Business news from Ukraine

Business news from Ukraine

TAS IG increased sales and payments by almost half

In January-November 2023, TAS Insurance Group (Kyiv) collected insurance payments in the amount of UAH 3.224 billion, which is 46.6% more than the amount raised in the same period a year earlier.

According to the insurer’s website, the company collected UAH 652.81 million in insurance premiums under hull insurance contracts over 11 months, which is 20.25% of the total amount of the insurer’s payments and 44.1% higher than in January-November 2022.

The volume of premiums for MOTPL amounted to 32.23% or UAH 1.039 billion (+36.7%), for Green Card – 24.06% or UAH 775.65 million (+76.8%), for voluntary health insurance – 11.73% or UAH 378.3 million (+48.4%). Property insurance contracts attracted UAH 65.2 million in premiums, which is 13.4% more than in the same period last year.

Under other insurance contracts, TAS Group collected UAH 313.19 million in premiums for eleven months of 2023, which is 33.2% more than in January-November 2022.

As reported, the company paid UAH 1.2 billion (+47.7%) in indemnities during this period.

UAH 363 million (+62.2%) was paid under hull insurance contracts, which is 30.23% of the total amount of payments by the insurer, UAH 451.4 million (+39.7%), or 37.6%, Green Card – UAH 202.55 million (+59.9%), or 16.87% of the total amount of claims, VHI – UAH 145.7 million (+37.6%), or 12.3%.

Under property insurance contracts, TAS IG paid UAH 9.24 million in January-November, which is 20.4% more than in the same period last year. The company’s payments under other insurance contracts amounted to UAH 28.77 million.

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 premium collection by 40.1%, payments by 96.1%

In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 40.1% to UAH 299.31 million compared to the same period in 2022, according to the group’s website.

The collected premiums under hull insurance contracts for the period amounted to UAH 71.66 million, which is 23.94% of the company’s total premiums and 16.5% higher than the corresponding figure for November 2022.

MTPL accounted for 35.81% of the premiums collected, or UAH 107.18 million of premiums, which is 31.8% more than last year, while Green Card accounted for 27.14% or UAH 81.23 million of payments (+88.3%).

In turn, under voluntary health insurance contracts, TAS IG attracted UAH 6.89 million of insurance premiums, which is 63.2% more, under property insurance contracts – UAH 6.09 million of insurance payments, under other insurance contracts – UAH 26.26 million, which is 52.4% more than last 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.

In November 2023, the company increased payments by 96.1% to UAH 145 million.

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TAS Insurance Group increased premium collection by 96.1%

In November 2023, TAS Insurance Group (Kyiv) increased the volume of premiums collected by 96.1% to UAH 145 million compared to the same period in 2022, according to the group’s website.

According to the company, hull insurance payments increased by 74% to UAH 37.54 million compared to November last year, which is 25.89% of the company’s total claims for the month.

More than a third of payments (37.18%) accounted for MOTPL, or UAH 53.92 million, which is 93.8% higher than the corresponding figure for the 11th month of 2022.

The insurer’s payments under the Green Card also increased by 2.16 times to UAH 26 million, which is equal to 17.93% of the company’s total payments in November 2023.

TAS Group’s VHI payments increased by 2.31 times to UAH 21.83 million, which amounted to 15.06% of the company’s total claims for the month.

Under property insurance contracts, the group paid UAH 2.38 million, which is 8.5 times more than in the same period last year.

The company’s claims paid under other insurance contracts amounted to UAH 3.33 million for the month.

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 offices and branches.

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IG “TAS” has increased payments by 47.8%, payments – by 38.1%

Insurance group “TAS” (Kyiv) in January-September 2023 collected UAH 2.542 billion of insurance payments, which is 47.8% more than in the three quarters of 2022, according to the company’s website.
Of these, 512.77 million UAH was collected under CASCO, which is 51.2% more than in the same period a year earlier, MTPL – 825.11 million UAH (+37.6%), “Green Card” – 605.8 million UAH (+23.83%), voluntary health insurance – 288.22 million UAH (+53.8%)
At the same time, under property insurance contracts TAS Insurance Group has collected UAH 53,84 mln in the nine months of the current year, payments – by 12,6% more than in the same period last year, under other insurance contracts – UAH 262,47 mln (+31%).
During the reporting period, the insurance group “TAS” has paid UAH 933,21 mln as indemnities under the concluded insurance contracts – by 38,1% more than this indicator for January-September 2022.
UAH 286,59 mln (+56,5%) has been paid under hull insurance contracts, that makes 30,71% of the total amount of payments of the insurer, under CMTPL insurance – UAH 350,13 mln (+31,2%) and 37,52% of total payments, under “Green Card” – UAH 163,2 mln (+47,6%) and 17,49% of the total amount of payments, under voluntary medical insurance – UAH 103,79 mln (+19,5%) and 11,12%.
In turn, the amount of payouts of SG “TAS” under property insurance contracts has amounted to UAH 5,83 mln. Under other insurance contracts the company has paid UAH 23,67 mln as insurance indemnities.
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.

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TAS Insurance Group has increased payments by 37%

In September, TAS Insurance Group (Kyiv) paid out a total of UAH 118.5 million under the concluded insurance contracts, which is 37.1% more than the amount of the company’s indemnities in September last year.

According to the company’s website, payments under hull insurance contracts increased by 37.7% to UAH 32.29 million compared to the reporting period of 2022, which is 27.25% of the insurer’s total payments for September this year, MTPL – by 31.1% to UAH 39.43 million (33.27%), Green Card – by 22.5% to UAH 27.35 million (23.08% of total payments).

At the same time, VHI payments increased by 86.4% to UAH 15.41 million, which is 13% of the total amount of payments made by the insurer for the reporting period.

Under other insurance contracts, TAS IG paid UAH 4.02 million in insurance indemnities for the month, which is 75% more than a year ago.

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 44.8%, claims by 39%

In January-July 2023, TAS Insurance Group (Kyiv) attracted UAH 1839.71 million in insurance payments, which is 44.8% higher than the insurer’s revenues for the corresponding period last year, according to its website.

In particular, the company collected UAH 379.02 million of payments under hull insurance contracts, which is 20.6% of the total amount of premiums raised and 62.2% more than this figure for the first seven months of 2022, MOTPL – UAH 608.08 million (33.05%), an increase of 38.7%, Green Card – UAH 422.01 million (22.9%), an increase of 68.6%, and voluntary health insurance – UAH 79.4 million (9.75%), an increase of 14.7%.

During the reporting period, the company collected UAH 40.84 million in premiums under property insurance contracts, which is 38.1% more than in the previous year. Other contracts amounted to UAH 210.36 million of payments (+29.8%).

As reported, during the reporting period, the company paid UAH 700.16 million in insurance indemnities, or 38.9% more than in the corresponding period last year, according to the insurer’s website.

Payments under hull insurance contracts increased by 55.7% (compared to January-July 2022), to UAH 215.37 million, which is 30.76% of the total amount of payments of the insurer. Motor third party liability insurance increased by 28.5% to UAH 270.12 million (38.58%), Green Card – by 82.6% to UAH 117.73 million (16.81%), voluntary health insurance – by 10.3% to UAH 74.98 million (10.7%).

TAS Insurance Group paid out UAH 4.68 million in indemnities under property insurance contracts for the period under review. The company’s claims paid under other insurance contracts amounted to UAH 17.28 million over the seven months.

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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