Business news from Ukraine

Business news from Ukraine

TAS Insurance Group paid UAH 785 mln in January-May 2024

Insurance group “TAS” (Kiev) for January-May 2024 paid out UAH 785,23 mln under the concluded insurance contracts – it is by 54,3% more than the amount of indemnities of the company for five months of the last year, as reported on the website of the insurer.

More than a quarter of the total volume of payments fell on CASCO – UAH 218,72 mln, which is 38% higher than the corresponding indicator for 5 months of the last year. 2023, 34,37% or UAH 269,89 mln fell on MTPL (+39,2%), 19,5% or UAH 154,6 mln – on “Green Card” (+75,2%).

Even more – in 2,3 times – payments under contracts of voluntary medical insurance have increased up to UAH 117,94 mln, that makes 15,02% of the total volume of indemnities paid by the company in the reporting period

For the first five months of 2024, TAS IG paid UAH 4,13 mln under property insurance contracts, and UAH 19,94 mln under other insurance contracts – by 54,6% more than in the past.

SG “TAS” was registered in 1998. It is a universal company offering its clients more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

 

Insurer “TAS” has attracted almost UAH 300 mln of payments in March

Insurance group “TAS” (Kiev) in March 2024 attracted UAH 291.27 mln of insurance premiums under the concluded insurance contracts, which is 68% higher than the volume of payments collected by the company for the same period last year.

According to the insurer’s website, the volume of CASCO sales increased by 46.1% to UAH 57.39 mln of payments, which is 19.7% of the total amount of March premiums, MTPL – by 42% to UAH 90.54 mln or 31.1% of the total volume, Green Card – by 2.4 times to UAH 112.5 mln or 38.6% of the total volume.

Besides, the volumes of collections under property insurance contracts have grown by 29,3% – the company has attracted UAH 4,94 mln of payments under them in March.

Under contracts of voluntary medical insurance the company for the first month of spring 2024 collected UAH 2.73 million of payments, under other insurance contracts – UAH 23.21 million, which is 48.9% more than in the past.

As reported, in March the company paid out UAH 157.08 million – it is by 38.6% more indemnities of the company compared to March a year earlier. At the same time, a quarter of payments of the insurer for the reporting period (25,39%) came to CASCO – UAH 39,88 mln (+23,1%), MTPL – 34,48% of the volume of payments – UAH 54,16 mln (+14%), “Green Card” – 23,04%, or UAH 36,19 mln (+86,2%).

At the same time, the volume of payments under VHI has grown in 2,47 times, up to UAH 22,83 mln, that is equal to 14,54% of the total amount of payments of the company following the results of the reporting period. Under other insurance contracts the company’s payouts following the results of March totaled UAH 4,02 mln.

IG “TAS” was registered in 1998. It is a universal company offering its clients more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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TAS INSURER INCREASES COLLECTION OF PREMIUMS IN Q1

TAS Insurance Group (Kyiv) in January-March 2021 attracted UAH 590.18 million in premiums, which is UAH 111.98 million, or 28.4% more compared to the reporting period of 2020.
According to the website of the insurance group, the first place in the company’s portfolio with a share of 29.05% was taken by OSAGO, which attracted UAH 171.45 million of insurance premiums, which is 9% more than the corresponding figure for January-March 2020.
Under voluntary medical insurance contracts, TAS Insurance Group attracted UAH 123.68 million in premiums for the first quarter, which is 20.96% of the insurer’s total receipts, and is 60.1% higher than the indicated figure for the three months of last year.
The share of KASKO in the company’s portfolio amounted to 20.14% with UAH 118.89 million of premiums, which is 32% more than a year ago.
The volume of receipts of the insurer under Green Card policies in January-March 2021 amounted to UAH 94.36 million, its share in the insurer’s portfolio reached 15.99%, and the volume is 15.1% higher than the corresponding figure for the reporting period last year.
Under property insurance contracts, the company attracted UAH 18.44 million in January-March. Under other insurance contracts, TAS Insurance Group collected UAH 63.36 million of insurance premiums in the first quarter.

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