The number of concluded Green Card contracts in January-April 2024 decreased by 8.88% to 451.8 thousand, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
According to the report, in January-April 2024, the total accrued insurance premiums under international insurance contracts “Green Card” concluded by the member companies of the Bureau increased by 3.81% compared to the same period in 2023 – up to UAH 1.680 billion.
At the same time, the amount of compensation paid on claims increased by 21.51% to EUR 16.758 million.
The Motor Bureau also noted that while previously Green Card insurance certificates were mostly issued for a short period of up to three months, now drivers are increasingly choosing long-term or annual insurance contracts.
MTIBU is the only association of insurers that provide 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.
