Motor Transport Insurance Bureau of Ukraine (MTIBU) Istanbul 2012.

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Presentation transcript:

Motor Transport Insurance Bureau of Ukraine (MTIBU) Istanbul 2012

Ukraine – the Gate of Europe Population - 46 milions; Territory – 607,3 sq. km; 127 border crossing points; km/ length of roads 5 international transport corridors; Neighbours – RUS, MD, RO, SK, H, PL, BY.

Market review: number of vehicles per inhabitants (Part 1)

Market review: number of vehicles per inhabitants (Part 2)

Market review: number of vehicles per country, 2010

Number of injury road accidents per country, 2010

Number of fatalities in road accidents per country, 2010

Number of fatalities in road accidents per 1 mln. inhabitants, 2010

Number of injuries in road accidents per 1 mln. inhabitants, 2010

Obligatory limits of MTPL insurer: for the damages caused to the health of the victims – EUR per victim, without limitation as per accident; for the damages caused to the property – 4717 EUR per victim, if more than 5 victims per accident — EUR for all victims;

MTIBU members as per : 83 associated members; 13 full members.

Domestic TPL insurance «Green card» insurance MTPL insurance in Ukraine

MTPL insurance premiums – (EUR, mln.)

MTPL claims expenditure – (EUR, mln.)

Average MTPL claims ratio in Ukraine –

Domestic MTPL Market 2011 Gross written Premium 215,4 mln.EUR Number of settled claims Paid claims 86,7 mln.EUR Average Premium 25,8 EUR Average Loss: - material 932 EUR - personal 599 EUR

Average domestic MTPL claim cost – (EUR)

The structure of Domestic MTPL insurance indemnities in 2011  9 9 8% - material damage;  2 2 % - personal damage.

Green Card Market 2011 Gross written Premium 30,4 mln.EUR Number of issued “Green Cards” Number of settled claims Paid claims 9,12 mln.EUR Average Premium 45,2 EUR Average Loss 2 521,4 EUR

Claims covered by Foreign Green Cards in Ukraine TOP-5 countries of registration of the vehicle involved in accidents – №CountryNumberShare, % 1 RUS MD BY PL CZ Others Total №CountryNumberShare, % 1 RUS BY MD PL D Others Total

Claims covered by Ukrainian Green Cards abroad TOP-5 countries by the number of reported accidents –

Improvement of legislation on MTPL. Increase of insurance indemnities for personal damages. Reduction of uninsured vehicles’ market share. Elaboration of the direct settlement system for domestic market. Harmonization of the tariffs of the insurance premiums. Introduction of antidumping sanctions for insurers. Most important issues of Ukrainian MTPL insurance market

THANK YOU FOR YOUR ATTENTION Volodymyr Romanyshyn