Business news from Ukraine

TAS INSURANCE GROUP SEES 38% RISE IN PREMIUMS

17 September , 2018  

The TAS insurance group in January-August 2018 attracted UAH 885.15 million in insurance premiums, which is 38.1% more than a year ago. According to a posting on the company’s website, over one third of premiums (34.94%) were from mandatory insurance of civil liability of vehicle owners (OSAGO) policies – UAH 309.26 million (72.7% up year-over-year). Some UAH 187.7 million was collected under Green Card policies (21.21% of total premiums) and 15.5% more than a year ago.
The share of voluntary car insurance (KASKO) was 16.81%. Some UAH 148.78 million was collected under these policies (66% more). Premiums under voluntary medical insurance policies grew by 22.7% year-over-year, to UAH 60.96 million (6.89% of total premiums). The company attracted UAH 32.75 million in premiums under property insurance policies and UAH 145.7 million under other insurance policies.
In January-August 2018, TAS paid UAH 348.66 million in claims, which is 53.6% more than a year ago.

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