Business news from Ukraine

TAS GROUP SEES 12.9% RISE IN PREMIUMS IN FEB

30 March , 2020  

The TAS insurance group in February 2020 collected UAH 141.82 million of insurance premiums, which is 12.9% more than in February 2019, the insurer said on its website.
Most of the premiums (37.17%) accounted for compulsory insurance of vehicle owners’ civil liability (OSAGO), of which UAH 52.72 million were collected. This is 31.6% more than a year ago.
Under the voluntary car insurance (KASKO) policies, TAS insurance group attracted UAH 32.08 million in premiums, which is 22.62% of the total insurer’s income for the month, and more than 1.5 times exceeds the same indicator of February 2019. Under the Green Card policies, premiums amounted to UAH 28.5 million (a rise of 20.95%), under voluntary medical insurance policies – UAH 4 million, which is 56.8% higher than the same indicator for the second month of last year. Under other insurance policies in February the group attracted UAH 18.52 million of premiums.
In February, the company paid UAH 70.46 million as indemnities, which is 25.6% more than for the reporting period last year.
More than a third of all insurer payments per month – 35.34% – accounted for compulsory civil liability insurance policies of car owners, under which a total of UAH 24.9 million was reimbursed.
KASKO is in the second place of the February payments portfolio with a share of 30.4%: UAH 21.42 million was reimbursed under the ground transport insurance policies – 32.3% more than a year ago.
Under voluntary medical insurance policies, TAS paid UAH 10.15 million, which is 14.4% of the company’s total payments and 60.4% higher than in February last year.
The share of the Green Card of the payment portfolio of the company amounted to 12.89%: under the relevant policies, TAS compensated UAH 9.09 million during the month, which is over 1.5 times more than in February 2019.
Under other insurance policies, UAH 4.9 million of insurance indemnities were paid.