Georgia
STATISTICS: GEORGIA, 1H2026: Health insurance leads the market in terms of GWP and paid claims
In the first half of 2026, Georgia's insurance market grew by 15.95% in local currency, reaching GEL 930.03 million (EUR 308.41 million), according to data published by the State Insurance Supervision Service of Georgia.
8 September 2026GEORGIA: Fitch affirms one of the market leaders - TBC Insurance at 'BB' with stable outlooks
Fitch Ratings has affirmed TBC Insurance JSC's Insurer Financial Strength (IFS) Rating and Long-Term Issuer Default Rating (IDR) at 'BB' with Stable Outlooks.
11 August 2026GEORGIA: Insurance sector net profit up 19% in 1Q2026
In the first three months of this year, net profit in the insurance sector increased by 19.2%, from GEL 26 million to GEL 31 million (~EUR 10 million), Business Georgia reports.
17 June 2026STATISTICS: GEORGIA, 1Q2026: Health insurance generates over 58% of all market premiums
In the first quarter of 2026, Georgia's insurance market grew by 15.10% in local currency, reaching GEL 521.34 million (EUR 168 million), according to data published by the State Insurance Supervision Service of Georgia.
8 June 2026GEORGIA: Insurance market grows by approximately 300% in a decade
Total insurance sector revenue for 2025 reached GEL 1.41 billion (EUR 444.66 million), up from GEL 400 million in 2016, representing a growth of approximately 300% over the past decade, Business Georgia reports.
12 May 2026STATISTICS: GEORGIA, FY2025: GWP rose double-digitally, while paid claims increased only slightly
At the end of 2025, Georgia's insurance market grew by 12.06% in local currency, reaching GEL 1,411.22 million (EUR 444.66 million), according to data published by the State Insurance Supervision Service of Georgia. It's worth noting that in euro, market growth was only 3.47%, due to the change in the lari/euro exchange rate compared to 2024.
14 April 2026GEORGIA: Compulsory motor insurance is vital due to rapid growth in the number of vehicles and accidents
Georgian authorities plan to introduce compulsory civil liability insurance for vehicle owners. This follows from a government's legislative action plan, which is scheduled to be presented to parliament during the spring session. Prime Minister Irakli Kobakhidze approved the plan on January 30, according to NewsGeorgia.
9 February 2026GEORGIA: The insurance sector is entering a new phase
Georgia's insurance sector regulator plans to introduce a new solvency assessment system based on European standards. This means that the sector is entering a new phase, Business Georgia writes.
12 January 2026GEORGIA: Tourists required to have insurance policy from January 1, 2026
Starting January 1, 2026, tourists entering Georgia will be required to have insurance policy, Business Georgia reports.
17 December 2025STATISTICS: GEORGIA, 3Q2025: Health insurance generates almost 44% of the total GWP
At the end of 3Q2025, Georgia's insurance market grew by 11.77% in local currency, reaching GEL 1,098.25 million (EUR 346.02 million), according to data published by the State Insurance Supervision Service of Georgia.
3 December 2025GEORGIA: Deposit insurance limit to increase
Starting April 1, 2026, the maximum deposit insurance limit in Georgia will be increased from GEL 30,000 to GEL 50,000 (equivalent to USD 18,400), according to a post on the Faeton Telegram channel.
13 October 2025GEORGIA: Only 8% of registered cars in Georgia are insured
According to the report of the State Insurance Supervision Service of Georgia for the second quarter of 2025, only 8% of registered cars in Georgia are insured. According to the National Statistics Service, there are currently 1,847,988 cars registered in Georgia, Business Georgia writes.
15 September 2025STATISTICS: GEORGIA, 1H2025: GWP rise by 12.70%, while paid claims decline by 12.56%
According to the State Insurance Supervision Service of Georgia, in the first half of 2025, total GWP amounted to GEL 802.13 million (EUR 251.59 million), which is 12.70% more y-o-y. It is noteworthy that paid claims on the market decreased at a similar pace - by 12.56%, to GEL 362.58 million (EUR 113.73 million).
8 September 2025GEORGIA: Net profit of the insurance sector in 1Q2025 reached GEL 26 million
In 1Q2025, total insurance income (the difference between premiums and expenses) reached GEL 76 million from GEL 69 million a year earlier.
11 June 2025STATISTICS: GEORGIA, 1Q2025: GWP up almost 14%, while paid claims fall by 3%
According to the 1Q results, the Georgian insurance market grew by 13.88% in local currency, reaching GEL 452.92 million (EUR 151.90 million), according to data published by the Insurance Supervision Service of Georgia.
5 June 2025GEORGIA: Health insurance occupies about 42% of the insurance market
The health insurance market in Georgia in 2024 increased by 19.5% to GEL 533.8 million (~EUR 182.14 million), NEWSGEORGIA writes with reference to the sector review from TBC Capital.
2 June 2025The Georgian International Insurance Conference 2025 agenda is now live! Register now!
The highly anticipated Georgian International Insurance Conference 2025, organized by XPRIMM, is set to take place on June 12–13, 2025, at the Sheraton Hotel in Batumi, Georgia. This premier industry event will bring together leading professionals from the insurance and reinsurance sectors to discuss pressing challenges and opportunities shaping the local insurance landscape. ([PDF] georgia - XPRIMM Events)
30 April 2025STATISTICS: GEORGIA, FY2024: double-digit growth in GWP and paid claims
In 2024, GWP collected by insurance companies in Georgia reached GEL 1.25 billion (EUR 429.74 million), which is 18.41% more y-o-y, as the data published by the Insurance Supervision Service of Georgia show.
9 April 2025Register now to secure your spot at the Georgian International Insurance Conference 2025!
Online registration is now open for the Georgian International Insurance Conference, a key industry event that will take place on June 12-13, 2025, at the Sheraton Hotel in Batumi, Georgia. The conference will bring together top experts to discuss the current state and future priorities of Georgia’s insurance market in a regional context.
27 March 2025GEORGIA: David Onoprishvili: Market growth indicates active consumer participation and growing demand
Total revenue of the Georgian insurance sector in 2024 increased to GEL 1.26 billion (~EUR 0.43 billion), which is GEL 200 million more than in 2023, as stated by the Chairman of the Insurance State Supervision Service of Georgia David Onoprishvili, Business Georgia writes.
17 March 2025
