STATISTICS: Georgia, 3Q2017: The local market went up by 9.30%, to GEL 345.72 million

In 3Q 2017, the Georgian insurance market went up by 9.30%, to GEL 345.72 million, according to data published by the Insurance Supervisory Office - ISO. Claims paid by insurers increased by 7.40% to GEL 174.09 million.

On insurance classes, the life segment decreased by 14.29%, while the non-life GWP increased by 10.88% due the strong increase reported by the motor insurance, aviation hull insurance, property insurance, financial risks and cargo classes.

The Top-5 insurers generated about 73.30% of the market GWP: GPI Holding VIG accounted for the largest share on the local market (24.09%), followed by ALDAGI (20.59%), Imedi L (12.68%), PSP Insurance (8.41%) and ARDI Insurance (7.53%).

Access www.xprimm.com and download the 3Q2017 Georgian insurance market statistics.

Share |

Related articles

ON THE MOVE

Three new appointments at XL Catlin insurance operations

XL Catlin insurance operations announced on 4 June three appointments: Donnacha SMYTH as President Global Excess Casualty Insurance; Carla GREAVES as Chief Underwriting Officer, Global Excess Casualty; Aurelie FALLON SAINT-LO as Senior Underwriter, Environmental and Client & Distribution Leader for Western France.

07.06.2018

TOP EVENT

5th Annual Insurance Business Forum "Challenges of the Year 2018"

will take place on September 17-21, 2018 in Sochi
The upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.

12.06.2018

See all