Business news from Ukraine

TAS Insurance Group increased premiums by 45.5% and payments by 48.3%

2 February , 2024  

In 2023, TAS Insurance Group (Kyiv) collected UAH 3.540 billion in premiums under insurance contracts, which is 45.5% more than in 2022.

According to the company’s website, in particular, the insurer collected UAH 723.23 million in insurance payments under hull insurance contracts, which is 41% higher than in 2022 and accounts for 20.43% of total premiums.

In turn, UAH 1.150 billion of payments (+35.8%) were made for MOTPL, which is 32.48% of the total premiums for the year. Sales of the Green Card increased even more significantly, by 78.2%, to UAH 856.74 million, or 24.2% of the company’s total payments for the year.

At the same time, the share of VHI in the insurer’s portfolio amounted to 10.93% last year. Under voluntary health insurance contracts, TAS Group attracted UAH 386.91 million in premiums, which is 46.7% more than in 2022.

The company’s payments under property insurance contracts amounted to UAH 84.42 million, which is 13.8% higher than the corresponding figure for the year before last, and UAH 338.78 million of payments under other contracts (+33%).

As reported, in 2023, TAS IG paid a total of UAH 1.341 billion under the concluded insurance contracts, which is 48.3% more than the company’s indemnities for 2022.

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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