In January 2024, accrued insurance premiums under Green Card international insurance contracts concluded by member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) decreased by 1.93% compared to January 2023, to UAH 422.6 million.
According to the MTIBU website, the number of Green Card contracts concluded during this period decreased by 11.3% to 113.6 thousand.
At the same time, the amount of compensation paid on claims increased by 8.25% to EUR 3.684 million, while the number of paid claims increased by 20.3% to 1.166 thousand.
MTIBU is the only association of insurers that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties.
“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence and country of vehicle registration. “The Green Card covers 45 countries in Europe, Asia and Africa.
According to the decision taken by the General Assembly of the Council of the Bureau of the International System of Motor Insurance “Green Card” in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.
