UKRAINE’S INSURERS RAISE PREMIUM COLLECTION BY 20%

Some Insurance Companies in Ukraine that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in the first Quarter of 2018 increased their Insurance Premiums collection on compulsory Insurance of Vehicle owners civil liability (OSAGO) by 19.8% compared to UAH 1. 801 billion in 2017. The number of OSAGO Contracts from January to may this year grew by 3.57 to 3. 249 million.

The MTIBU is the only association of Insurers that carry out compulsory for harm caused to third parties. Its members are 56 Insurance companies but only nine of them are full members with the rights to sign Green Card contracts.

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