Business news from Ukraine

Business news from Ukraine

TAS IG increased sales and payments by almost half

26 December , 2023  

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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