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.
