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.
In January-July of this year, including more than five months of a full-scale war, the TAS Insurance Group paid UAH 504.11 million under concluded insurance contracts, or 22.4% less than in the same period of 2021, reported on the website of the insurer.
It is also noted that the first place in the insurer’s portfolio of payments with a share of 41.71% was taken by OSAGO, for which payments amounted to UAH 210.27 million. More than a quarter of all payments, or 27.44%, fell on CASCO – UAH 34 million.
The third position in the company’s payout portfolio with a share of 13.49% was occupied by VHI – UAH 67.99 million.
Not much less in the total amount of payments was the share of the “Green Card” – 12.79%, or UAH 64.47 million.
At the same time, under property insurance agreements, SG TAS paid UAH 4.99 million for the reporting period, which is 12.8% more than in seven months of last year.
Under other insurance contracts, the company paid UAH 18.05 million in compensation, exceeding the figure for January-July last year by 15.1%.
PrJSC Ukrainian Insurance Group (Kyiv) in January-September 2021 collected UAH 1.072 billion in net premiums, which is 8% more than in the same period in 2020.
According to the company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 22.3% – to UAH 1.673 billion. Some UAH 620.292 million (more by 73.4%) was transferred to reinsurance.
For the nine months the company paid out UAH 451.034 million, which is 1.2% more than in the same period a year earlier.
Administrative expenses of the company amounted to UAH 75.370 million (more by 23%), sales expenses – UAH 491.644 million (more by 16.6%)
The pretax financial result amounted to UAH 60.896 million, which is almost three times less than in the nine months of 2020. Net profit amounted to UAH 7.861 million against UAH 105.932 million profit for the same period a year earlier.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.
Ukrainian Insurance Group (Kyiv) has paid UAH 126 million to PJSC Myronivsky Hliboproduct (MHP) for the Eurocopter EC145 helicopter that fell near Trukhaniv Island in Kyiv in September 2018, the insurer said on its website.
The payment was made under the compulsory insurance contract for civil aircraft, which covered the risks of complete loss and damage of the aircraft, including individual parts, systems and constructive parts, during taxing, in the air or on the ground (including parking).
The company said that specialists of Ukrainian Insurance Group, a representative of Myronivsky Hliboproduct and involved experts from United Loss Adjusters (the official representative of Sedgwick and Cunningham Lindsey in Ukraine) were directly involved in the settlement of the insured accident.
“The collaborative work of all parties in conducting numerous expert reviews and doing actions to assess the loss allowed Ukrainian Insurance Group to quickly settle this complex insured accident and pay insurance money. The total amount of insurance money received by MHP amounted to UAH 126 million,” the company said.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been operating in the Ukrainian conventional insurance market since 2000, it is part of Vienna Insurance Group, the market leader in Central and Eastern Europe.
PJSC Myronivsky Hliboproduct (MHP) is one of the leaders of the Ukrainian agricultural industry.
The shareholders of Ukrainian Insurance Group on December 19 approved an agreement to merge Globus Insurance Company with Ukrainian Insurance Group (both based in Kyiv), the insurer has reported in the public information base of the National Commission on Securities and the Stock Market. It was also decided to issue shares to convert the shares of Globus: 694,001 common registered shares with a nominal value of UAH 100 per share in the amount totaling UAH 69.400 million.
As reported, Ukrainian Insurance Group and Globus are part of Vienna Insurance Group, one of the largest insurance groups in Central and Eastern Europe.
Ukrainian Insurance Group has been operating in the Ukrainian market of conventional insurance since 2000. Globus insurance company with additional liability was founded in 1994. Both companies specialize in risk insurance.
In addition to these two companies, the Vienna Insurance Group in Ukraine also includes Kniazha Vienna Insurance Group and Kniazha Life Vienna Insurance Group.
TAS Insurance Group in May 2019 collected UAH 133 million of insurance premiums, which is 32.3% more than in May last year, according to the insurer’s website.
OSAGO occupied the largest share of the insurer’s revenues in May with 38.69% and UAH 51.46 million of premiums attracted, which is 23.2% more than the figure for the fifth month of 2018.
The volume of revenues on Green Card policies, in turn, increased by 64.7%, to UAH 33.13 million of premiums in May, which is 24.91% of the total premiums for the month. KASKO ranked third in the revenue portfolio of TAS group with a share of 18%: some UAH 23.95 million of premiums were collected under land transport insurance contracts during the fifth month of the current year, which is 40.5% more than in the reporting period of 2018.
TAS Insurance Group in May raised UAH 3.81 million in premiums under property insurance contracts, UAH 3.13 million under voluntary medical insurance contracts, while revenues from other insurance contracts amounted to UAH 17.53 million.
In May, TAS Insurance Group paid UAH 58.69 million in insurance claim fees, which is 12.6% more than the amount paid by the company for the fifth month of last year.
