Starting September 29, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) will reduce tariffs for Green Card policies for those traveling abroad by 3.4%, according to its website.
According to the MTIBU, the last change in tariffs was on April 21, 2023, upward by 3.15%, on December 30, 2022, upward by 3.1%, before that they were also raised on November 17 by 6.9% after a decrease of 5.5% on October 3, before that, on July 26 of the same year, they were raised by almost a quarter (by 26.3%).
Since 2009, two types of Green Card policies have been sold: for the whole of Europe and Moldova. Also, starting from January 1, 2016, Ukrainian Green Card policies began to operate in Azerbaijan.
Thus, according to the MTIBU, the cost of the Green Card for 15 days for traveling in Europe for cars is reduced to UAH 949 (from UAH 982 previously), for buses – to UAH 3,567 thousand (UAH 3,691 thousand), for trucks – to UAH 2,239 thousand (UAH 2,317 thousand).
The cost of a one-month Green Card for cars is now UAH 1,511 thousand (compared to UAH 1,564 thousand before), buses – UAH 4,954 thousand (UAH 5,126 thousand), and trucks – UAH 2,972 thousand (UAH 3,075 thousand).
Semi-annual and annual Green Card policies for cars will now cost UAH 6,709 thousand and UAH 8,306 thousand, respectively, for trucks – UAH 14,070 thousand and UAH 26,566 thousand, for buses – UAH 17,340 thousand and UAH 32,204 thousand.
The cost of policies for traveling to Azerbaijan and Moldova for passenger cars for 15 days will be UAH 691 (previously UAH 715), for one month – UAH 1,017 thousand (UAH 1,052 thousand), for six months – UAH 2,332 thousand (UAH 2,413 thousand), for a year – UAH 3,321 thousand (UAH 3,436 thousand).
The amounts of single insurance premiums under contracts of international compulsory motor third party liability insurance for owners of motor vehicles were established by a resolution of the Cabinet of Ministers dated January 6, 2005 and are denominated in euros.
“Green Card is a system of insurance coverage for victims of road traffic accidents, regardless of their country of residence or country of vehicle registration. It covers 44 countries in Europe, Asia and Africa.
According to the decision of the General Assembly of the Council of the Bureau of the International System of Motor Insurance “Green Card”, adopted in Luxembourg in May 2004, Ukraine became a full member of the system on January 1, 2005.
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces new tariffs for Green Card policies for those traveling abroad from July 26, 2022, according to the Bureau’s website.
According to a message on the bureau’s website, MTIBU has recalculated the cost of Green Card insurance certificates, which are being introduced upward by 26.3%.
The last change in tariffs was on July 18, 2022, downward by 4.4%.
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 rises to UAH 913 (previously – UAH 723), for buses – up to UAH 3,429 thousand (UAH 2,715 thousand), for trucks – up to UAH 2.153 thousand (UAH 1.705 thousand).
The cost of the “Green Card” for one month for cars is now UAH 1.453 thousand (previously UAH 1.150 thousand), buses – UAH 4.763 thousand (UAH 3.772 thousand), trucks – UAH 2.858 thousand (UAH 2.263 thousand) .
The cost of semi-annual and annual Green Card policies for cars is UAH 6,451 thousand and UAH 7,986 thousand, respectively, for buses – UAH 16,673 thousand and UAH 30,964 thousand, for trucks – UAH 13,529 thousand and UAH 25,534 thousand respectively.
The cost of policies for trips to Azerbaijan and Moldova for cars for 15 days will be UAH 665, for one month – UAH 978, for six months – UAH 2.242 thousand, for the year – 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 Cabinet of Ministers on 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 47 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.
In January 2022, member insurance companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 590.5 thousand contracts of compulsory civil liability insurance of land vehicle owners (OSAGO), which is 1.04% more than in January 2021.
According to the data published on the MTIBU website, out of the total volume of contracts, 273.3 thousand were concluded in electronic form, which is 5.05% more than in the first month of 2021.
Members of the Bureau increased the collection of insurance payments under OSAGO policies by 16.68% compared to the same period last year – up to UAH 522.7 million, including for electronic contracts – in the amount of UAH 271.2 million, which is 23.16% more, than a year earlier
The total amount of accrued insurance claims under internal insurance contracts for January 2022 increased by 9.72% to UAH 287.2 million. Including UAH 57.4 million was paid using the Europrotocol, which is 19.3% more than a year earlier.
The Bureau also recorded an increase in the number of settled claims for insurance compensation by 4.93% – up to 13.461 thousand, including 5.221 thousand (+14.2%) using the “Europrotocol”.
MTIBU is the only association of insurers that provides compulsory insurance of civil liability of owners of ground vehicles for damage caused to third parties. Bureau members are 49 insurance companies.
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) fulfills its international obligations and functions in war conditions.
