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.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

See all