KYIV. March 10 (Interfax-Ukraine) – Insurance companies in Ukraine in 2016 increased OSAGO premium collection by 14.7% compared to 2015, to UAH 3.407 billion.
According to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), the number of OSAGO contracts for the past year increased by 3.3%, to 7.049 million.
According to the MTIBU, the total volume of insurance claim fee payments under internal insurance contracts for the year increased by 29%, to UAH 1.405 billion. Of these, UAH 151.688 million was paid using Europrotocols, which is 2.09 times more than in 2015.
The bureau also recorded an increase in the number of regulated claims for insurance compensation – by 20.6%, to 119,186, of which 20,487 using Europrotocols.
The Motor (Transport) Insurance Bureau of Ukraine is the only association of insurers, conducting compulsory insurance of civil liability of vehicle owners for harm caused to third parties. The bureau members are 54 insurance companies.
