Business news from Ukraine

Business news from Ukraine

TAS IG has increased collection of payments by 62,2%

TAS Insurance Group (Kyiv) has collected UAH 275.8 mln of insurance payments in May 2023, which is 62.2% more than the company’s revenues in the same period of 2022.
According to the message on the insurer’s web-site, UAH 55,24 m of premiums have been attracted due to hull insurance contracts, which makes up 20,03% of the total monthly payments of the company and exceeds the specified indicator for May 2022 by 82%.
The proceeds from MTPL insurance increased by 46.9% up to UAH 96.89 mln, or 35.13% of the total May premiums.
The part of “Green Card” in company’s portfolio was 19.9%, or UAH 54.89mln, which is 37.9% more than in May of the last year.
At the same time, the company collected UAH 15,74 mln of payments according to voluntary health insurance contracts during the reporting period, and UAH 4,69 mln – to property insurance contracts, which is 72,4% more than the corresponding index for the last month of spring 2022.
The amount of receipts of TAS IG on other insurance contracts has reached UAH 48,35 mln according to the results of May.

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IG “TAS” increased payments by 77%

TAS Insurance Group in April has paid 90,94 mln UAH of insurance indemnities according to the concluded insurance contracts, which is 77,1% more than in April of the last year.
According to the message on the website of the insurer, CASCO accounts for more than a quarter of all payments for the month – 29.64%, or UAH 26,96 mln, which is 66,3% more than in the reporting period 2022.
Payments on MTPL insurance have grown by 53.3% up to UAH 34,68 mln, which makes 38,14% of the total payments of the company for a month.
In turn, the part of “Green Card” in April portfolio of insurer’s payments has constituted 16,47%, or 14,98 mln UAH of compensations – in 5,94 times more than a year ago.
Payments on contracts of voluntary medical insurance have increased by 50,9% up to UAH 10,76 mln, which is 11,84% of the total amount of payments of the company per month.
At the same time TAS IG has paid UAH 1,28 mln on property insurance contracts in April – this is 2,67 times more than last year.
The company paid UAH 2,28 mln. as insurance indemnities under other insurance contracts in April.

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TAS IG in January-February has attracted UAH 486 mln of insurance premiums

TAS IG (Kyiv) in January-February 2023 collected UAH 486,39 mln of insurance premiums, which is 6,6% more than in the corresponding period of 2022, according to the web-site of the company.
It is specified that UAH 99,88 mln of payments have been collected on CASCO contracts, or 20,54% of the total amount of premiums and this is by 33,9% more than during the same period of 2022.
Sales of MTPL insurance increased by 17.3% up to UAH 145.54 million or 29.92% of the total receipts of the insurer for two months. Sales of “Green Card” increased by 68.3% to UAH 101.83 million (20.93%).
VMI accounted for 18.3% of Company’s receipts in January-February: UAH 89,01 mln. was collected on voluntary health insurance contracts.
The company attracted UAH 11,8 mln of payments on property insurance contracts for two months. The receipts of the insurer under other insurance contracts amounted to UAH 38,33 mln.

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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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