The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) can provide a certificate of accident-free driving experience required by some foreign insurance companies to conclude an auto insurance contract.
According to its website, due to changes in the conditions of stay of vehicles with Ukrainian registration and the need to register them in the countries of stay, Ukrainians have faced the impossibility of further using the Ukrainian Green Card and the need to use insurance services of foreign insurance companies.
In order to obtain information from the MTIBU’s Centralized Database (CDB) on the history of insurance under the compulsory insurance of civil liability of owners of land vehicles and participation in road accidents, an application in any form must be submitted to the MTIBU.
The application must indicate the addressee (MTIBU), the applicant’s full name, details of the document certifying the individual submitting the request, the applicant’s individual tax number, address of residence (place of stay), e-mail, vehicle make and model (optional), vehicle license plate, vehicle VIN
The written application must be signed and dated by the applicant. After that, a scanned copy or a photo in pdf-format should be sent to mtibu@mtibu.kiev.ua.
The MTIBU emphasizes that the certificates are issued free of charge. The MTIBU’s database was created in 2010. Therefore, the database does not contain complete information on MTPL contracts concluded before 2010. Due to the large number of requests, it takes some time to process such a request.
Inquiries are sent by e-mail and are certified by an electronic digital signature.
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).
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.
The average insurance premium for compulsory motor third party liability insurance (MTPL) in 2023 increased by 16.9% to UAH 1,141 thousand, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
It is noted that in 2024, the insurance premium is expected to grow by another 6.7% to UAH 1,217 thousand.
In addition, the MTIBU also forecasts a 7.7% increase in the number of MTPL insurance contracts in 2024 (in 2023, 7.6 million insurance contracts were concluded (+6.77%) compared to 2022). The total amount of insurance premiums amounted to UAH 8,750.4 million, which is 24.87% more than in 2022.
In 2023, insurance companies paid UAH 3.8 billion to victims of road accidents, which is 38.9% more than in 2022, and settled 127,837 thousand claims for insurance compensation (+15.56%). The insured event frequency ratio is 1.67, which is 8.4% more than in 2022, but less than the “pre-war” figure of 1.92 in 2021.
More than 69% of issued insurance policies in 2023 are electronic and only 31% are presented in paper form.
Over the past year, 42,158 thousand claims were settled under the direct claims settlement system (DSS) and UAH 796 million of insurance indemnity was paid. The average time to settle a loss in the DDS system is 32 days, which is almost half as long as in the general settlement system.
The MTIBU Victims’ Protection Fund amounts to UAH 3,320.28 million, accumulated through paid premiums and contributions from insurers of the Bureau’s members.
In 2023, the number of complaints against insurers from victims and policyholders decreased by 54%.
Over the past year, 1.6 million international insurance contracts were concluded, and the total amount of accrued premiums under them amounted to UAH 5.207 billion (+27.3% compared to 2022).
The number of settled claims under international insurance contracts “Green Card” in 2023 amounted to 15.122 thousand, the total amount of compensation amounted to EUR 46.66 million.
The largest number of road accidents caused by Ukrainian drivers occurred in Poland – 31%, Germany – 19%, Romania – 7%, Czech Republic – 7% and Italy – 4%.
Premier Alliance Insurance Company (formerly Salamander Ukraine, then Van Click) and Alfa Insurance Company have been expelled from the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
This decision was made at the general meeting of MTIBU members held on January 22, a participant in the meeting told Interfax-Ukraine.
The membership of Premier Alliance Insurance Company was terminated on the basis of the company’s application in connection with the termination of its activities, all its funds were transferred to Salamandra Insurance Company, Alfa Insurance Company – due to the loss of the license for compulsory motor third party liability insurance (MTPL).
As reported, on December 20, 2023, the National Bank of Ukraine revoked all insurance licenses of Premier Alliance Insurance Company PrJSC and excluded information about it from the State Register of Financial Institutions based on the company’s application.
According to the NBU, according to the insurer’s latest financial statements for the first nine months of 2023, the company’s insurance premiums amounted to UAH 14.361 million, assets amounted to UAH 62.419 million, and insurance reserves amounted to UAH 3.840 million. Premier Alliance, like Salamandra, was part of the non-banking financial group Salamandra, the ultimate beneficiary and owner of which is Yuriy Yavtushenko.
As reported, on December 14, 2023, the NBU revoked all licenses of Alfa Insurance (Kyiv) due to violation of the regulations on licensing and registration of financial service providers, namely, inconsistency of business reputation of the owners of significant participation.
According to the NBU, according to the latest filed financial statements of PrJSC “IC “Alfa Insurance” as of September 30, 2023, the company’s insurance premiums amounted to UAH 3.991 million, the value of assets – UAH 644.129 million, insurance reserves – UAH 21.053 million. The company’s market share in terms of insurance premiums amounted to 0.13%.
On December 22, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) raised tariffs for Green Card policies for those traveling abroad by 5.6%.
According to the MTIBU website, the last change in tariffs took place on September 29, downward by 3.4%, on April 21, 2023, upward by 3.15%, and on December 30, 2022, upward by 3.1%.
Since 2009, two types of Green Card policies have been sold: the whole of Europe and Moldova. Also, starting from January 1, 2016, Ukrainian Green Card policies began to operate in Azerbaijan.
Thus, according to the MTIBU, the cost of the Green Card for 15 days for traveling in Europe for cars rises to UAH 1,002 thousand (from UAH 949 thousand before), for buses – to UAH 3,766 thousand (UAH 3,567 thousand), for trucks – to UAH 2,364 thousand (UAH 2,239 thousand).
The cost of a one-month Green Card for cars is now UAH 1,595 thousand (compared to UAH 1,511 thousand before), buses – UAH 5,230 thousand (UAH 4,954 thousand), and trucks – UAH 3,138 thousand (UAH 2,972 thousand).
Semi-annual and annual Green Card policies for cars will now cost UAH 7,083 thousand and UAH 8,769 thousand, respectively, for trucks – UAH 14,855 thousand and UAH 28,036 thousand, for buses – UAH 18,307 thousand and UAH 33,999 thousand.
The cost of policies for traveling to Azerbaijan and Moldova for passenger cars for 15 days will be UAH 730 (previously UAH 691), for one month – UAH 1,074 thousand (UAH 1,017 thousand), for six months – UAH 2,462 thousand (UAH 2,332 thousand), for a year – UAH 3,506 thousand (UAH 3,321 thousand).
The amounts of single insurance premiums under contracts of international compulsory motor third party liability insurance for owners of land vehicles are set in accordance with the Resolution of the Cabinet of Ministers dated January 6, 2005 and are denominated in euros.
“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence or country of vehicle registration. It covers 44 countries in Europe, Asia and Africa.
According to the decision of the General Assembly of the Council of the Bureau of the International System of Motor Insurance “Green Card”, adopted in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.
