STATISTICS: GEORGIA, 3Q2016: The two VIG units are holding about one third of the market
The positive trend reported by the local insurance industry was driven by the increasing GWP recorded by the following classes: GTPL (+66% y-o-y), travel (+16%), health (+13%), life (+12%) and MTPL (+10%). The mentioned classes accounted for 63% of the total market - of which 46.4% - health.
Member of VIENNA Insurance Group since 2006, GPI Holding accounted for the largest share on the local market: 22.6%. ALDAGI ranked second, with a 19.4% market share followed by IMEDI L (17.7%). Top 5 was completed by PSP Insurance (9.3) and the other VIG insurer - IRAO (7.8%).
Access www.xprimm.com and download the 3Q2016 Georgian insurance market statistics.