UKRAINE: TAS Group business grows by 47% in January

24 February 2025 — Marina MAGNAVAL
TAS Insurance Group, one of the leaders in the insurance market, collected UAH 525.33 million (~EUR 12.08 million) under concluded insurance contracts in January 2025, which is 46.8% more y-o-y, Forinsurer writes.

The insurer collected UAH 50.12 million in Motor Hull, which is 9.54% of the company's total GWP for January. The share of MTPL in the company's portfolio at the end of the month was 38.45% (or UAH 201.98 million). The company’s sales of Green Card policies increased by 46.9%, to UAH 135.72 million, which is 25.84% of the total GWP in January.

The share of voluntary health insurance in the TAS portfolio in January was 14% (UAH 73.54 million). And the company collected UAH 8.19 million under property insurance contracts.

Total paid claims of TAS in January 2025 amounted to UAH 202.55 million (~EUR 4.66 million), which is 26.5% more y-o-y. At the same time, more than a quarter of all paid claims (27.63%) were for Motor Hull: under land transport insurance contracts, the company paid UAH 55.96 million, which is 37% more y-o-y.

MTPL paid claims increased by 7.8% (UAH 62.7 million or 30.95% of the total TAS payments for January). Under Green Card policies, TAS Group paid out UAH 46.94 million, which is 23.18% of the total and 49.1% higher than in January 2024.

The company's paid claims in voluntary health insurance increased by 28.3% (UAH 32.13 million or 15.86% of the total paid claims in January), the source writes.

*EUR 1 = UAH 43.48 (31.12.2024)



394 views