UKRAINE: GWP of the TAS Group rise almost 39% y-o-y from January to July

29 August 2024 — Marina MAGNAVAL
TAS Group (one of the TOP-3 insurers in Ukraine) collected UAH 2,553.35 million (~EUR 57.47 million) for the period from January to July 2024, which is 38.8% higher y-o-y, Forinsurer wrote.

The company's Motor Hull GWP amounted to UAH 473.74 million, which is 18.55% of the total and 25% higher y-o-y. The company's MTPL business increased by 27.5% to UAH 775.25 million, which is equivalent to 30.36% of the total GWP collected during the reporting period.

The share of Green Card policies in the company's portfolio at the end of the period amounted to 29.55% - it reached UAH 754.49 million (+78.8%). In health insurance, TAS collected UAH 232.85 million over seven months, which is 9.12% of the total premiums and 29.8% more y-o-y. In property insurance, TAS collected UAH 53.36 million (+30.7%).

Paid claims of TAS from January to July amounted to UAH 1,103 million (~EUR 24.82 million), which is 57.5% more y-o-y. At the same time, over a quarter of the insurer's total paid claims (27.27%) fell on Motor Hull, or UAH 300.76 million, which is 39.6% higher y-o-y.

MTPL paid claims increased by 34.5% to UAH 363.26 million, which is 32.93% of the total for January-July.

Green Card paid claims increased even more (2.08 times), reaching UAH 244.6 million, which is 22.18% of the total paid claims for January-July. The share of voluntary health insurance in the claims portfolio of TAS for the first seven months was 14.29% or UAH 157.6 million, which is 2.1 times more y-o-y, the source reports.

*EUR 1 = UAH 44.43 (as of July 31, 2024)



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