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Car Insurance in Athens: International Insurance Office (IGI)
Looking for the best car insurance in Athens? The International Insurance Office (IGI) is your trusted partner for motor insurance needs. Established in accordance with Greek law and supervised by the Bank of Greece, IGI is fully compliant with European Union directives and international recommendations.
International Insurance Certificates: IGI grants insurance companies operating in Greece the essential International Insurance Certificates, commonly known as Green Cards, ensuring their insured drivers are covered across borders.
Claims Settlement: IGI efficiently handles damages caused in Greece by vehicles from other member states of the Green Card System, guaranteeing prompt compensation for accident victims.
Victim Compensation: If you're involved in a traffic accident in another member state of the Green Card System due to a Greek vehicle, IGI ensures you receive fair compensation.
Border Insurance Certificates: IGI issues Border Insurance Certificates, facilitating hassle-free cross-border travel for motorists.
Reinsurance Support: IGI acts as a reinsurer for its member insurance companies, providing "Excess of Loss" reinsurance support beyond the minimum mandatory civil liability insurance limits in Greece.
Consolidated Agreements: IGI collaborates with foreign offices to establish Consolidated Agreements and international agreements related to the International Car Insurance System.
Compensation Body: IGI serves as the "Compensation Body" as per the 4th EU Directive, ensuring protection for visitors who are victims of traffic accidents outside their home countries.
Management & Structure:
IGI is governed by the General Assembly of Members and the Management Committee. The current Management Committee includes dedicated professionals ensuring the smooth operation of the bureau.
Foreign insurance companies looking to appoint a Correspondent in Greece must meet certain criteria, including familiarity with the Green Card System, a robust internal organization, multilingual capabilities (especially in English), financial stability, and adherence to IGI's conditions.
Rights & Obligations:
IGI holds the right to control claim settlements, but Correspondents must handle claims objectively, fairly, and promptly, always acting in the best interests of the appointing insurer.
IGI takes complaints seriously and ensures that Correspondents promptly address grievances from injured parties. If necessary, IGI steps in to handle unresolved issues.
Annual Statistics & Revocation:
IGI maintains transparency by providing annual statistics to the Council of Bureaux. Correspondents are expected to report claims data accurately and on time. Revocation of Correspondent appointments may occur automatically in certain cases or as a reasoned decision by IGI's Administrative Committee.
Ensure your car is protected with International Insurance Office (IGI), your trusted provider of car insurance in Athens, committed to safeguarding motorists on Greek roads.