In January-July 2024, TAS Insurance Group (Kyiv) paid UAH 1.103 billion under the concluded insurance contracts, which is 57.5% more than the amount of the company’s indemnities for the seven months of the previous year.
More than a quarter of the total volume of payments, or 27.3%, accounted for hull insurance – UAH 300.8 million, which is 39.6% higher than the corresponding figure for 7 months. In 2023, 32.9%, or UAH 364.3 million, was accounted for by MTPL (+34.6%), 22.2%, or UAH 244.6 million, by Green Card (+2.08 times).
The share of VHI in the company’s claims portfolio amounted to 14.29%, or UAH 157.6 million (+2.1 times) over the seven months.
TAS Insurance Company paid out UAH 6.5 million (+38.8%) under property insurance contracts in the reporting period.
Under other insurance contracts, the company paid UAH 30.28 million (+75.2%).
TAS 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.
Nova Poshta LLC, the largest logistics operator in Ukraine and a member of the NOVA group, has fully placed its issue of interest-bearing unsecured F series bonds with a total nominal value of one billion UAH.
According to the National Securities and Stock Market Commission (NSSMC), the company registered the report on the results of the issue on August 14, while the issue was initially registered on April 26 this year.
According to the report for the first half of 2024, the bonds will mature on June 10, 2026, bear interest at 16% per annum, mature on June 5, 2026, and have a nominal value of UAH one thousand.
Nova Poshta registered a report on the placement of the previous series E issue of the same volume with maturity on August 8, 2025 and an interest rate of 17% per annum with the NSSMC on July 4 this year. Most of it, worth UAH 650 million, was purchased in May by Oschadbank (Kyiv). It was clarified that this is the third transaction since 2019 for the state-owned bank to finance Nova Poshta by purchasing corporate bonds.
Both series of bonds were placed without a public offering on the over-the-counter market.
As of the middle of this year, Nova Poshta’s liabilities on the E series bonds amounted to UAH 995.16 million, F series – UAH 994.88 million, and on the previously issued D series bonds maturing at the end of January 2025 – UAH 818.51 million.
As of the end of June this year, Nova Poshta’s total liabilities on bonds amounted to UAH 2 billion 808.55 million, while its liabilities to banks amounted to UAH 3 billion 136.12 million, and the total amount of liabilities and collateral amounted to UAH 15 billion 562.04 billion.
As reported, in 2023, Nova Poshta made two bond issues – “C” and “D” – each with a nominal amount of UAH 800 million. The C series bonds were issued for a 12-month term with a 24% p.a. rate, while the D series bonds were issued for 20 months with a 23% p.a. rate.
Earlier, in February 2023, the company redeemed the UAH 700 million Series B bonds issued in March 2020.
In the first half of 2024, Nova Poshta LLC increased its unconsolidated net income by 20.1% to UAH 20.12 billion, but the company’s net profit decreased by 38.1% to UAH 1.49 billion.
From January to June 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.067 billion in insurance premiums, which is UAH 323 million or 43.4% more than in the first half of 2023.
According to the insurer, the largest increase in payments in the reporting period was recorded in the MTPL (+67%), VHI (+53%), green card (+46%) and comprehensive insurance (+21%) segments.
In the first half of the year, UAH 194 million in premiums were collected under comprehensive insurance contracts, accounting for 18% of the insurer’s total payments, UAH 259 million (24%) under the Green Card and UAH 304 million (28%) under the MTPL.
In turn, the VHI share of the company’s portfolio amounted to 15%, with UAH 165 million in premiums collected for VHI policies.
In the first half of 2024, the volume of income from other insurance contracts of IC “PZU Ukraine” amounted to UAH 145 million.
PZU Ukraine is part of one of the largest insurance groups in Central and Eastern Europe – the PZU Group (which also includes the parent company of PZU Ukraine – PZU S.A.).
The Cabinet of Ministers of Ukraine has included the Kit Park in Bucha, Kyiv region, in the register of industrial parks, said Ruslan Kravchenko, head of the Kyiv regional administration.
“Currently, 13 such parks have already been registered in the region,” Kravchenko wrote on Facebook on Friday.
According to him, Kyiv region is actively working on the creation of industrial parks. “This is an initiative that has the potential not only to improve the business climate, but also to significantly improve the quality of life of people. Despite the war, Kyiv region is creating all the opportunities to attract investment, which stimulates the creation of new jobs and conditions for economic development,” the head of the regional administration wrote.
He said that the Kit Industrial Park in Bucha will specialize in the processing industry. “It will produce plastic construction products, metal doors and windows. It is planned to raise over UAH 1.75 billion for the construction. These are personal and credit funds,” said Kravchenko.
In January-July 2024, insurance companies – members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded almost 4.4 million contracts of compulsory insurance of civil liability of owners of land vehicles (CTP), which is 1.4% more than in the same period in 2023.
According to the data published on the MTIBU website, 3.289 million contracts were concluded in electronic form (14.2% more).
In the first seven months of 2024, the Bureau’s member companies increased the collection of insurance premiums under MTPL policies by 21.6% compared to the same period in 2023 – up to UAH 5.667 billion, including UAH 4.586 billion under electronic contracts (+34.3%).
The total amount of accrued insurance claims under domestic insurance contracts increased by 28.01% to UAH 2.714 billion, including UAH 536.4 million paid using the Europrotocol (+17.3%).
The Bureau also recorded a 14.8% increase in the number of settled claims for insurance compensation – up to 82.4 thousand, including 29.7 thousand (+4.73%) using the Europrotocol.
MTIBU is the only association of insurers in Ukraine that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties. The Bureau’s members include 33 insurance companies.
