Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased premium collection by 96.1%

14 December , 2023  

In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 96.1% to UAH 145 million compared to the same period in 2022, according to the group’s website.

According to the company, hull insurance payments increased by 74% to UAH 37.54 million compared to November last year, which is 25.89% of the company’s total claims for the month.

More than a third of payments (37.18%) accounted for MOTPL, or UAH 53.92 million, which is 93.8% higher than the corresponding figure for the 11th month of 2022.

The insurer’s payments under the Green Card also increased by 2.16 times to UAH 26 million, which is equal to 17.93% of the company’s total payments in November 2023.

TAS Group’s VHI payments increased by 2.31 times to UAH 21.83 million, which amounted to 15.06% of the company’s total claims for the month.

Under property insurance contracts, the group paid UAH 2.38 million, which is 8.5 times more than in the same period last year.

The company’s claims paid under other insurance contracts amounted to UAH 3.33 million for the month.

TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional offices and branches.

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