The number of the inter-Arab vehicle insurance card, known as the Orange Card, is projected to reach 5m a year by 2030, said the secretary-general of the General Arab Insurance Federation (GAIF), Mr Chakib Abouzaid.
At present, nearly 3m orange cards are sold annually, the local media have reported, citing Mr Ahmed Hadroug, the director-general of the Tunisian Unified Automobile Bureau which manages the inter-Arab system in Tunisia.
Speaking at an event on 22 April celebrating the 50th anniversary of the creation of the Orange Card system, Mr Abouzaid said that the projected increase in the distribution of inter-Arab insurance cards is explained by the significant volume of inter-Arab trade and increasing regional integration.
The Orange Card, created in April 1975 under an agreement concluded in Tunis by 11 Arab governments, represents a unified and harmonised Arab insurance system that allows vehicles to move freely between different Arab countries. Since then, the system has been adopted by more Arab countries. It is also fully digital. The digitalisation process commenced in 2022. The card is sold by insurance companies and the unified bureaux in member countries.
This insurance system is managed by GAIF, which is headquartered in Egypt. Separately, a unified regional office has been established in each Arab member country, which is responsible for implementing the provisions of the Orange Card system.
The Orange Card covers damages and injuries caused to third parties in a motor accident according to the law of the visited country and does not include damages resulting from any other causes.
Action is underway to accelerate the compensation system for victims of traffic accidents to make the Orange Card system more efficient.