In January-October 2022, GWP of the insurers-members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) on MTPL policies decreased by 4.53% to UAH 5.6 billion (~EUR 152.63 million), including premiums on electronic contracts, which amounted to UAH 3.8 billion (+18% ), Forinsurer reports, citing the Bureau.

In the first 10 months of 2022, the member insurers concluded 5.866 million MTPL contracts, which is 22% less than in the same period in 2021. Of the total volume of contracts, 3.599 million units were issued in electronic format, which is 3.22% less y-o-y.

MTIBU recorded a decrease in the number of settled insurance claims by 34.1% to 91.5 thousand, including those using the European Accident Statement - to 35.9 thousand (-29%).

Total volume of paid claims for 10 months decreased by 22.9% to UAH 2.25 billion, of which UAH 464.9 million were paid using the European Accident Statement (-14.5%).

*EUR 1 = UAH 36.69 (01.11.2022)