Business news from Ukraine

TAS Insurance Group increased payments by 37.7%, payments by 57.9%

In January-February 2024, TAS Insurance Group (Kyiv) collected UAH 669.95 million in insurance payments, which is 37.7% more than in the same period last year, according to the insurer’s website.

Thus, CASCO sales increased by 22% to UAH 121.81 million in insurance premiums, which is 18.18% of the company’s fees in January-February.

MTPL accounted for 29.26% of the total volume, or UAH 196.04 million (+34.7%), Green Card – 26.34%, or UAH 176.43 million (+73.3%), VHI – 16.24%, or UAH 108.78 million (+22.2%).

Under property insurance contracts, TAS Group has raised UAH 16.7 million in insurance premiums over the past two months, which is 41.5% more than in January-February last year.

Under other insurance contracts, the company collected UAH 50.18 million in premiums during the reporting period (+30.9%).

As reported, in January-February 2024, the company paid UAH 308.81 million under the concluded insurance contracts, which is 57.9% more than the company’s indemnities for the same two months of the previous year.

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.

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TAS Insurance Group increased payments by 58%

In January-February 2024, TAS Insurance Group (Kyiv) paid UAH 308.81 million under the concluded insurance contracts, which is 57.9% more than the company’s claims for the same two months last year.

According to the insurer’s website, the company’s payments under hull insurance contracts reached UAH 88.43 million, which is 28.64% of the total amount of the insurer’s payments and 38% higher than the corresponding figure for the same period in 2023.

Motor TPL claims increased by 57.7% to UAH 111.05 million, which is equal to 35.96% of the company’s total claims for the reporting period. At the same time, the share of “Green Card” in the insurer’s claims portfolio in January-February amounted to 16.82% or UAH 51.93 million (+49.3%).

VHI payments increased 2.3 times to UAH 47.7 million (15.45% of total claims).

In January-February, the company paid UAH 2.12 million under property insurance contracts and UAH 7.58 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 of 28 regional directorates and branches.

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TAS Insurance Group increased payments by one and half times in February

In February 2024, TAS Insurance Group (Kyiv) paid UAH 148.73 million under the concluded insurance contracts, which is 55.2% more than the company’s claims in February last year.

According to the insurer’s website, 31.99%, or UAH 47.58 million, was accounted for by motor hull insurance, which is 31.3% more than in the same period in 2023, 35.57%, or UAH 52.9 million, by MTPL, which is 49.5% more.

Payments under the Green Card increased by 79.9% to UAH 20.45 million, which is equal to 13.75% of the total amount of payments made by the insurer for the month.

At the same time, the company paid UAH 22.65 million under voluntary health insurance contracts in February, which is 15.23% of the company’s total payments for the month and 2.21 times higher than the corresponding figure for the same period in 2023.

Last month, TAS Group paid UAH 1.02 million under the concluded property insurance contracts. The volume of payments made by the insurer under other insurance contracts in the reporting period amounted to UAH 4.13 million.

TAS IG 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.

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TAS Insurance Group increased premium collection by 30.6% in January

In January 2024, TAS Insurance Group attracted UAH 357.76 million in insurance premiums, which is 30.6% more than the amount of payments collected by the company during the first month of last year.

According to the company’s website, motor hull insurance premiums amounted to 15.19% of the total, or UAH 54.34 million, which is 16.4% higher than in January 2023, motor third party liability insurance premiums – 26.96%, or UAH 96.47 million (+32.3%), Green Card premiums – 25.82%, or UAH 92.3 million (+70.6%), and voluntary health insurance premiums – 21.54%, or UAH 77.07 million (+5.6%).

At the same time, UAH 10.46 million of premiums were collected under property insurance contracts, which is 54.9% more than in January last year.

Under other insurance contracts, TAS IG collected UAH 27.04 million of insurance premiums in the reporting period.

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.

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TAS Insurance Group has concluded more than 2.45 mln insurance contracts, including 43% of MTPL

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.

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TAS Insurance Group increased premiums by 45.5% and payments by 48.3%

In 2023, TAS Insurance Group (Kyiv) collected UAH 3.540 billion in premiums under insurance contracts, which is 45.5% more than in 2022.

According to the company’s website, in particular, the insurer collected UAH 723.23 million in insurance payments under hull insurance contracts, which is 41% higher than in 2022 and accounts for 20.43% of total premiums.

In turn, UAH 1.150 billion of payments (+35.8%) were made for MOTPL, which is 32.48% of the total premiums for the year. Sales of the Green Card increased even more significantly, by 78.2%, to UAH 856.74 million, or 24.2% of the company’s total payments for the year.

At the same time, the share of VHI in the insurer’s portfolio amounted to 10.93% last year. Under voluntary health insurance contracts, TAS Group attracted UAH 386.91 million in premiums, which is 46.7% more than in 2022.

The company’s payments under property insurance contracts amounted to UAH 84.42 million, which is 13.8% higher than the corresponding figure for the year before last, and UAH 338.78 million of payments under other contracts (+33%).

As reported, in 2023, TAS IG paid a total of UAH 1.341 billion under the concluded insurance contracts, which is 48.3% more than the company’s indemnities for 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.

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