Business news from Ukraine

TAS INCREASES PAYMENTS BY 55% IN APR

TAS Insurance Group (Kyiv) paid out UAH 101.57 million of compensation under concluded insurance contracts in April, which is 55.4% more than the corresponding figure for the second month of spring 2020, according to the insurer’s website.
According to a press release, 39.08% of the company’s payments in April fell, in particular, on OSAGO (UAH 39.7 million), which is 56.8% more than in the reporting period last year.
In turn, the share of KASKO in the April portfolio of the insurer’s payments amounted to 32.02%, or UAH 32.53 million (more by 62.3%)
Even more – by 95.1% – the volume of payments under voluntary medical insurance contracts increased: UAH 16.84 million were paid under them in April, which is 16.58% of the total amount of the insurer’s indemnities for the specified period.
According to Green Card policies, TAS paid UAH 10.39 million in April, which is 10.23% of the company’s total payments for the month and is 12.9% more than the corresponding figure for the reporting period of 2020.
Under other insurance contracts, TAS Insurance Group paid out UAH 2.11 million of indemnities in April.

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TAS INSURER INCREASES COLLECTION OF PREMIUMS IN Q1

TAS Insurance Group (Kyiv) in January-March 2021 attracted UAH 590.18 million in premiums, which is UAH 111.98 million, or 28.4% more compared to the reporting period of 2020.
According to the website of the insurance group, the first place in the company’s portfolio with a share of 29.05% was taken by OSAGO, which attracted UAH 171.45 million of insurance premiums, which is 9% more than the corresponding figure for January-March 2020.
Under voluntary medical insurance contracts, TAS Insurance Group attracted UAH 123.68 million in premiums for the first quarter, which is 20.96% of the insurer’s total receipts, and is 60.1% higher than the indicated figure for the three months of last year.
The share of KASKO in the company’s portfolio amounted to 20.14% with UAH 118.89 million of premiums, which is 32% more than a year ago.
The volume of receipts of the insurer under Green Card policies in January-March 2021 amounted to UAH 94.36 million, its share in the insurer’s portfolio reached 15.99%, and the volume is 15.1% higher than the corresponding figure for the reporting period last year.
Under property insurance contracts, the company attracted UAH 18.44 million in January-March. Under other insurance contracts, TAS Insurance Group collected UAH 63.36 million of insurance premiums in the first quarter.

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TAS INSURER RAISES PAYMENTS BY 29% IN DEC 2020

TAS Insurance Group (Kyiv) in the last month of 2020 paid out UAH 95.23 million of compensation under concluded insurance contracts, which is 29.4% more than in December of the year before last, according to the insurer’s website.
More than a third of all payments for the reporting month (39.18%) fell on OSAGO – UAH 37.31 million, which is 58.6% higher than the corresponding figure for the same period in 2019.
The second place in the December portfolio of the company’s payments with a share of 26.76% is occupied by KASKO: under such insurance contracts, UAH 25.48 million was reimbursed, which is 18.2% more than in December 2019.
Payments under voluntary medical insurance contracts increased even more – by 60.6% – under which UAH 17.61 million was reimbursed during the last month of 2020, which is 18.49% of the insurer’s total payments for the reporting period.
As for Green Card policies, TAS paid UAH 12.98 million in January, which is 13.63% of the total amount of the insurer’s indemnities for the month.
Under other insurance contracts in December last year, the company paid UAH 1.85 million in compensation.

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TAS INSURER RAISES PAYMENTS

TAS Insurance Group (Kyiv) in January-November 2020 paid UAH 792.37 million of insurance claims under concluded insurance contracts, which is 21.27% more than in the same period a year earlier (UAH 653.38 million).
According to the insurer’s website, in particular, the company reimbursed UAH 291.66 million under OSAGO policies, which is 36.81% of the total payments for the reporting period and is 11.9% more than the corresponding figure for the 11 months of last year.
The second place in the portfolio of the company’s payments with a share of 30.79% is taken by KASKO: under land transport insurance contracts, TAS paid UAH 244.01 million, which is 42.5% more than was paid in January-November 2019.
Under Green Card policies, TAS Insurance Group reimbursed UAH 123.78 million over the 11 months, which is 15.62% of the total amount of the insurer’s payments and is 28.1% more than this figure for January-November last year.
The volume of payments under voluntary medical insurance contracts increased even more (by 52%) over the year: UAH 107.7 million of compensations were paid under them. Thus, the share of voluntary medical insurance in the insurer’s payment portfolio amounted to 13.59%. In January-November, the company paid out UAH 5.49 million under property insurance contracts. During the reporting period, UAH 19.73 million of compensation were paid under other insurance contracts.

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TAS GROUP RAISES PREMIUMS BY 11.7%

TAS Insurance Group (Kyiv) collected UAH 162.06 million in premiums in November, which is 11.7% more than the company’s receipts in November last year, according to the insurer’s website.
The press release notes that 35.19% of premiums fall on OSAGO – UAH 57.03 million of premiums, which is 7.3% more than in November 2019. Under KASKO agreements, UAH 47.88 million of premiums were attracted, which is 29.54% of the total income of the insurer and is 30.4% more than the corresponding figure for November 2019.
The share of Green Card in the company’s portfolio in November of this year amounted to 13.09%: on such policies UAH 21.21 million of premiums were attracted during the month.
In November, the company paid UAH 84.34 million of compensation under concluded insurance contracts, which is 26.1% more than the amount paid by the insurer for the same period a year earlier.
Under OSAGO policies, UAH 32.27 million was reimbursed during the month, which is 38.27% of the company’s total payments for the month and is 19.2% more than the corresponding figure for November 2019.
The second place in the portfolio of payments with a share of 29.03% at the end of the month is taken by KASKO: under land transport insurance contracts, UAH 24.48 million was reimbursed (more by 41%).

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TAS BECOMES DIRECT SHAREHOLDER IN CONCRETE ASPHALT PLANT

T.A.S. Overseas Investments Limited (Cyprus) belonged to Sergiy Tigipko has become a direct shareholder in private joint-stock company AB Stolychny concrete asphalt plant, building up a 47.89% stake in the company. The private joint-stock company reported in the information disclosure system of the National Commission for Securities and the Stock Market that as of December 31, 2019 T.A.S. Overseas Investments become direct owner of 34.467 million ordinary shares in the plant, which the company owned indirectly via Luregio Limited (Cyprus).
Ukraine’s Antimonopoly Committee of Ukraine on December 13, 2019 permitted T.A.S. Overseas Investments to acquire share in Luregio Limited, which will grant over 50% of the votes in the management body of the company.
The key shareholders of AB Stolychny concrete asphalt plant as of the third quarter of 2019 were Serhiy Samusev and Tigipko with shares of 47.9% and 22.6% respectively, as well as Forvink Limited (Cyprus, 24.7%, while as of the end of 2017, this stake was owned by Wecker Limited). The ultimate beneficiary of the company as of January 19, 2020 was Tigipko.

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