also notes that the minimum regulatory payments for accidents caused by an unidentified vehicle (such cases are paid only on the fact of threat to life and health) remain UAH 4.4 mln, and those caused by cars that were seized as a result of unlawful actions – UAH 0.22 mln.
Motor (Transport) Insurance Bureau of Ukraine, Victims Protection Fund, МТСБУ
