Business news from Ukraine

TAS IG increased sales and payments by almost half

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.

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IG “TAS” has increased payments by 35.6%

Insurance group “TAS” (Kiev) for the first six months of 2023 paid insurance indemnities in the amount of UAH 611.19 million – by 35.6% more than in the first six months of last year, according to the insurer’s website.

According to its data, payments under hull insurance contracts for the specified period increased by 52.2% – up to UAH 188.16 million, which is 30.79% of the total amount of payments for this period.

At the same time, the share of CMTPL insurance in the portfolio of payments amounted to 38.24% (UAH 233.69 million) – by 25.5% more than in the corresponding period last year. Even more – by 78,6% – payments under “Green Card” have grown – up to UAH 106,38 mln, which is 17,41% of the total volume of payments of the group.

In turn, under contracts of voluntary medical insurance SG “TAS” in January – June paid UAH 63,58 mln, which is 10,4% of the total amount of indemnities paid during the reporting period and by 5,3% exceeds the corresponding indicator for six months last year.

In the first half of the year TAS IG paid UAH 4.38 mln under property insurance contracts, and UAH 15 mln under other insurance contracts.

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TAS IG has increased payments by almost third

TAS Insurance Group (Kyiv) has paid UAH 508.88 mln under insurance contracts within the first five months of 2023, which is 32.3% more than during the same period last year, according to the insurer’s website.
Thus, UAH 158,5 mln was paid out on CASCO contracts, which makes 31,15% of the total reimbursements of the insurer and exceeds the mentioned index for the five months of 2022 by 50,9%.
More than a third or 38,09% corresponded to CMTPL – UAH 193,82 mln (+19%), 17,34% to payments on “Green Card” (UAH 88,25 mln, +94,8%), 10,08% to the contracts of voluntary medical insurance (UAH 51,3 mln).
TAS IG has paid UAH 4,11 mln. according to the property insurance contracts for five months. The Company’s payments under other insurance contracts in January-May amounted to 12.9 mln.
TAS IG was registered in 1998. It is a universal company offering customers 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.

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TAS IG has increased collection of payments by 62,2%

TAS Insurance Group (Kyiv) has collected UAH 275.8 mln of insurance payments in May 2023, which is 62.2% more than the company’s revenues in the same period of 2022.
According to the message on the insurer’s web-site, UAH 55,24 m of premiums have been attracted due to hull insurance contracts, which makes up 20,03% of the total monthly payments of the company and exceeds the specified indicator for May 2022 by 82%.
The proceeds from MTPL insurance increased by 46.9% up to UAH 96.89 mln, or 35.13% of the total May premiums.
The part of “Green Card” in company’s portfolio was 19.9%, or UAH 54.89mln, which is 37.9% more than in May of the last year.
At the same time, the company collected UAH 15,74 mln of payments according to voluntary health insurance contracts during the reporting period, and UAH 4,69 mln – to property insurance contracts, which is 72,4% more than the corresponding index for the last month of spring 2022.
The amount of receipts of TAS IG on other insurance contracts has reached UAH 48,35 mln according to the results of May.

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IG “TAS” increased payments by 77%

TAS Insurance Group in April has paid 90,94 mln UAH of insurance indemnities according to the concluded insurance contracts, which is 77,1% more than in April of the last year.
According to the message on the website of the insurer, CASCO accounts for more than a quarter of all payments for the month – 29.64%, or UAH 26,96 mln, which is 66,3% more than in the reporting period 2022.
Payments on MTPL insurance have grown by 53.3% up to UAH 34,68 mln, which makes 38,14% of the total payments of the company for a month.
In turn, the part of “Green Card” in April portfolio of insurer’s payments has constituted 16,47%, or 14,98 mln UAH of compensations – in 5,94 times more than a year ago.
Payments on contracts of voluntary medical insurance have increased by 50,9% up to UAH 10,76 mln, which is 11,84% of the total amount of payments of the company per month.
At the same time TAS IG has paid UAH 1,28 mln on property insurance contracts in April – this is 2,67 times more than last year.
The company paid UAH 2,28 mln. as insurance indemnities under other insurance contracts in April.

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TAS IG in January-February has attracted UAH 486 mln of insurance premiums

TAS IG (Kyiv) in January-February 2023 collected UAH 486,39 mln of insurance premiums, which is 6,6% more than in the corresponding period of 2022, according to the web-site of the company.
It is specified that UAH 99,88 mln of payments have been collected on CASCO contracts, or 20,54% of the total amount of premiums and this is by 33,9% more than during the same period of 2022.
Sales of MTPL insurance increased by 17.3% up to UAH 145.54 million or 29.92% of the total receipts of the insurer for two months. Sales of “Green Card” increased by 68.3% to UAH 101.83 million (20.93%).
VMI accounted for 18.3% of Company’s receipts in January-February: UAH 89,01 mln. was collected on voluntary health insurance contracts.
The company attracted UAH 11,8 mln of payments on property insurance contracts for two months. The receipts of the insurer under other insurance contracts amounted to UAH 38,33 mln.

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