Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased premium collection by 31% and payments by 47.6%

16 October , 2024  

In September 2024, TAS Insurance Group (Kyiv) collected UAH 418 million in insurance premiums, which is 31% more than in the same period in 2023.
According to the insurer’s website, motor hull insurance premiums amounted to 18.2% of the total, or UAH 76.13 million, which is 6.4% more than in September 2023; motor third party liability insurance premiums – 32.3%, or UAH 134.9 million (+24.3%), and Green Card premiums – 31.9%, or UAH 133.2 million (+43.8%).
In September, TAS Group collected UAH 35.08 million in premiums under voluntary health insurance contracts, which is 8.4% of the total premiums and 2.6 times higher than in the same period last year.
In turn, UAH 6.17 million of insurance premiums were collected under property insurance contracts. Under other insurance contracts in September 2024, the company collected UAH 32.51 million in premiums, an increase of 29.3%.
The company also reports that as part of its obligations to conclude insurance contracts in September, it paid UAH 174.85 million, which is 47.6% more than in the same period a year earlier.
At the same time, payments under hull insurance increased by 66.3% to UAH 53.72 million, motor third party liability insurance – by 36.8% to UAH 54 million, Green Card – by 40.4% to UAH 38.39 million, VHI – by 49.8% to UAH 23.08 million, property insurance – by 2.45 times to UAH 2.28 million.
Under other insurance contracts, TAS paid UAH 3.42 million, which is 10.5% more than in September last year.

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