UKRAINE: GWP of TAS insurance group for January-May increased by more than 25% y-o-y

22 June 2021 — Marina MAGNAVAL
The TAS Insurance Group, one of the leaders in the Ukrainian insurance market, increased its GWP by 25.4% y-o-y in the first five months of 2021 to UAH 967.74 million (~EUR 28.87 million*), Forinshurer said.

The first place in the insurer's portfolio belongs to compulsory civil liability insurance of vehicle owners (UAH 313.09 million or 32.35%), and the company's GWP in this segment increased by 11.6% compared to the same period in 2020.

The second place with a share of 20.64% is occupied by Motor Hull, GWP for which in January-May reached UAH 199.71 million, which is 40.2% more y-o-y. The company generated UAH 141.57 million in the voluntary health insurance (+54.5%), and Green Card policies rank fourth (UAH 140.74 million) - this segment in the TAS portfolio grew by 29.5%.

The company's paid claims also recorded growth - to UAH 466.32 million (+40.9%). The first place in the portfolio of paid claims with a share of 37.58% again belongs to compulsory civil liability insurance of vehicle owners. Almost a third (32.83%) the company paid for Motor Hull, which is followed by voluntary health insurance (UAH 75.46 million) and Green Card policies (UAH 51.38 million).

*at the following exchange rate:

1 EUR = 33.5116 UAH (01.06.2021)

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