NUMBER OF GREEN CARD INSURANCE CONTRACTS 8.65% DOWN, PREMIUMS 2.94% UP IN JAN-MARCH-2017

NUMBER OF GREEN CARD INSURANCE CONTRACTS 8.65% DOWN, PREMIUMS 2.94% UP IN JAN-MARCH-2017

The number of Green Card international insurance contracts signed by the full members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-March 2017 decreased by 8.65% compared to the same period in 2016, to 136,626, according to the website of the bureau.

At the same time, according to its data, the amount of insurance premiums increased by 2.94%, to UAH 248.3 million.

The amount of insurance claim fees paid in January-March increased by 19.3%, to EUR2.947 million, the number of claims decreased by 3.23%, to 1,168.

The MTIBU is the only association of insurers that carry out compulsory insurance of civil liability of owners of vehicle owners for damage caused to third parties. Its members are 54 insurance companies, nine of which are the full members of the bureau that have the right to sign Green Card contracts.