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.
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.
In June 2023, TAS Insurance Group (Kyiv) collected UAH 309.18 million in payments, which is 46.9% more than the amount of premiums raised in June 2022, according to its website.
It is noted that almost a quarter of the insurer’s revenues for the reporting period – 23.37% – came from hull insurance, which collected UAH 72.25 million in payments (+17.3%).
The company’s revenues from MOTPL policies increased by 33.1% to UAH 107.91 million in payments and accounted for 34.9% of the total premiums collected in the month. Under the Green Card, the company attracted UAH 82.35 million in payments, which is 26.63% of the total proceeds of the insurer for the reporting period and 74.8% higher than in June last year.
In turn, the share of VHI in the company’s revenue portfolio amounted to 5.29%, or UAH 16.36 million of insurance premiums in June 2023. Property insurance contracts amounted to UAH 4.13 million (+22.2%).
The company’s revenues from other insurance contracts amounted to UAH 26.18 million in June.
Insurance Group “TAS” (Kyiv) has paid out UAH 812,9 mln of insurance compensations in January-November 2022, which is 11,9% less than in the same period of 2021.
According to the insurer’s web-site, in particular, UAH 223.75 mln, or 27.53% of the total amount, has been paid out under motor hull insurance contracts.
MTPL insurance contracts (39.75%) accounted for 323.12 mln UAH, and “Green Card” contracts – 15.58% or 126.66 mln UAH in total volume of insurer’s payments.
At the same time under the contracts of voluntary health insurance TAS IG has paid UAH 105,89 mln, which is 13,03% of the total amount of reimbursements paid by the company for 11 months.
The insurance group has paid UAH 7,67 mln. according to the property insurance contracts.
Its payments on other insurance contracts in January-November 2022 amounted to UAH 25,76 mln, which is 14,7% more than in the same period of 2021.
TAS Insurance Group (Kyiv) paid UAH 73.95 mln in compensation under insurance contracts in November 2022, which is 31.1% less than during the same period a year earlier.
As it is stated on the web-site of the company, payments on CASCO contracts amounted to UAH 21,58 mln, which is 29,18% of total payments of the company per month, on MTPL – UAH 27,82 mln or 37,62% of total payments.
In turn, the share of “Green Card” in the payments portfolio of the company for the month was 16,24% or UAH 12,01 mln.
At the same time the indemnities of “TAS” Insurance Group based on voluntary medical insurance contracts in November amounted to UAH 9,45 mln, which is 12,78% of the total indemnities for the month.
Under other insurance contracts in the last month of autumn 2022 TAS IG has paid UAH 3,09 mln.
TAS IG was registered in 1998. It is a universal company, offering customers more than 80 types of insurance products for various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
TAS Insurance Group (Kyiv) in January-October paid 738.9 mln. UAH of indemnities under the concluded insurance contracts, which is 20.8% less than the amount of payments made in 10 months.
Most of the payments with a share of 39.96% took CMTPL – 295.3 million UAH (-15.3%), CASCO with a share of 27.36% (202.17 million UAH, -32.5%), VMI with a share of 13.05% (96.4mln UAH, -30%) compared to January-October of last year.
The company paid out UAH 114,65 mln on policies “Green Card”, which amounts to 15,52% of the total indemnities of the insurer (-1,4%).
In turn, 7,4 mln UAH have been paid out for 10 months on property insurance contracts, and 22,95 mln UAH on other insurance contracts, which is 9,5% more than the corresponding figure for the same period last year.
