By KYIV. May 25 (Interfax-Ukraine) – Accrued insurance premiums under Green Card international insurance agreements concluded by member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 87.9% in January-April 2023 compared to the same period in 2022, to UAH 1.619 billion.
As reported on the MTIBU website, the number of Green Card agreements concluded during this period increased by 24.03%, to 502,600.
At the same time, the amount of compensation paid on claims increased 6.6 times, to EUR 13.8 million, while the number of paid claims – 5.4 times, to 4,469.
MTIBU is the only association of insurers that provides compulsory insurance of civil liability of land vehicle owners for damage caused to third parties.
Green Card is 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. Green Card covers the territory of 47 countries of Europe, Asia and Africa.
