NUMBER OF GREEN CARD INSURANCE CONTRACTS 5.64% UP, PREMIUMS 26.6% UP IN H1 2018

NUMBER OF GREEN CARD INSURANCE CONTRACTS 5.64% UP, PREMIUMS 26.6% UP IN H1 2018

The number of Green Card international insurance contracts signed by the members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-June 2018 increased by 5.64% compared to the same period in 2017, to UAH 338,318, according to the bureau’s website.

The amount of accrued insurance premiums increased by 26.59%, to UAH 642.4 million.

The amount of claim fee payments for January-June fell by 0.38%, to almost EUR 5.98 million.

The number of paid claims increased by 3.53% to 2,609.

The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for harm caused to third parties. Its members are 56 insurance companies, in particular full members of the bureau that have the right to sign Green Card contracts are nine companies.