The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces new tariffs for Green Card policies for those traveling abroad from October 3, 2022, according to the Bureau’s website.
According to the report, the MTIBU recalculated the cost of “Green Card” insurance certificates downward by 5.5%.
The last change in tariffs was on July 26, 2022 upward by 26.3%.
Green Card policies have been implemented since 2009 in two types: all of Europe, Moldova. Also, from January 1, 2016, Ukrainian Green Card policies began to operate on the territory of Azerbaijan.
According to the MTIBU, the cost of a “Green Card” in Ukraine for 15 days for trips around Europe for cars is reduced to UAH 863 (previously – UAH 913), for buses – up to UAH 3,244 thousand (UAH 3,429 thousand), for trucks – up to UAH 2,037 thousand (UAH 2,153 thousand).
The cost of the “Green Card” for one month for cars is now UAH 1.375 thousand (previously UAH 1.453 thousand), buses – UAH 4.506 thousand (UAH 4.763 thousand), trucks – UAH 2.703 thousand (UAH 2.858 thousand) .
The cost of semi-annual and annual Green Card policies for cars is UAH 6,103 thousand and UAH 7,555 thousand, respectively, for buses – UAH 15,773 thousand and UAH 29,293 thousand, for trucks – UAH 12,799 thousand and UAH 24,156 thousand respectively.
The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 629 (previously UAH 665), for one month – UAH 925 (UAH 978), for six months – UAH 2,121 thousand (UAH 2,242 thousand), for a year – UAH 3,020 thousand (UAH 3,193 thousand)
The amounts of unified insurance payments under international compulsory civil liability insurance contracts for owners of land vehicles are established by the Resolution of the Cabinet of Ministers dated January 6, 2005 and are defined in euros.
“Green Card” – a system of insurance protection for victims of a traffic accident, regardless of their country of residence and the country of registration of the vehicle. The “Green Card” covers the territory of 44 countries of Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of Bureaux of the International Auto Insurance System “Green Card” in Luxembourg in May 2004, Ukraine has been a full member of this system since January 1, 2005.
The stock markets of the largest states of the Asia-Pacific region on Friday are declining following the world ones.
Stock indices of Western European countries following the session on Thursday fell to multi-month lows, the American Standard & Poor’s 500 ended trading at the lowest level since November 2020 on concerns about the state of the global economy, as well as due to increased geopolitical tensions and expectations of further monetary tightening. – credit policy of a number of major world central banks.
China’s Shanghai Composite index fell 0.3% by 8:24 pm, Hong Kong’s Hang Seng lost 0.1%.
Business activity in the industrial sector of China in September fell to 48.1 points compared to 49.5 points a month earlier, according to the Purchasing Managers’ Index (PMI), calculated by Caixin Media and S&P Global. This is the lowest level since May. A PMI value above 50 points indicates an increase in activity in the sector, below – its weakening.
Analysts, on average, expected the indicator to remain at the August level, according to Trading Economics.
Meanwhile, a similar official indicator rose to 50.1 points from 49.4 points in August, the State Statistical Office said. The indicator exceeded this level for the first time in three months.
The official PMI for services and construction fell to 50.6 points in September against 52.6 points a month earlier. Consolidated PMI fell to 50.9 points from 51.7 points. Thus, both indicators decreased to the minimum level over the past four months.
The most significant decline in quotations on the Hong Kong Stock Exchange is demonstrated by the shares of sports goods manufacturers Li Ning (-4.7%) and Anta Sports Products (-4.3%), the Internet company Meituan (-4.2%), automotive BYD (- 3.9%), online retailer JD.com (-2.9%).
The value of the Japanese Nikkei 225 fell by 2% by 08:20 Moscow time. Since the beginning of September, it has lost about 7%.
The fall leaders on Friday are shares of automakers Mazda Motor (-8.1%), Mitsubishi Motors (-7.1%), Subaru (-6%), Nissan Motor (-5.9%).
In addition, the price of securities of the investment technology SoftBank Group (-2.5%), the manufacturer of consoles Nintendo (-3.6%), Fast Retailing Co., the largest clothing retailer in Asia, is declining. (-4.3%).
The South Korean Kospi index decreased by 0.1% by 08:13 Moscow time.
Quotes of securities of one of the world’s largest manufacturers of chips and consumer electronics Samsung Electronics Co. rose 1.9%, while automaker Hyundai Motor – fell 2.2%.
Retail sales in South Korea fell by 1.8% in August compared to the previous month. The last time the growth rate was recorded in November last year.
Relative to August last year, sales increased by 2.3%, which was the first rise in three months.
On average, experts expected the first indicator to decrease by 0.1%, the second – by 0.8%.
Australia’s S&P/ASX 200 fell 1.1%, following technology stocks.
In particular, the share price of Xero Ltd (-3.9%), Wisetech Global (-5.6%) and Block Inc. decreased. (-3.3%).
The expenses of Ukrainian insurance companies on advertising and marketing in January-June 2022 increased by 29.9% compared to the same period a year earlier (UAH 38.8 million), according to the website of the National Bank of Ukraine.
In addition, administrative expenses for the reporting period amounted to UAH 2.568 billion, which is 13.1% less than in 6 months-2021, distribution costs amounted to UAH 951.8 million (+8.2%).
The cost of concluding and prolonging insurance contracts amounted to UAH 5.041 billion (-8.7%). Including expenses on agency fees decreased by 10.3% – to UAH 4.682 billion.