“We are all facing the tragic and unique situation of the war initiated by the Russian Federation in Ukraine: we now have one National Bureau (MTIBU), which is a member of the board of the Green Card Bureau, is under fire, but still continues to work. It seems fantastic and almost unbelievable, but yes – it’s true: under all these circumstances, cooperation with MTIBU continues, despite the dramatic reality,” said Sandra Schwartz, President of the Board of the Green Card Bureau, in an exclusive interview with the analytical publication XPrimm.
According to her, according to MTIBU, the war in Ukraine caused a huge flow of refugees who left the country, many of them travel by car. Thus, while promoting a general consolidation of efforts to help them cope with the tragedy of war and seek asylum, European insurers are dealing with a very specific technical problem: crashes involving cars with Ukrainian license plates in the context of the fact that in an extreme situation, many of of them left for European countries without concluding an agreement on compulsory international insurance “Green Card”.
Answering a question about the number of Ukrainian cars that are now moving on European roads, Schwartz noted that, despite the fact that the Council of Bureaux is in constant contact with the authorities of countries that have a direct border with Ukraine, and the total number of refugees is known, there is a significant shortage information on the number of cars on Ukrainian license plates that left the country after the start of Russian military aggression.
“So we don’t have aggregated hard data yet, but we are sure that there are a huge number of Ukrainian-registered cars that not only cross the Ukrainian border to leave, but also drive further across Europe, where people hope to find shelter. And many of these cars do not have proper insurance protection,” she stated.
Schwartz stressed that such a situation is not legitimate, but has become generally accepted due to its urgency, since checking whether people have proper insurance is much less important than giving them access to a shelter as soon as possible. However, of course, there is a need to solve it.
Schwartz explained that there are several national initiatives to provide Ukrainians with free or cheap Green Card insurance or to cover temporary losses caused by uninsured Ukrainian cars.
“Also, a discussion has already begun whether this should be a common pan-European solution and how such a mechanism can work,” said the President of the Council of Bureaux.
She explained that the Council of Bureaux is in close contact with Insurance Europe (Federation of Insurers and Reinsurers, which unites 39 European insurance associations) on this issue in order to decide on the solution that will best resolve the current situation.
Due to the fact that the Ukrainian Bureau “Green Card” and insurers who are full members of the MTIBU are actively working, Ukrainian drivers can remotely renew an expired policy or receive a new one in digital format (as a pdf file). In the current situation, during verification, the document will be accepted in digital format, despite the fact that this is inconsistent with the UNECE recommendations, according to which the Green Card is a valid document only if it is provided in paper form.
Finally, the war in Ukraine also has a significant impact on cooperation with the Russian and Belarusian Green Card Bureaus.
“The first question is how and how it is still possible under the sanctions regime to make sure that the Russian Bureau is able to fulfill its obligations as a member of the Council of Bureaux. Of course, most of the questions at the moment are related to financial aspects, money transfers, etc.
We, as a system, must decide, taking into account reputational aspects, whether it is appropriate to have a Russian National Bureau among the members of the Bureau.According to the rules of the Green Card system, the only reason for suspending the membership of a particular national bureau is that it violates our rules.Thus , we must, first of all, analyze whether this is true or not,” Schwartz explained.
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has excluded U.B.I.-COOP Insurance Group (Kyiv) from the associated members of the Bureau.
As reported on the MTIBU website, the reason for this decision was the insurer’s debt to pay the guarantee fee to the MTIBU funds.
In this regard, from September 1, the company has no right to conclude contracts for compulsory civil liability insurance of land vehicle owners (OSAGO).
At the same time, the Bureau notes that the termination of U.B.I.-COOP insurer’s membership in MTIBU does not relieve the insurer from fulfilling obligations under the OSAGO contracts concluded by it.
As reported, the rating agencies Standard-Rating and Expert-Rating at the end of April 2021 decided to suspend the financial stability rating of U.B.I.-COOP Insurance Group due to the temporary suspension of all licenses of the insurer by the National Bank of Ukraine on April 19, 2021.
U.B.I.-COOP, registered in 2000, specializes in providing services in the field of risk insurance.
The Motor (Transport) Insurance Bureau of Ukraine has excluded U.S.I. insurance company (Kyiv) and Kharkiv Municipal Insurance Company from the bureau’s associate members, the MTIBU told Interfax-Ukraine
The reason for this decision was the two-month indebtedness of the insurers to pay the guarantee fee to the MTIBU’s funds.
As reported, on April 20, 2021, the MTIBU reported that U.S.I. loses the right to conclude new contracts of compulsory insurance of civil liability of land vehicle owners (OSAGO), since a day earlier the NBU applied to it a measure in the form of suspension of licenses to carry out activities. For failure by the company to meet the solvency and capital adequacy standards, as well as the riskiness of operations, the formed insurance reserves were not placed in certain categories of eligible assets in full.
According to the data of the bureau, U.S.I. in 2020 entered into 87,050 contracts, premiums for which amounted to UAH 65.868 million, and paid to clients UAH 12.713 million.
Kharkiv Municipal Insurance Company in the first quarter of 2021 raised UAH 6.3 million of gross insurance premiums for OSAGO, paid UAH 1.33 million.
