Business news from Ukraine

Business news from Ukraine

TAS Insurance Group increased payments by 57.5%

19 August , 2024  

In January-July 2024, TAS Insurance Group (Kyiv) paid UAH 1.103 billion under the concluded insurance contracts, which is 57.5% more than the amount of the company’s indemnities for the seven months of the previous year.
More than a quarter of the total volume of payments, or 27.3%, accounted for hull insurance – UAH 300.8 million, which is 39.6% higher than the corresponding figure for 7 months. In 2023, 32.9%, or UAH 364.3 million, was accounted for by MTPL (+34.6%), 22.2%, or UAH 244.6 million, by Green Card (+2.08 times).
The share of VHI in the company’s claims portfolio amounted to 14.29%, or UAH 157.6 million (+2.1 times) over the seven months.
TAS Insurance Company paid out UAH 6.5 million (+38.8%) under property insurance contracts in the reporting period.
Under other insurance contracts, the company paid UAH 30.28 million (+75.2%).
TAS 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: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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