Business news from Ukraine

TAS Insurance Group increased payments by 37.7%, payments by 57.9%

26 March , 2024  

In January-February 2024, TAS Insurance Group (Kyiv) collected UAH 669.95 million in insurance payments, which is 37.7% more than in the same period last year, according to the insurer’s website.

Thus, CASCO sales increased by 22% to UAH 121.81 million in insurance premiums, which is 18.18% of the company’s fees in January-February.

MTPL accounted for 29.26% of the total volume, or UAH 196.04 million (+34.7%), Green Card – 26.34%, or UAH 176.43 million (+73.3%), VHI – 16.24%, or UAH 108.78 million (+22.2%).

Under property insurance contracts, TAS Group has raised UAH 16.7 million in insurance premiums over the past two months, which is 41.5% more than in January-February last year.

Under other insurance contracts, the company collected UAH 50.18 million in premiums during the reporting period (+30.9%).

As reported, in January-February 2024, the company paid UAH 308.81 million under the concluded insurance contracts, which is 57.9% more than the company’s indemnities for the same two months of the previous 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.

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