In January-November 2023, TAS Insurance Group (Kyiv) collected insurance payments in the amount of UAH 3.224 billion, which is 46.6% more than the amount raised in the same period a year earlier.
According to the insurer’s website, the company collected UAH 652.81 million in insurance premiums under hull insurance contracts over 11 months, which is 20.25% of the total amount of the insurer’s payments and 44.1% higher than in January-November 2022.
The volume of premiums for MOTPL amounted to 32.23% or UAH 1.039 billion (+36.7%), for Green Card – 24.06% or UAH 775.65 million (+76.8%), for voluntary health insurance – 11.73% or UAH 378.3 million (+48.4%). Property insurance contracts attracted UAH 65.2 million in premiums, which is 13.4% more than in the same period last year.
Under other insurance contracts, TAS Group collected UAH 313.19 million in premiums for eleven months of 2023, which is 33.2% more than in January-November 2022.
As reported, the company paid UAH 1.2 billion (+47.7%) in indemnities during this period.
UAH 363 million (+62.2%) was paid under hull insurance contracts, which is 30.23% of the total amount of payments by the insurer, UAH 451.4 million (+39.7%), or 37.6%, Green Card – UAH 202.55 million (+59.9%), or 16.87% of the total amount of claims, VHI – UAH 145.7 million (+37.6%), or 12.3%.
Under property insurance contracts, TAS IG paid UAH 9.24 million in January-November, which is 20.4% more than in the same period last year. The company’s payments under other insurance contracts amounted to UAH 28.77 million.
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 directorates and branches.
DTEK Group’s trading company D.Trading, which operates in the electricity, gas and coal markets, is launching grain trading, said Dmitry Malyar, CEO of the company.
“The first deal concluded on the domestic market opens a new page in the company’s history. The first thousand tons have been shipped to a customer. This is the company’s first practical step in a new trading direction,” Malyar wrote on Facebook on Tuesday.
He clarified that D.Trading’s agricultural office is already operating in Odesa.
“We will provide new market opportunities for agricultural producers and work on developing export potential,” Malyar said.
Generation distribution in power system of Ukraine in 2022
Source: Open4Business.com.ua and experts.news
Meest China has launched delivery from China to Kazakhstan. At present, the company is shipping parcels weighing up to 30 kg and costing up to EUR 1,000 and providing targeted delivery throughout the country. Shipments from the warehouse in China are made once a week, and delivery by road takes up to 14 days. The cost of the service starts at $5 per kilogram of cargo. Customers also have access to additional services such as buyback, parcel consolidation, and warehouse photography.
As a reminder, in December, the company started delivering from South Korea to Ukraine. The company accepts orders from popular marketplaces selling electronics, cosmetics, clothing, and accessories in the form of postal items weighing up to 20 kg and costing up to 150 euros.
“We have gained a good momentum in opening new markets and expanding the range of services. We ship not only from China, but also from South Korea, and we have added Kazakhstan to the list of recipient countries. We will continue to work,” said Mykhailo Lymar, CEO and Managing Partner of Meest China.
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Oil prices are moderately falling on Tuesday afternoon amid low trading activity after Christmas.
The cost of February futures for Brent on the London ICE Futures exchange as of 13:15 pm is $78.96 per barrel, which is $0.11 (0.14%) lower than at the close of the previous trading.
Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) have fallen by $0.29 (0.39%) to $73.27 per barrel by this time.
Downward pressure on the quotes is exerted by the strengthening of the US dollar. The DXY index, which reflects its value against six major world currencies, is up less than 0.1%, which reduces the attractiveness of commodities quoted in US currency.
Metinvest Group’s metallurgical enterprises in Ukraine have launched production of 25 new products in 2023, including the joint venture Zaporizhstal, which has mastered the production of 14 new products.
According to the group’s press release on Tuesday, despite Russia’s full-scale invasion of Ukraine that has been going on for almost two years, Metinvest remains the country’s economic and industrial backbone. The Group’s enterprises have launched new products, including partially compensating for the production of assets in the temporarily occupied Mariupol.
Most of the new products were launched in the semi-finished products segment, including hot-rolled coils and long products (seven each) and cold-rolled and galvanized coils (two each). Zaporizhstal and Kametstal accounted for the lion’s share of new products. The Group’s galvanized steel producer, Unisteel, launched two new types of products.
It is specified that Zaporizhstal started producing slabs of various sizes from steel grades S235, S275, and S355 as semi-finished products. These products are supplied to Metinvest’s European assets, where they are used to make hot-rolled plates and coils. For its part, Kametstal has mastered the production of two types of square billets – continuously cast and hot-rolled – from new steel grades and with increased requirements for structure and properties. The plant now uses these semi-finished products for its own production of long products and wire rod and supplies them to customers in Ukraine and Europe.
As part of its hot-rolled, cold-rolled and galvanized coils and sheets product range, Zaporizhstal has started producing seven types of rolled products for the construction and machine-building industries in accordance with European, American and Ukrainian standards. In particular, the plant has launched the production of S355J2 coils in accordance with the European standard EN 10025-2 and its Ukrainian counterpart DSTU EN 10025-2. The products have been tested and received confirmation of conformity from an international certification center. Hot-rolled steel products made of S355J2 steel produced in Zaporizhzhia are already successfully supplied to Poland, Romania and other European countries.
In addition, this year Zaporizhstal has mastered the production of cold-rolled coils from structural steel grades S320GD and S350GD for galvanizing. Previously, this semi-finished product was supplied by Ilyich Iron and Steel Works of Mariupol for protective coating. The launch of this product at Zaporizhstal allowed Unisteel to resume production and supply of structural galvanized coils used in the manufacture of steel structures.
The press release emphasizes that cooperation between Zaporizhstal and Unisteel has also been strengthened through other areas of cooperation. In 2023, the plant’s cold rolling shop completed the process of mastering the technology of cutting galvanized coils into sheets, which made it possible to significantly increase the sales of such products in the domestic market.
In terms of long products, Kametstal mastered new technologies and started production of steel grinding balls with diameters of 25 and 100 mm, as well as SVP27 profiles for the mining and metallurgical sector. The plant also produced two types of wire rod – 7.5 mm in diameter from SAE 1008 grade according to the American standard and 8 mm in diameter from European C80D2 steel. The products are used for wire drawing, rope manufacturing and hardware production.
“KAMETSTAL also started production of A500C rebar with a diameter of 36 mm. Such rolled products are in demand for critical construction and infrastructure projects and are used to build bridges, shelters and multi-storey buildings. For the machine-building industry, the plant has launched mass production of hot-rolled rounds with a diameter of 42 mm, which are used to create parts and structural elements for machinery and equipment.
“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.
