Business news from Ukraine

Victims of road accidents caused by Ukrainian drivers abroad for 5 months of 2024 were paid almost EUR21 mln.

27 June , 2024  

Injured in road accidents caused by Ukrainian drivers abroad in 5 months of 2024 were paid EUR20.8 mln, which is 13% more than in 5 months of 2024. 2024 EUR20.8 mln was paid out, which is 13% more than in the same period a year earlier, according to the MTSBU Facebook page.

According to the report, the number of such cases increased by 8.5% – up to 6.401 thousand. The average amount of payment varies, as accrual is made in accordance with local legislation, and insurance indemnity limits in European countries reach one million euros and in some cases may be unlimited.

For example, if a road accident occurred in Poland, the limits of compensation are: for life and health – EUR 5.21 mln, for property – EUR 1.05 mln.

MTSBU is the only association of insurers that provide compulsory civil liability insurance 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. “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.

 

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