Business news from Ukraine

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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TAS Insurance Group in January-October reduced payments by more than 20%

TAS Insurance Group (Kyiv) in January-October paid 738.9 mln. UAH of indemnities under the concluded insurance contracts, which is 20.8% less than the amount of payments made in 10 months.
Most of the payments with a share of 39.96% took CMTPL – 295.3 million UAH (-15.3%), CASCO with a share of 27.36% (202.17 million UAH, -32.5%), VMI with a share of 13.05% (96.4mln UAH, -30%) compared to January-October of last year.
The company paid out UAH 114,65 mln on policies “Green Card”, which amounts to 15,52% of the total indemnities of the insurer (-1,4%).
In turn, 7,4 mln UAH have been paid out for 10 months on property insurance contracts, and 22,95 mln UAH on other insurance contracts, which is 9,5% more than the corresponding figure for the same period last year.

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TAS insurer reduces payments

TAS Insurance Group (Kyiv) in January-August 2022 paid UAH 589.22 million as compensation, which is 19.3% less than in the same period a year earlier (UAH 730.58 million), according to the company’s website.
At the same time, it is noted that 27.1% of the total insurer’s payments fall on KASKO (UAH 159.66 million), 40.19% – on OSAGO (UAH 236.81 million), 14.97% – on Green Card (UAH 88.21 million).
Voluntary medical insurance accounted for 13.34% of all payments, or UAH 8.61 million.
At the same time, under property insurance agreements, TAS paid UAH 5.42 million for the specified period, which is 5.6% more than a year ago.
The volumes of payments under other insurance contracts also increased by 20.9%: in January-August of this year, TAS paid a total of UAH 20.51 million on them.
TAS was registered in 1998. It is a universal company offering customers over 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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TAS insurance group reduced payments by almost a quarter in Jan-July

In January-July of this year, including more than five months of a full-scale war, the TAS Insurance Group paid UAH 504.11 million under concluded insurance contracts, or 22.4% less than in the same period of 2021, reported on the website of the insurer.
It is also noted that the first place in the insurer’s portfolio of payments with a share of 41.71% was taken by OSAGO, for which payments amounted to UAH 210.27 million. More than a quarter of all payments, or 27.44%, fell on CASCO – UAH 34 million.
The third position in the company’s payout portfolio with a share of 13.49% was occupied by VHI – UAH 67.99 million.
Not much less in the total amount of payments was the share of the “Green Card” – 12.79%, or UAH 64.47 million.
At the same time, under property insurance agreements, SG TAS paid UAH 4.99 million for the reporting period, which is 12.8% more than in seven months of last year.
Under other insurance contracts, the company paid UAH 18.05 million in compensation, exceeding the figure for January-July last year by 15.1%.

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