Business news from Ukraine

Business news from Ukraine

TAS Insurance Group’s claims increased by 53.3% over 10 months

24 November , 2024  

In January-October 2024, TAS Insurance Group (Kyiv) paid UAH 1.618 billion under the concluded insurance contracts, which is 53.3% more than the company’s indemnities for 10 months of last year, according to the insurer’s website.

More than a quarter of the total volume of payments, or 27.94%, accounted for hull insurance – UAH 452.2 million, which is 38.9% higher than the corresponding figure for 10 months of 2023, 32.3% or UAH 523.5 million – for MTPL (+31.7%), 21.8% or UAH 352.8 million – for Green Card (+99.8%).

The share of VHI in the company’s claims portfolio amounted to 14.33%, or UAH 231.9 million (+87.2%) for the first eight months of the year.

TAS Group paid UAH 11 million (+60.3%) under property insurance contracts in the reporting period.

The company paid UAH 47.2 million (+85.8%) under other insurance contracts.

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: 28 regional directorates and branches and 450 sales offices throughout Ukraine.