Business news from Ukraine

TAS INSURER OPENS 35 NEW BRANCHES IN 2018

5 February , 2019  

Kyiv-based TAS Insurance Group opened 35 new branches in Khmelnytsky, Lviv, Zakarpattia, Vinnytsia, Poltava, Sumy, Rivne regions, as well as in other regions of Ukraine in 2018, according to the company’s website. The company also informs that new sales centers opened not only in those small towns where they did not previously have their offices, but also in cities where several of its branches already worked. For example, last year new representative offices of the company began work in the cities of Vinnytsia, Dnipro, Kharkiv, Rivne, Sumy and others.
As reported, more than 1.9 million insurance contracts were concluded by the insurer with more than 1 million customers in 2018. The company’s insurance revenue for 2018 exceeded UAH 1.387 billion. In this case, car insurance accounted for the lion’s share of collected premiums. In particular, UAH 481.15 million in premiums was raised under OSAGO (mandatory insurance of civil liability of vehicle owners) agreements, UAH 273.01 million under Green Card agreements, and UAH 255.03 million under KASKO (voluntary car insurance) agreements.

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