Business news from Ukraine

Business news from Ukraine

Payments of TAS Insurance Group increased by 26.7% in 2025

In January-February 2025, TAS Insurance Group (Kyiv) paid UAH 391.14 million under the concluded insurance contracts, which is 26.7% more than the amount of the company’s indemnities for the same period in 2024.

According to the insurer’s website, 27.6% of the total volume of payments was accounted for by hull insurance (UAH 108.1 million), which is 22.3% more than in January of the previous year, 31.5% or UAH 123.1 million (+10.8%) for MTPL, and 22.8% or UAH 89.2 million (+71.7%) for Green Card.

The share of VHI in the company’s claims portfolio in December amounted to 15.6%, or UAH 61.08 million (+28.1%).
The company paid UAH 9.7 million under other insurance contracts.

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: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

,

“Guardian” increased payments by 29.4% in 2024 to UAH 509.2 mln

In 2024, Guardian Insurance Company paid out UAH 509.2 million in indemnities, which is 29.4% more than in 2023, according to the insurer’s website.

It is noted that hull insurance payments increased by 81% to UAH 37 million, while premiums for this type of insurance increased by 58% to UAH 76.2 million.

The company also reports that in 2024, reimbursements under the international Green Card insurance policy increased by 35% to UAH 286.5 million, while premiums amounted to UAH 371.8 million.

Claims under the MTPL insurance policy increased by 15% to UAH 182.4 million last year, with premiums collected amounting to UAH 401.6 million (+10%).

The company allocated UAH 0.5 million (+80%) for medical expenses, while premiums collected amounted to UAH 77.2 million (+28%).

Accident insurance premiums amounted to UAH 27.8 million (+5%).

The amount of payments from customers who chose Guardian Insurance Company in 2024 amounted to UAH 1.06 billion.

Guardian Insurance Company is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has acquired the status of a full member of the MTIBU and has the right to sell Green Card policies.

In October 2020, by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine, Guardian Insurance Company became a member of the pool.

,

“Express Insurance” increased payments by 55% in 2024

In 2024, Express Insurance (Kyiv) made payments in the amount of UAH 512.6 million, which is 54.8%, or UAH 181.6 million, higher than in 2023.

According to the insurer’s website, in particular, payments for hull insurance amounted to UAH 426.7 million (+47.9%), for MTPL – UAH 73 million (2.3 times more), payments under other insurance contracts – UAH 12.9 million (+15.8%).

As reported, in January-November 2024, Express Insurance collected insurance premiums in the amount of UAH 841.1 million, which is 29.1% more than in the same period in 2023.

According to the insurer’s website, the number of contracts concluded during this period is almost twice as high as in January-November 2023. In particular, the demand for hull insurance contracts increased by 16.7%, for MTPL – by 125.1%, and for other types of insurance – by 32.5%.

Express Insurance was founded in 2008 and is part of the UkrAVTO group of companies. It specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

,

TAS Insurance Group increased payments by 19.5%

In November 2024, TAS Insurance Group (Kyiv) paid UAH 173.3 million under the concluded insurance contracts, which is 19.5% more than the amount of the company’s indemnities for the same month in 2023.
According to the insurer’s website, more than a quarter of the total volume of payments, or 27.4%, fell on hull insurance – UAH 47.5 million, which is 26.4% higher than the corresponding figure for November 2023, on MTPL – 32.2%, or UAH 55.9 million (+13.6%), on Green Card – 21.8%, or UAH 37.8 million (+45.3%).
In November, the share of VHI in the company’s claims portfolio amounted to 16.5%, or UAH 28.5 million (+30.6%).
The company paid out UAH 3.69 million under other insurance contracts.
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: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

, ,

IC “PZU Ukraine” increased collection of payments by 25%

In January-September 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.645 billion in insurance premiums, which is UAH 331 million, or 25.2%, more than in 2023.
According to the insurer’s information, the largest increase in payments for the period under review occurred in the VHI (+41%), MTPL (+39%), Green Card (+19%) and hull insurance (+18%) segments.
In the first nine months of the year, UAH 307 million of premiums were collected under motor hull insurance contracts, which is 19% of the insurer’s total payments, UAH 411 million (25%) under the Green Card, and UAH 462 million (28%) under MTPL.
In turn, the share of VHI in the company’s portfolio amounted to 15%, with UAH 165 million of premiums collected under VHI policies.
In the first half of 2024, the volume of revenues of IC “PZU Ukraine” under other insurance contracts amounted to UAH 220 million.
IC “PZU Ukraine” is a part of one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).

,

TAS Insurance Group increased payments by 56%

In October 2024, TAS Insurance Group (Kyiv) paid UAH 191.1 million under the concluded insurance contracts, which is 56.1% more than the amount of the company’s indemnities for the same month in 2023.
According to the insurer’s website, more than a quarter of the total volume of payments, or 28.8%, accounted for hull insurance – UAH 54.8 million, which is 41% higher than the corresponding figure for October 2023, for MTPL – 28.9%, or UAH 55.3 million (+ 16.7%), for Green Card – 23.4%, or UAH 44.8 million (3.5 times more).
The share of VHI in the company’s claims portfolio amounted to 15.3%, or UAH 28.9 million (+44.1%) in October.
Under other insurance contracts, the company paid UAH 7.38 million (+2.6 times).
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: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

,