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;

170 000 km/ length of roads

5 international transport corridors;

Neighbours – RUS, MD, RO, SK, H, PL, BY.

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Market review: number of vehicles per 1 000 inhabitants (Part 1)

Market review: number of vehicles per 1 000 inhabitants (Part 2)

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Market review: number of vehicles per country, 2010

Number of injury road accidents per country, 2010

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350 000

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Number of fatalities in road accidents per country, 2010

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

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

Obligatory limits of MTPL insurer:Obligatory limits of MTPL insurer:

• for the damages caused to the health of the victims – 9 434 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 — 23 585 EUR for all victims;

MTIBU members as per 01.01.2012:

• 83 associated members;

• 13 full members.

Domestic TPL insurance

«Green card» insurance

MTPL insurance in UkraineMTPL insurance in Ukraine

MTPL insurance premiums – 2005-2011 (EUR, mln.)

MTPL claims expenditure – 2005-2011 (EUR, mln.)

Average MTPL claims ratio in Ukraine – 2005-2011

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2005 2006 2007 2008 2009 2010 2011

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Domestic MTPL Market 2011

Gross written Premium 215,4 mln.EUR

Number of settled claims 104 360

Paid claims 86,7 mln.EUR

Average Premium 25,8 EUR

Average Loss:

- material 932 EUR

- personal 599 EUR

Average domestic MTPL claim cost – 2005-2011 (EUR)

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486

563

655

752

827

922

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The structure of Domestic MTPL insurance indemnities in 2011

98% - material damage; 2% - personal damage.

Green Card Market 2011

Gross written Premium 30,4 mln.EUR

Number of issued “Green Cards” 673 111

Number of settled claims 3 617

Paid claims 9,12 mln.EUR

Average Premium 45,2 EUR

Average Loss 2 521,4 EUR

Claims covered by Foreign Green Cards in UkraineTOP-5 countries of registration of the vehicle involved in accidents –

2010-2011

2010

№ Country Number Share, %

1 RUS 234 27

2 MD 146 17

3 BY 129 15

4 PL 85 10

5 CZ 46 5

6 Others 231 27

  Total 871 100

2011

№ Country Number Share, %

1 RUS 410 39

2 BY 116 11

3 MD 115 11

4 PL 104 10

5 D 47 4

6 Others 261 25

  Total 1 053 100

Claims covered by Ukrainian Green Cards abroadTOP-5 countries by the number of reported accidents – 2005-2011

1147

914

1777

953

578

607

497

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832

797

523

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618

668

767

616

311

328

194

640

388

278

209

108

397

96

695

741

664

619

611

1355

856

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2005

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2011

PolandItalyGermanyHungaryOther

• 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 Most important issues of Ukrainian MTPL insurance marketinsurance market

THANK YOUFOR YOUR

ATTENTION

Volodymyr Romanyshyn