For 9 months this year Georgian insurers generated GEL 417.19 million of GWP (EUR 137.66 million), which in local currency is 20.67% more y-o-y. Paid claims for the same period increased by 26.71%, as the data published by the Insurance Supervisory Office of Georgia show.

Non-life sector keeps the biggest stake in GWP (93.4%). The largest contribution to non-life premiums was made by such classes as health insurance (41.32%), Motor Hull (15.48%) and property insurance (15.53%). Life premiums, the market share of which is only 6.6%, nevertheless recorded an impressive growth (+62.38%).

For 3 quarters local insurers paid more claims in the same leading classes - health insurance on the 1^st place (GEL 129.99 million), followed by Motor Hull (GEL 34.32 million) and property insurance (GEL 32.47 million). It's worth noting that paid claims of property insurance went up by 425.06% y-o-y and amounted to the half of GWP, generated in this class as of the end of September.

GPI Holding keeps its leading positions with a market share of 21.07%. For 9 months the leader generated GEL 87.92 million of GWP and its paid claims went up by 38.01%. TOP-3 leading companies out of 17 remained unchanged and include also Aldagi and Imedi L. However, premiums of Aldagi decreased against the growth of its paid claims, and Imedi L had an opposite trend - reduced its paid claims by 12.03% while its premiums recorded growth.

1 EUR = GEL 2.9252 (30.09.2017)

1 EUR = GEL 3.0306 (30.09.2018)

Access http://xprimm.com/ and download 3Q2018 Georgian insurance market statistics.