Business news from Ukraine

NUMBER OF GREEN CARD INTERNATIONAL INSURANCE CONTRACTS IN UKRAINE 45.6% UP

The number of Green Card international insurance contracts signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 45.6% in January-July 2019 compared with January-July 2018, to 618,969.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 35.8% compared to the same period last year, to UAH 1.038 billion.
At the same time, the amount of compensation paid on claims grew by 22.41%, to EUR8.440 million, while the number of claims paid was up by 3.04%, to 3,047.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for damage caused to third parties. Its members are 51 insurance companies, including ten full bureau members having the right to sign Green Card agreements.

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NUMBER OF GREEN CARD INTERNATIONAL INSURANCE CONTRACTS IN UKRAINE UP BY 48% IN H1, 2019

The number of Green Card international insurance contracts signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 48.2% in January-June 2019 compared with January-June 2018, to 501,449.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 37.53% compared to the same period last year, to UAH 883.538 million.
At the same time, the amount of compensation paid on claims grew by 14.88%, to EUR 6.869 million, while the number of claims paid decreased by 2.26%, to 2,550.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for damage caused to third parties. Its members are 51 insurance companies, including ten full bureau members having the right to sign Green Card agreements.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 50%

The number of Green Card international insurance contracts signed by the companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 50.3% in January-May 2019 compared with January-May 2018, to 299,531.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 39.06% compared to the same period last year, to UAH 737.1 million.
At the same time, the amount of compensation paid under the claims grew by 0.44%, to EUR 4.779 million.
The number of settled claims fell by 1.04%, to 2,098.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 48.9%

The number of Green Card international insurance contracts signed by the companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 48.99% in January-March 2019 compared with January-March 2018, to 212,616.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 39.87% compared to the same period last year, to UAH 453.5 million.
At the same time, the amount of compensation paid under the claims decreased by 12.41%, to EUR 2.473 million.
The number of paid claims fell by 8.49%, to 1,229.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 13%

The number of Green Card international insurance contracts signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January 2019 increased by 12.79% compared to January 2018, to 61,104.
According to the website of the MTIBU, the amount of accrued insurance premiums for January 2019 rose by 14.55% compared to the same month last year, to UAH 147.164 million.
At the same time, the amount of claim fee payments decreased by 55.15%, to EUR417,036.
The number of paid claims was down by 48.37%, to 222.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS 6% UP

The number of Green Card international insurance contracts signed by the members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-July 2018 increased by 6.16% compared to the same period in 2017, to 425,111.
According to the MTIBU, the amount of accrued insurance premiums increased by 24.9%, to UAH 764.4 million.
The amount of insurance claim fee payments for the seven months rose by 0.6%, almost to EUR6.895 million.
The number of paid claims grew by 1.65%, to 2,957.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for harm caused to third parties. Its members are 56 insurance companies, including nine full members of the bureau that have the right to sign Green Card contracts.

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