Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased payments by 31%

In August 2024, TAS Insurance Group (Kyiv) paid UAH 149.7 million under the concluded insurance contracts, which is 30.7% more than the amount of the company’s indemnities for the same month last year, according to the insurer’s website.
More than a quarter of the volume of payments, or 28.7%, fell on hull insurance – UAH 42.9 million, which is 10.2% more than the corresponding figure for August 2023, 34.1%, or UAH 51.04 million – on MTPL (+25.8%), 16.7%, or UAH 25 million – on the Green Card (+37.8%).
The share of VHI in the company’s claims portfolio amounted to 14.9%, or UAH 22.23 million (+66.6%) for the first seven months of the year.
Under other insurance contracts, the company paid UAH 8.43 million (+2.4 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.

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TAS Insurance Group increased payments by 57.5%

In January-July 2024, TAS Insurance Group (Kyiv) paid UAH 1.103 billion under the concluded insurance contracts, which is 57.5% more than the amount of the company’s indemnities for the seven months of the previous year.
More than a quarter of the total volume of payments, or 27.3%, accounted for hull insurance – UAH 300.8 million, which is 39.6% higher than the corresponding figure for 7 months. In 2023, 32.9%, or UAH 364.3 million, was accounted for by MTPL (+34.6%), 22.2%, or UAH 244.6 million, by Green Card (+2.08 times).
The share of VHI in the company’s claims portfolio amounted to 14.29%, or UAH 157.6 million (+2.1 times) over the seven months.
TAS Insurance Company paid out UAH 6.5 million (+38.8%) under property insurance contracts in the reporting period.
Under other insurance contracts, the company paid UAH 30.28 million (+75.2%).
TAS 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.

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“TAS” will insure Ukraerorukh vehicles under MTPL program

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.

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TAS Insurance Group increased premiums collection by 47.2%

In January-April 2024, TAS Insurance Group (Kyiv) collected UAH 1279.69 million in insurance premiums, which is 47.2% more than in the first four months of last year.

According to the insurer’s website, motor hull insurance premiums amounted to 19.24% of the total or UAH 246.18 million, which is 30.2% higher than the corresponding figure for January-April 2023, MTPL premiums – 30.79% or UAH 393.98 million (+35%), Green Card – 31% or UAH 396.59 million (2.04 times).

In January-April, TAS Group collected UAH 116.7 million in premiums under voluntary health insurance contracts, which is 9.12% of the total premiums and 12.7% higher than the corresponding figure for the same period last year.

In turn, property insurance contracts attracted UAH 28.68 million of insurance premiums, which is 34.7% more than in the same period last year.

Under other insurance contracts for the four months of 2024, the company collected UAH 97.56 million in payments, an increase of 40.4%.

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TAS Insurance Group increased payments by 57.2%

In January-April 2024, TAS Insurance Group (Kyiv) paid UAH 628.6 million in insurance claims under the concluded insurance contracts, which is 57.2% more than the total amount of the company’s payments for the corresponding period last year, according to the insurer’s website.

In addition, it is noted that 27.58% or UAH 173.34 million of payments were made on hull insurance, which is 40.4% more than in the same period last year, for MTPL – by 35.07%, or UAH 220.46 million (+44.4%), Green Card – by 19.34%, or UAH 121.56 million (+75.7%).

VHI payments increased even more – in fact, by 2.3 times – to UAH 93.42 million, which is 14.86% of the total amount of payments made by the insurer in the reporting period.

TAS IG paid UAH 3.43 million under property insurance contracts and UAH 16.39 million under other insurance contracts.

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

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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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