Business news from Ukraine

TAS IG has increased collection of premiums by 19.1%

Insurance Group “TAS” (Kyiv) in February 2023 collected UAH 212,43 mln of insurance premiums, which is 19,1% more than in February of last year, according to the web-site of the insurer.
Thus, under CASCO contracts the insurer collected UAH 53,21 million of payments, which is 25,05% of the total monthly receipts of the company and is 43,5% more than in the accounting period of 2022.
Besides 34,19% or 72,63 mln UAH of the received payments fell on motor third party liability insurance (+19,8%), 22,44% or 47,66 mln UAH on “Green Card” (+41,4%), 7,56% or 16,06 mln UAH of payments on voluntary medical insurance.
TAS IG has attracted UAH 5,05 mln on property insurance contracts in February – it is 5,3% more than the corresponding figure for the second month of the last year.
TAS IG has collected UAH 17.82 mln of payments under other insurance contracts during the reporting period.

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“TAS” paid out almost UAH 100 mln of indemnities in January

TAS Insurance Group paid UAH 99.74 mln in compensations under the concluded insurance contracts in January 2023, which is 8% more than it was paid by the company in January last year.
According to the insurer’s web-site, over a quarter of all payments in January or 27.94% accounted to CASCO: under contracts of ground transport insurance the company paid UAH 27,86 mln.
The share of MTPL in January portfolio of payments of the company amounted to 35,14%, or 35,05 mln UAH.
The company also reports that in the current year Green Card payments increased 3.8 times up to UAH 23.41 mln, which is 23.47% of the total amount of payments.
At the same time TAS IG paid 10.46 mln UAH according to the voluntary health insurance contracts: this way the share of voluntary health insurance in the Company’s portfolio of payouts for the month was 10,48%.
TAS IG paid UAH 2,96 mln on other insurance contracts in January.

SG “TAS” has increased net premiums by 1.3%

TAS Insurance Group (Kyiv) has attracted UAH 2.343 billion of net premiums in 2022, which is 1.3% more than it was a year before, according to the company’s website.
It is specified that the company has collected UAH 500,89 mln of insurance payments on contracts of land transport insurance (hull insurance), which makes up 21,38% of the total net receipts of the insurer for the year. By obligatory insurance of motor third party liability (OSAGO) the amount of collected premiums has amounted to UAH 846,95 mln (36,15%), and by policies “Green Card” it has grown by 89% compared to the indicator for 2021 – up to UAH 438,57 mln (18,72%).
TAS IG has collected UAH 263.8 mln of net insurance payments according to the contracts of voluntary health insurance in 2022, and the proportion of VMI in the company’s portfolio is 11.26%.
In turn, UAH 63.22 mln of net payments have been collected under the property insurance contracts, and UAH 229.46 mln under other insurance contracts.
TAS IG was registered in 1998. It is a universal company, offering customers more than 80 types of insurance products for various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches.

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TAS IG reduced payments again in December

TAS Insurance Group (Kyiv) paid UAH 91.46 mln of indemnities within the framework of its obligations under the concluded insurance contracts in the last month of 2022, which is 4.2% less than during the same month last year.
In particular, the company has paid UAH 27,71 mln on CASCO insurance contracts, which makes 30,3% of total payments of the insurer for a month and exceeds the corresponding figure for December 2021 by 5,5%.
UAH 30,17 mln or 32,99% of the total payments on policies of MTPL insurance, UAH 18,51 mln (+13,2%) or 20,23% on contracts of voluntary health insurance, UAH 10,79 mln or 11,8% of the total payments for a month.
TAS IG paid UAH 1.29 mln. according to property insurance contracts in December 2022, and UAH 2.99 mln. according to other insurance contracts, which is 8.4% more than in December 2021.
TAS IG was registered in 1998. It is a universal company offering 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.

TAS Insurance Group reduced payments by 11.9% in 11 months

Insurance Group “TAS” (Kyiv) has paid out UAH 812,9 mln of insurance compensations in January-November 2022, which is 11,9% less than in the same period of 2021.
According to the insurer’s web-site, in particular, UAH 223.75 mln, or 27.53% of the total amount, has been paid out under motor hull insurance contracts.
MTPL insurance contracts (39.75%) accounted for 323.12 mln UAH, and “Green Card” contracts – 15.58% or 126.66 mln UAH in total volume of insurer’s payments.
At the same time under the contracts of voluntary health insurance TAS IG has paid UAH 105,89 mln, which is 13,03% of the total amount of reimbursements paid by the company for 11 months.
The insurance group has paid UAH 7,67 mln. according to the property insurance contracts.
Its payments on other insurance contracts in January-November 2022 amounted to UAH 25,76 mln, which is 14,7% more than in the same period of 2021.

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TAS Insurance Group reduced payments in November by almost third

TAS Insurance Group (Kyiv) paid UAH 73.95 mln in compensation under insurance contracts in November 2022, which is 31.1% less than during the same period a year earlier.
As it is stated on the web-site of the company, payments on CASCO contracts amounted to UAH 21,58 mln, which is 29,18% of total payments of the company per month, on MTPL – UAH 27,82 mln or 37,62% of total payments.
In turn, the share of “Green Card” in the payments portfolio of the company for the month was 16,24% or UAH 12,01 mln.
At the same time the indemnities of “TAS” Insurance Group based on voluntary medical insurance contracts in November amounted to UAH 9,45 mln, which is 12,78% of the total indemnities for the month.
Under other insurance contracts in the last month of autumn 2022 TAS IG has paid UAH 3,09 mln.
TAS IG was registered in 1998. It is a universal company, offering customers more than 80 types of insurance products for 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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