Showing posts from May, 2023

Complaints of car owners against insurers and what MTIBU does

Why car owners complain about insurers and what MTIBU does How well do MTPL insurers fulfill their obligations, to whom can you complain about them, and will these complaints make a difference? These are the questions that car owners face when choosing an insurer and in case of problems with payments. Volodymyr Shevchenko, Director General of MTIBU, helped us to understand these topics. How to assess the quality of work and reliability of the insurer The MTIBU website publishes a quarterly traffic light graphic. Using a simple color display, it shows an integrated assessment of each insurer based on three main indicators: "overall performance assessment", "quality of settlement", and "level of complaints". The MTIBU also prepares detailed information on the performance of each MTPL insurer on a quarterly basis (number of contracts, amount of premiums, number and amount of claims, average payment period, number and level of complaints, etc.) This data...

Car insurance: the main points

Car insurance: the main points "You call on God, but you have to do it yourself". This proverb is very applicable to the topic of risk insurance. When you buy a car, you want to think only about the positive aspects of its use. And this is correct. However, you should not forget that a car is a means of increased danger and, therefore, increased responsibility. After all, its operation involves risks of harm to the vehicle itself, its owner, and third parties. Therefore, we hope for the best, but do not forget about the need to insure our liability (possible risks and losses). The legislator also thought about this, providing for mandatory forms of insurance for vehicle owners. In addition to compulsory insurance, no one deprives car owners of the right to additionally use voluntary insurance. In this section, we will consider in detail all the most important issues that may be related to vehicle insurance. Insurance is a rather specific type of activity. Therefore, bef...

How to Start a Auto Insurance Business Auto Insurance as a Business The number of car enthusiasts and car owners is constantly increasing, which means that auto insurance services are becoming more and more in demand. It is important for a potential founder of an auto insurance business to know the basic nuances operating in this field, as well as the most important steps needed to establish an insurance agency. Auto Insurance: The Nuances of the Business If you want to start a business related to auto insurance, it is important to understand the differences between the concepts of an insurance company and an agency. In addition, it is necessary to immediately determine the areas of the insurance business that are of interest to the future owner of such a business. Thus, it can be a full-fledged insurance company specializing in concluding insurance contracts, and in addition, the scope of such a company will include the implementation of payments under the contracts. The creation...

What do I need to know about MTPL? Good drivers, if they know anything about MTPL, have never resorted to insurance companies. The main thing is that the policy is always in the glove compartment of the car. But what to do in case of a claim? MTPL is a mandatory civil liability insurance policy for vehicle owners. The peculiarity of MTPL is the compensation of losses and damages caused to another car, life and health of passengers. MTPL insurance rates are set by the state and it is forbidden to drive on the road without MTPL insurance. Universality and compulsory insurance The most important thing to know about the policy of MTPL insurance is that it regulates compensation for losses and damages that you, not the other party, caused to third parties - the vehicle, life and health of passengers who were in it. By insuring your third party liability, if you are at fault, you get rid of the burden of compensating for the damage caused. Losses caused by your actions to the other part...