GEORGIA: In the 2nd quarter GPI Holding paid the biggest claim

According to preliminary data of the State Insurance Supervision Service of Georgia in the second quarter of this year, local insurers generated GEL 295.28 million (~EUR 103.47 million) of direct insurance premiums.

For April-June, the net income of the local insurers amounted to GEL 16.34 million (~EUR 5.73 million), assets - GEL 699.37 million (~EUR 245.07 million). The biggest claim in the period under consideration amounted to GEL 37.4 million (~EUR 13.1 million) and was paid by GPI Holding; next, in terms of paid claim size, comes IMEDI L (GEL 19.2 million or about EUR 6.73 million) and the third is ALDAGI (GEL 18.5 million or about EUR 6.48 million).

As of the end of the second quarter the local market was represented by 17 registered insurance companies, 16 of them with both life and non-life licenses.

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