The amount of accrued insurance premiums under Green Card international insurance agreements concluded by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-July 2020 decreased by 35.48% compared to the same period of 2019, to UAH 669.9 million.
According to a report on the MTIBU’s website, the number of Green Card agreements concluded during this period decreased by 43.66%, to 348,800.
At the same time, the amount of compensations paid on claims increased by 31.13%, to EUR 11.1 million, while the number of claims paid by 18.87%, to 3,622.
The MTIBU is the only association of insurers that provides compulsory insurance of land vehicle owners’ civil liability for damage caused to third parties.
