STATISTICS: GEORGIA, 3Q2015: The market was up by 29% due to the impressive growth on the health segment
Per insurance classes, the GWP portfolio was formed in proportion of 44.5% - health insurance, 19.6% - property insurance, 14.9% - motor hull policies and 6.1% - life. The remaining rest (15%) was completed by other non-life sub-classes.
Overall, during January-September 2015 the Georgian insurers paid claims of about GEL 151.5 million (EUR 56.7 million), of which more than 62% were related to health insurance class.
In terms of gross written premiums, the market ranking is dominated by three insurers - which have together a 57% market share GPI Holding (19.6%), ALDAGI (19.1%) and IMEDI L (18.5%).
Access www.xprimm.com and download the 3Q2015 Georgian insurance market statistics.
Market portfolio & market ranking (in EUR and GEL):
- Gross written premiums
- Paid claims
- Growth rates
- Market shares