Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased payments by 48.3%

In 2023, TAS Insurance Group (Kyiv) paid out a total of UAH 1.341 billion under the concluded insurance contracts, which is 48.3% more than the company’s indemnities for 2022.

According to the company’s website, payments under hull insurance contracts increased by 60.2% to UAH 402.78 million, which is 30.03% of the insurer’s total payments for 2023, MTPL – by 39% to UAH 491.21 million (36.62%), Green Card – by 64% to UAH 35.5 million (25.3%).

Payments under the Green Card increased by 2.9 times to UAH 238.05 million, which is 17.75% of the total amount of payments made by the insurer for the reporting period. VHI payments for the year increased by 44.2% to UAH 168.28 million (12.55%).

Under property insurance contracts, the company paid UAH 10.72 million last year, which is 19.6% more than in 2022.

Under other insurance contracts, TAS IG paid UAH 30.2 million in 2023.

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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TAS Insurance Group increased premium collection by 40.1%, payments by 96.1%

In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 40.1% to UAH 299.31 million compared to the same period in 2022, according to the group’s website.

The collected premiums under hull insurance contracts for the period amounted to UAH 71.66 million, which is 23.94% of the company’s total premiums and 16.5% higher than the corresponding figure for November 2022.

MTPL accounted for 35.81% of the premiums collected, or UAH 107.18 million of premiums, which is 31.8% more than last year, while Green Card accounted for 27.14% or UAH 81.23 million of payments (+88.3%).

In turn, under voluntary health insurance contracts, TAS IG attracted UAH 6.89 million of insurance premiums, which is 63.2% more, under property insurance contracts – UAH 6.09 million of insurance payments, under other insurance contracts – UAH 26.26 million, which is 52.4% more than last year.

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.

In November 2023, the company increased payments by 96.1% to UAH 145 million.

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TAS Insurance Group increased premium collection by 96.1%

In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 96.1% to UAH 145 million compared to the same period in 2022, according to the group’s website.

According to the company, hull insurance payments increased by 74% to UAH 37.54 million compared to November last year, which is 25.89% of the company’s total claims for the month.

More than a third of payments (37.18%) accounted for MOTPL, or UAH 53.92 million, which is 93.8% higher than the corresponding figure for the 11th month of 2022.

The insurer’s payments under the Green Card also increased by 2.16 times to UAH 26 million, which is equal to 17.93% of the company’s total payments in November 2023.

TAS Group’s VHI payments increased by 2.31 times to UAH 21.83 million, which amounted to 15.06% of the company’s total claims for the month.

Under property insurance contracts, the group paid UAH 2.38 million, which is 8.5 times more than in the same period last year.

The company’s claims paid under other insurance contracts amounted to UAH 3.33 million for the month.

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 offices and branches.

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TAS Insurance Group has increased payments by 37%

In September, TAS Insurance Group (Kyiv) paid out a total of UAH 118.5 million under the concluded insurance contracts, which is 37.1% more than the amount of the company’s indemnities in September last year.

According to the company’s website, payments under hull insurance contracts increased by 37.7% to UAH 32.29 million compared to the reporting period of 2022, which is 27.25% of the insurer’s total payments for September this year, MTPL – by 31.1% to UAH 39.43 million (33.27%), Green Card – by 22.5% to UAH 27.35 million (23.08% of total payments).

At the same time, VHI payments increased by 86.4% to UAH 15.41 million, which is 13% of the total amount of payments made by the insurer for the reporting period.

Under other insurance contracts, TAS IG paid UAH 4.02 million in insurance indemnities for the month, which is 75% more than a year ago.

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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TAS Insurance Group increased payments by 44.8%, claims by 39%

In January-July 2023, TAS Insurance Group (Kyiv) attracted UAH 1839.71 million in insurance payments, which is 44.8% higher than the insurer’s revenues for the corresponding period last year, according to its website.

In particular, the company collected UAH 379.02 million of payments under hull insurance contracts, which is 20.6% of the total amount of premiums raised and 62.2% more than this figure for the first seven months of 2022, MOTPL – UAH 608.08 million (33.05%), an increase of 38.7%, Green Card – UAH 422.01 million (22.9%), an increase of 68.6%, and voluntary health insurance – UAH 79.4 million (9.75%), an increase of 14.7%.

During the reporting period, the company collected UAH 40.84 million in premiums under property insurance contracts, which is 38.1% more than in the previous year. Other contracts amounted to UAH 210.36 million of payments (+29.8%).

As reported, during the reporting period, the company paid UAH 700.16 million in insurance indemnities, or 38.9% more than in the corresponding period last year, according to the insurer’s website.

Payments under hull insurance contracts increased by 55.7% (compared to January-July 2022), to UAH 215.37 million, which is 30.76% of the total amount of payments of the insurer. Motor third party liability insurance increased by 28.5% to UAH 270.12 million (38.58%), Green Card – by 82.6% to UAH 117.73 million (16.81%), voluntary health insurance – by 10.3% to UAH 74.98 million (10.7%).

TAS Insurance Group paid out UAH 4.68 million in indemnities under property insurance contracts for the period under review. The company’s claims paid under other insurance contracts amounted to UAH 17.28 million over the seven months.

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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TAS Insurance Group paid UAH 1.6 mln for drowned excavator

TAS Insurance Group (Kyiv) has paid UAH 1.567 million for a Hidromek HMK 370LC HD excavator drowned in a swampy area, having settled the incident in full, according to the insurer’s website.

It is specified that the incident occurred at one of the border areas in the Rivne region, where large construction equipment, including the excavator insured by TAS, was involved in the construction of additional protective structures. At some point, the excavator suddenly began to “sink”. To rescue the machine, the State Emergency Service was called, which used another excavator to try to make a flooring and at the same time launched drainage pumps.

After examining the circumstances of the incident, TAS Insurance Group, where the excavator was insured under the Pravoe KASKO contract, recognized the incident as insured and settled it in full.

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