The insurance companies of Ukraine that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-August 2018 increased collection of premiums for compulsory vehicle owners’ civil liability (OSAGO) by 21% compared with the same period in 2017, to UAH 2.962 billion. According to the MTIBU’s website, the number of OSAGO contracts for the eight months increased by 4.6%, to 5.254 million.
The total volume of insurance claim fee payments under internal insurance contracts, according to the MTIBU, rose by 14.2%, to UAH 1.404 billion. In particular, UAH 218.8 million was paid using EU accident report forms, which is 49% more than in January-August 2017. The bureau also recorded the reduction in the number of settled claims for insurance compensation by 0.05%, to 88,800, of which 24,900 (an increase of 27%) using EU accident report forms.