Business news from Ukraine

Business news from Ukraine

Number of accidents with Ukrainian Green Cards in 9 months. 2022 increased by 50%

8 February , 2023  

The number of traffic accidents with Ukrainian Green Cards in the territory of the member states of the system in 9M 2022 was 6.118 thousand. 2022 year amounted to 6.118 thousand accidents, which is 50% more than during the same period a year earlier, according to information from the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
It is also noted that this is associated with the mass evacuation of Ukrainian citizens abroad as a result of military aggression of the Russian Federation.
According to MTSBU information the largest number of accidents occurred in Poland – 2.281 thousand (37.3% of total), in Germany – 1.056 thousand (17.3%), in Romania – 396 (6.5%).
As reported, the written premiums on international insurance contracts “Green Card”, which were concluded by member companies of MTSBU in January-September 2022, increased by 2.38 times compared with the same period of 2021, up to UAH 2.905 bn. The number of contracts concluded increased by 2.1 times, up to 1.205 million.
At the same time the amount of compensations paid on claims increased by 42.6% up to EUR13.685 mln, and the number of paid claims increased by 35.9% up to 5.143 ths.
“Green Card is a system of insurance protection for victims of road accidents, regardless of their country of residence and country of registration of the vehicle. “Green Card covers the territory of 47 countries in Europe, Asia and Africa.
According to the decision made by the General Assembly of the Bureau Council of the international “Green Card” auto insurance system in Luxemburg in May 2004, Ukraine since January 1, 2005 is a full member of this system.