The cost of concluding and prolonging reinsurance contracts decreased by 36.9%, to UAH 27.5 million, including fees for brokers, by 39.6%, to UAH 25.1 million, while non-resident brokers increased by 20. 7% – up to UAH 12.8 million.
According to the regulator, over this period, expenses for the settlement of insured events decreased by 20.8% – to UAH 156.5 million. At the same time, the cost of paying for the services of appraisers decreased by 27.7%, to UAH 44.1 million.
Assistance costs decreased by 22.7% and amounted to UAH 80.9 million. At the same time, payment for the services of a non-resident assistance increased by 2 times – up to UAH 4.1 million.
It is also reported that the cost of insurers to conduct court cases for 6 months. 2022 amounted to UAH 10 million against UAH 9.9 million for the same period a year earlier.
As reported, Ukrainian insurance companies in January-September 2022 collected net premiums in the amount of UAH 17.134 billion, which is 27% less than in the same period in 2021 (UAH 23.480 billion). At the same time, the volume of gross insurance premiums amounted to UAH 17.619 billion (-28.9%). Including premiums received from individuals amounted to UAH 3.360 billion, from reinsurers – UAH 2.228 billion.
In January-June, insurers paid UAH 5.835 billion of net insurance payments (31.8% less). The level of net payments decreased from 36.4% to 34.1%. Gross insurance payments decreased by 31.8% to UAH 5.939 billion. The level of gross payments decreased from 35.1% to 33.7%.
The total number of insurance companies in Ukraine as of June 30, 2022 was 142 (6 months-2021 – 181), of which 13 (19) are “life insurance companies”. At the same time, the NBU noted that for 6 months. 2022 reports were submitted by 13 insurance companies.
Quotes of futures for US stock indices are declining due to the general decline in interest in risk in world markets.
Statistical data, published on Thursday, confirmed the contraction of US GDP in the second quarter. The country’s economy in April-June 2022 decreased by 0.6% on an annualized basis, according to the final data of the US Department of Commerce, which coincided with the previous estimate and forecasts of analysts surveyed by Trading Economics.
The number of new jobless claims in the US, meanwhile, reached its lowest level since May. The indicator decreased last week by 16,000 to 193,000 from 209,000 a week earlier, the country’s Ministry of Labor reported. Analysts, on average, expected an increase in the number of applications to 215K compared to the previously announced level of the previous week (213K), according to Trading Economics.
The price of shares of CarMax Inc., engaged in the sale of used cars, collapsed during preliminary trading by 15% due to weak reporting of the company. Last quarter, CarMax’s net income more than halved to $0.79 per share from $1.72 per share a year earlier, worse than the average forecast of experts surveyed by FactSet at $1.39 per share. Quarterly revenue increased 2% to $8.14 billion, also falling short of market expectations ($8.54 billion).
Alibaba Group Holding shares lost 3.1% after JPMorgan Chase analyst Alex Yao lowered the company’s target price to $135 from $145. The expert retained an overweight recommendation for Alibaba shares, but noted that he is cautious about the company’s outlook given the weakening consumer spending in China.
The price of Kraft Heinz Co. stable in pre-trading despite UBS’s upgraded recommendation for US food maker shares to Neutral/Sell.
The share price of Occidental Petroleum rose 0.1%. On the eve it became known that the investment company of the American billionaire Warren Buffett Berkshire Hathaway bought another 6 million shares of Occidental, increasing its share to 20.9%.
Berkshire fell 0.95%.
The share price of the American pharmacy chain Rite Aid Corp. fell by 12%. The company’s net loss in the second financial quarter ended August 27 more than tripled year-on-year to $331.3 million, or $6.07 per share, from $100.3 million, or $1.86 per share. Rite Aid wrote off $252.2 million last quarter due to a business reorganization.
The value of the December E-mini futures contract for the S&P 500 fell by 1.2% by 15:55 CST on Thursday and amounted to 3686.5 points. The quote of the December E-mini futures on the Dow Jones index decreased by this time by 0.99%, to 29456 points. Futures on the Nasdaq 100 for December fell 1.5% to 11381.25 points.
NNEGC “Energoatom” refuted the information about a fire at the second power unit of the Zaporozhye NPP, circulated in Telegram channels about an hour ago.
“We officially inform you that this is not true. As of 15:40 on September 29, 2022, no fires and fires were recorded at the power units of the Zaporozhye NPP,” the company wrote on its Telegram channel on Thursday.
World central banks, according to preliminary data, bought 19.6 tons of gold in gold reserves in August, follows from the data of the World Gold Council (WGC).
This is the fifth consecutive month of growth, although its pace is declining, said WGC analyst Krishan Gopaul.
Turkey, the biggest buyer of gold this year, added another 8.9 tons to its reserves. In total, since the beginning of the year, it has purchased 84 tons of gold and brought its volume in reserves to 478.2 tons.
Uzbekistan bought 8.7 tons of gold in August, from the beginning of the year – 19.3 tons, increasing reserves to 381.3 tons.
In third place in terms of purchases in August was Kazakhstan with 2 tons, although in total since the beginning of the year it has reduced the volume of gold in reserves by 27.6 tons, to 374.8 tons.
Gopaul notes that according to the Central Bank of Qatar, he also bought gold in August, but so far the exact figures have not been disclosed and therefore are not reflected in the WGC statistics.
