STATISTICS: GEORGIA, FY2015: The two units of VIG accounted for about 30% of local insurance market
The aggregate GWP portfolio consisted mainly of health insurance - GEL 150 million (~43% of total GWP), followed by property insurance line - GEL 69 million (19% of total), motor hull policies - GEL 56 million (16%) and life segment - GEL 25 million (7%).
Up until December 2015, in the Georgian insurance market operated 14 companies.
By gross premium written volume, the market leader was GPI Holding VIG with GEL 73 million (~EUR 28 million, 20.3% market share), followed by ALDAGI - GEL 71 million and IMEDI-L with GEL 63 million.
The fourth an fifth places were accounted by UNISON - GEL 31 million and IRAO VIG - GEL 29 million.
Access www.xprimm.com and download the FY2015 Georgian insurance market statistics.
Market portfolio (in EUR and GEL):
- Gross written premiums
- Paid claims
- Growth rates
Market rankings (GWP/Claims/Market shares/Growth rates - in EUR and GEL):
- Total market ranking
- Life insurance ranking
- Non-life insurance ranking