Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased payments by 48.3%

29 January , 2024  

In 2023, TAS Insurance Group (Kyiv) paid out a total of UAH 1.341 billion under the concluded insurance contracts, which is 48.3% more than the company’s indemnities for 2022.

According to the company’s website, payments under hull insurance contracts increased by 60.2% to UAH 402.78 million, which is 30.03% of the insurer’s total payments for 2023, MTPL – by 39% to UAH 491.21 million (36.62%), Green Card – by 64% to UAH 35.5 million (25.3%).

Payments under the Green Card increased by 2.9 times to UAH 238.05 million, which is 17.75% of the total amount of payments made by the insurer for the reporting period. VHI payments for the year increased by 44.2% to UAH 168.28 million (12.55%).

Under property insurance contracts, the company paid UAH 10.72 million last year, which is 19.6% more than in 2022.

Under other insurance contracts, TAS IG paid UAH 30.2 million in 2023.

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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