Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased premiums by 62.9% in December 2024

22 January , 2025  

In December 2024, TAS Insurance Group (Kyiv) collected UAH 514.14 million in insurance premiums, which is 62.9% more than in the same period in 2023.

According to the insurer’s website, motor hull insurance premiums in December amounted to 14.6% of the total, or UAH 75.3 million, which is 6.9% more than in December last year; motor third party liability insurance premiums – 47.6%, or UAH 244.7 million (twice as much), and Green Card premiums – 23.6%, or UAH 121.5 million (+49.8%).

Under voluntary health insurance contracts, TAS Group collected UAH 12.33 million in premiums, which is 42.6% higher than the same period last year.

Under property insurance contracts, the company collected UAH 20.44 million in premiums, an increase of 25.7%.

Under other insurance contracts, the company collected UAH 40 million in payments (+56.2%).

As reported, in December 2024, TAS Insurance Group paid UAH 183.3 million under the concluded insurance contracts, which is 30.4% more than the amount of the company’s indemnities for the same month in 2023.

About a quarter of the total volume of payments, or 22.02%, accounted for hull insurance – UAH 40.4 million, MTPL – 34.3%, or UAH 62.9 million (+13.6% compared to December 2023), Green Card – 21.98%, or UAH 40.3 million (+13.5%).

The share of VHI in the group’s claims portfolio amounted to 18.1%, or UAH 33.2 million (+46.9%) in December.

Under other insurance contracts, the company paid UAH 6.62 million (+2.7 times).

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.