UKRAINE: for Jan-Nov 2021, GWP of the TAS Group increased by more than 20% y-o-y

27 December 2021 — Marina MAGNAVAL
From January to November 2021, TAS Group, which is in top-3 of life and non-life insurance in Ukraine, collected UAH 2.21 billion (~EUR 71.47 million*) in premiums, 20.5% more y-o-y, Forinsurer reported.

The largest share in the company's portfolio (34.22%) is traditionally occupied by MTPL - in this segment TAS collected UAH 759.27 million, which is 16.4% more than in the first eleven months of last year. Motor Hull accounts for 22.98% of the TAS GWP - over the reporting period, Motor Hull premiums increased by almost 27% y-o-y. The third place in the company's portfolio with a 13.82% share belongs to Green Card policies (22.3% or UAH 306.62 million) - here the company recorded an annual growth of 22.3%.

In the voluntary health insurance TAS collected UAH 271.16 million or 12.22% of the company's total GWP, this result is 20.4% higher than in the same period in 2020.

In January - November 2021, paid claims of TAS amounted to UAH 1.03 billion (+31.2%). At the same time, 38.12% of that amount the company paid for MTPL (UAH 396.48 million), with an increase of almost 36% y-o-y. TAS paid claims in Motor Hull increased by 34.1% to UAH 327.33 million. Voluntary health insurance paid claims grew even more (+44.3%), amounting to UAH 155.42 million, which is about 15% of the insurer's total paid claims for the period.

*at the following exchange rate:

1 EUR = 30.9221 UAH (01.12.2021)

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