Accrued insurance premiums under Green Card international insurance contracts concluded by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-October 2020 decreased by 29.82% compared to the same period in 2019, to UAH 1.007 billion.
As the MTIBU reported on the website, the number of Green Card agreements concluded during this period fell by 44.99%, to 511,528.
At the same time, the amount of compensations paid on claims increased by 14.79%, to EUR14.3 million, while the number of claims paid by 6.61%, to 5,049.
The MTIBU is the only association of insurers that provide compulsory insurance of civil liability of land vehicle owners for damage caused to third parties.
