From January 1, 2025 the international certificate “Green Card” will be valid only on the next day after its registration and entering into the Unified Centralized Database of the MTSBU. According to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), such a norm is enshrined in the new law on CMTPL insurance, coming into force from the beginning of next year.
Previously, drivers had the opportunity to issue an insurance certificate “Green Card”, which began its effect on the day of its registration, just before crossing the state border.
In addition, it is reported that from January 1, 2025 free pricing will be introduced for all liability insurance contracts for drivers. This also applies to “Green Card” insurance certificates.
Today, pricing is regulated by the state by establishing uniform amounts of insurance payments, which insurance companies are obliged to apply in tariff setting.
“Starting from January 1, these restrictions will be abolished, and insurance companies will be able to independently determine the parameters that will affect the formation of the cost of policies, based on their own underwriting models and insurance portfolios, as well as other factors relating to the risks caused by the occurrence of an insured event,” the report says.
Another innovation from the beginning of next year will be the full-fledged operation of the electronic certificate of “Green Card” in all member countries of the system. That is, drivers will be able to present the insurance certificate in digital form, saving it, for example, in a PDF file on a mobile device in any country that is part of the insurance system.
At the same time, the MTSBU recommends Ukrainian drivers to print and keep the certificate in paper format before going abroad to present it at the request of authorized foreign regulatory authorities.
“Green Card” – a system of insurance protection of victims in a road traffic accident regardless of the country of their residence and registration of vehicles of the country. It is distributed on the territory of 44 countries in Asia and Europe.
In accordance with the decision of the Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine since January 1, 2005 is an integral system.
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased tariffs for Green Card policies for vehicles traveling abroad by 5% from 00:00 on July 19.
All insurance premiums under the compulsory motor third party liability insurance contracts established by the Cabinet of Ministers’ resolution of January 6, 2005, will remain in euros.
According to the MTIBU website, the cost of a Green Card policy for 15 days for cars will be UAH 1,214 thousand (previously UAH 1,156 thousand), for buses – up to UAH 4,542 thousand (UAH 4,325 thousand), and for trucks – up to UAH 2,598 thousand (UAH 2,474 thousand) starting July 19.
The cost of the Green Card for one month for cars is UAH 1,934 thousand (vs. UAH 1,841 thousand), for buses – UAH 6,342 thousand (UAH 6,039 thousand), for trucks – UAH 3,794 thousand (UAH 3,613 thousand).
Semi-annual and annual Green Card policies for cars will now cost about UAH 10,120 thousand and UAH 13,493 thousand (previously UAH 9,636 thousand and UAH 12,849 thousand), for trucks – UAH 17,019 thousand and UAH 32,196 thousand, for buses – UAH 22,129 thousand and UAH 41,110 thousand.
The cost of policies for traveling to Azerbaijan and Moldova is also increased by 5%. Thus, for cars for 15 days it is UAH 802 (previously UAH 764), for one month – UAH 1,180 thousand (UAH 1,124 thousand), for six months – UAH 2,706 thousand (UAH 2,577 thousand), for a year – UAH 3,853 thousand (UAH 3,669 thousand).
The last change in tariffs was on May 20, 2024, upward by 3.2%, on March 15, 2024, for cars – an increase of 11.8% in 15 days and 41.9% for the year, on December 22, 2023, upward by 5.6%, on September 29, downward by 3.4%, on April 21, 2023, upward by 3.15%, on December 30, 2022, upward by 3.1%.
Reportedly, the latest Green Card policies have been sold since 2009 in two types: all of Europe and Moldova. Also, as of January 1, 2016, Ukrainian Green Card policies started operating in Azerbaijan.
“Green Card is a system of insurance protection for victims of road accidents regardless of their country of residence and vehicle registration. It is available in 44 countries in Asia and Europe.
The number of concluded contracts “Green Card” in January-June 2024 decreased by 8.7% – to 716.7 thousand, according to the website of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU).
According to the message, in general, accrued insurance premiums under such contracts for the first half of the year increased by 4.7% compared to the same period of 2023 – up to UAH 2.661 billion.
