UKRAINE: TAS premiums rise by 37% from January to September

28 October 2024 — Marina MAGNAVAL
TAS Insurance Group (one of the top 20 insurers in Ukraine) collected UAH 3.47 billion (~EUR 75.80 million) in premiums in the first 9 months of 2024, which is 36.7% more y-o-y, Forinsurer writes.

Motor Hull sales increased by 22.9% to UAH 630.16 million, which is equal to 18.14% of the total insurer’s GWP. MTPL reached UAH 1.05 billion, which is 30.18% of the total premiums for the period and is 27.1% higher y-o-y. The share of Green Card policies in the company's portfolio at the end of the reporting period amounted to 29.5% or UAH 1.02 billion, which is 69.2% more y-o-y. Under voluntary health insurance contracts, the company collected UAH 373.46 million, or 10.75% of the total. It is 32.3% higher y-o-y.

TAS’s paid claims for the first 9 months of 2024 amounted to UAH 1.43 billion (~EUR 31.15 million), which is 53% more than for January - September last year.

Motor Hull paid claims increased by 38.7%, reaching UAH 397.37 million, which is 27.84% of the company's total at the end of the reporting period. MTPL paid claims grew by 33.7% to UAH 468.27 million, which is 32.8% of all company’s payments for the period. Green Card policies accounted for 21.57% or UAH 307.98 million in the TAS’s paid claims portfolio, which is 88.7% more y-o-y. Paid claims in voluntary health insurance almost doubled (by 95.6%), reaching UAH 203.01 million, which is 14.22% of the company's total for the reporting period.

*EUR 1 = UAH 45.83 (as of September 30)



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