Business news from Ukraine

IG “TAS” has increased payments by 47.8%, payments – by 38.1%

25 October , 2023  

Insurance group “TAS” (Kyiv) in January-September 2023 collected UAH 2.542 billion of insurance payments, which is 47.8% more than in the three quarters of 2022, according to the company’s website.
Of these, 512.77 million UAH was collected under CASCO, which is 51.2% more than in the same period a year earlier, MTPL – 825.11 million UAH (+37.6%), “Green Card” – 605.8 million UAH (+23.83%), voluntary health insurance – 288.22 million UAH (+53.8%)
At the same time, under property insurance contracts TAS Insurance Group has collected UAH 53,84 mln in the nine months of the current year, payments – by 12,6% more than in the same period last year, under other insurance contracts – UAH 262,47 mln (+31%).
During the reporting period, the insurance group “TAS” has paid UAH 933,21 mln as indemnities under the concluded insurance contracts – by 38,1% more than this indicator for January-September 2022.
UAH 286,59 mln (+56,5%) has been paid under hull insurance contracts, that makes 30,71% of the total amount of payments of the insurer, under CMTPL insurance – UAH 350,13 mln (+31,2%) and 37,52% of total payments, under “Green Card” – UAH 163,2 mln (+47,6%) and 17,49% of the total amount of payments, under voluntary medical insurance – UAH 103,79 mln (+19,5%) and 11,12%.
In turn, the amount of payouts of SG “TAS” under property insurance contracts has amounted to UAH 5,83 mln. Under other insurance contracts the company has paid UAH 23,67 mln as insurance indemnities.
IG TAS was registered in 1998. It is a universal company, offers more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.