The National Bank of Ukraine (NBU) on April 23 announced a tender for compulsory insurance of civil liability of car owners and insurance of drivers against accidents in transport, according to the state procurement system Prozorro.
The expected cost of purchasing the services is UAH 1.044 mln. The deadline for submission of documents is April 30, 2025. The winner of a similar tender a year ago was IC “Guardian”.
On June 18, the State Enterprise for Air Traffic Services of Ukraine (UkSATSE) announced its intention to conclude a contract for the purchase of services for compulsory insurance of civil liability of owners of land vehicles (CTP) with TAS LLC (both based in Kyiv), according to the Prozorro electronic public procurement system.
As noted, the company’s price offer amounted to UAH 567.149 thousand, while the expected cost was UAH 576.270 thousand.
The company was the only bidder.
TAS was registered in 1998. It is a universal company offering its customers 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.
The number of clients of IC “Express Insurance” on compulsory insurance of motor liability of owners of land vehicles (MTPL) in January-April 2024 increased by 3.2 times, the insurer’s website reports.
It is noted that this is the largest indicator in the market of MTPL insurance in Ukraine for this period.
Payments of the company on MTPL, victims of road accidents for this period, increased in 2,2 times and amounted to almost 19,4 million UAH. The average amount of damage, which was paid out by IC Express Insurance during this period, exceeded by 2% the similar indicator in the market and amounted to UAH 37,4 th.
The company also notes that as the number of clients increases, it accelerates the process of settlement of insurance events. According to the results of April 2024, the average number of days from the date of application to the date of payment in IC “Express Insurance” decreased to 29,6 days against 43,5 days in April 2023.
ALC “Express Insurance” was founded in 2008 with participation of the leader of the Ukrainian automobile market – corporation “UkrAVTO”. The company specializes in automobile insurance.
Since April 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.
In February 2024, TAS Insurance Group has attracted UAH 312.2 mln of insurance premiums, which is 47% higher than the amount of payments collected for the same period a year earlier.
According to the company’s website, premiums on CASCO amounted to 21.61% of the total volume, or UAH 67.47 mln, which is 26.8% higher than the corresponding figure for February 2023, on MTPL – 31.9%, or UAH 99.57 mln (+37.1%), on “Green Card” – 26.95%, or UAH 84.04 mln (+76.4%), on voluntary medical insurance – 10.2%, or UAH 31.7 mln (+97.6%).
At the same time, UAH 6,24 mln of payments have been collected under property insurance contracts, under other insurance contracts SG “TAS” has attracted UAH 23,14 mln during the reporting period.
IG “TAS” was registered in 1998. It is a universal company, offers more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network of 28 regional directorates and branches.
In 2023, TAS Insurance Group (Kyiv) concluded 2.455 million insurance contracts, of which 1.388 million were for voluntary insurance and 1.067 million were for compulsory insurance, according to the company’s website.
According to the insurer’s reports, 2.284 million of all issued contracts were concluded with individuals and 170.016 thousand with legal entities.
Last year, TAS issued 1.075 million new policies of compulsory motor third party liability insurance (MTPL), which is almost 20% more than the corresponding figure for 2022, and 242.6 thousand voluntary motor third party liability insurance contracts (+38%).
Sales of motor hull insurance also increased by 32%, with 91,130 thousand motor vehicle insurance contracts and 81,977 thousand travel insurance contracts concluded.
In addition, over the past year, the insurer issued 11,680 thousand property insurance contracts “Full Housing Protection” and 356,652 thousand car insurance contracts “Full Auto Protection”, which is 20% higher than the corresponding figure for 2022.
The company also notes that 1.152 million customers have entrusted their insurance coverage to it, which is more than 122 thousand more than in 2022.
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 January 2024, insurance companies-members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 556,241 thousand contracts of compulsory insurance of civil liability of owners of land vehicles (CTP), which is 1.37% less than in the same period in 2023.
According to the data published on the MTIBU website, 411 thousand contracts were concluded in electronic form, which is 14.31% more than in January last year.
In January 2024, the Bureau’s members increased the collection of insurance premiums under MTPL policies by 19.25% compared to the same period in 2023 – up to UAH 706.7 million, including UAH 560 million (+34.05%) under electronic contracts.
The total amount of accrued insurance claims under domestic insurance contracts increased by 40.7% to UAH 400.7 million, including UAH 81.951 million paid using the Europrotocol (+23.02%).
The Bureau also recorded an increase in the number of settled insurance claims by 22.2% to 12,498 thousand, including 4,550 thousand (+5.25%) 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 35 insurance companies.