At the same time, the amount of claims paid increased by 19.04% to EUR 26.1 mln, while the number of paid claims increased by 12.8% to 8.028 thousand.
MTSBU also notes that if earlier “Green Card” policies were issued more for a short term of up to 3 months, now more and more drivers choose long-term or annual insurance contracts.
MTSBU is the only association of insurers carrying out 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. It covers the territory of 45 countries in Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.
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.
Motor (Transport) Insurance Bureau of Ukraine (MTSBU) from 00:00 hours on May 20 increases tariffs for “Green Card” policies for vehicles traveling abroad by 3.2%.
Amounts of single insurance payments under contracts of international compulsory civil liability insurance of owners of land vehicles are established by the resolution of the Cabinet of Ministers of January 6, 2005 and are defined in euros.
As reported on the website of the ITSBU, for trips within the territory of the member countries of the international system of automobile insurance “Green Card” the cost of the policy from May 20 for 15 days for passenger cars increases to UAH 1,156 thousand (from UAH 1,120 thousand), for buses – to UAH 4,325 thousand (from UAH 4,190 thousand), for trucks – to UAH 2,474 thousand (UAH 2,397 thousand).
The cost of “Green Card” for one month for cars will be UAH 1,841 thousand (against UAH 1,783 thousand), buses – UAH 6,039 thousand (UAH 5,849 thousand), trucks – UAH 3,613 thousand (UAH 3,499 thousand).
Semi-annual and annual policies “Green Card” for cars will now cost respectively 9,636 thousand UAH and 12,849 thousand UAH (previously 9,334 thousand UAH and 12,446 thousand UAH), for trucks – 16,206 thousand UAH and 30,658 thousand UAH, for buses – 21,072 thousand UAH and 39,147 thousand UAH.
The cost of policies for trips to Azerbaijan and Moldova also increases by 3.2%. So for cars for 15 days it will amount to UAH 764 (previously – UAH 740), for one month – UAH 1,124 thousand (UAH 1,089 thousand), for six months – UAH 2,577 thousand (UAH 2,496 thousand), for a year – UAH 3,669 thousand (UAH 3,554 thousand).
The last change of tariffs was March 15, 2024 for cars increase by 11.8% for 15 days and 41.9% for a year, December 22, 2023 upward by 5.6%, September 29 downward by 3.4%, April 21, 2023 upward by 3.15%, December 30, 2022 upward by 3.1%.
As reported, the sum of “Green Card” policies have been realized since 2009 of two types: the whole of Europe and Moldova. Also from January 1, 2016 Ukrainian policies “Green Card” began to operate in the territory of Azerbaijan.
“Green Card” is a system of insurance protection for victims of road traffic accidents regardless of the country of their residence and the country of vehicle registration. It is distributed on the territory of 44 countries of Europe, Asia and Africa.
According to the decision of the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” adopted in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.
Due to the fault of foreign drivers with a valid insurance contract “Green Card” last year in Ukraine there were 315 road accidents (RTA).
As reported in Facebook Motor (transport) Insurance Bureau of Ukraine, according to the law of Ukraine on compulsory insurance of motor liability, in such cases the damage to the injured driver is compensated at the expense of the Insurance Guarantee Fund of the MTSBU.
“Such regulatory payment is carried out on the terms and amounts established by the legislation of Ukraine and the principles of mutual settlement of damage on the territory of the member countries of the international system of automobile insurance “Green Card”, it is noted in the message.
ITSBU is the only association of insurers carrying out compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties.
“Green Card” – a system of insurance protection of victims in a traffic accident regardless of the country of their residence and the country of registration of the vehicle. “Green Card” covers the territory of 45 countries in Europe, Asia and Africa.
According to the decision adopted by the General Assembly of the Council of the Bureau of the International Motor Insurance System “Green Card” in Luxembourg in May 2004, Ukraine is a full member of this system since January 1, 2005.
auto insurance, car insurance, DRIVERS, GREEN CARD, insurance bureau
