Georgia
STATISTICS: 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 2025GEORGIA: ARDI: in 2025, prices in life may rise by 10-12%, and in motor insurance by 15%
The cost of insurance in Georgia in 2025 may increase by more than 10%. According to the CEO of ARDI, which is a major player in the market, businesses will have to increase prices for life and motor insurance by 10 to 15% due to inflation, Business Georgia writes.
17 March 2025GEORGIA: Vehicle owners may be required to purchase third-party liability insurance
According to the Chairman of Insurance State Supervision Service of Georgia David Onoprishvili, vehicle owners in Georgia may be required to purchase third-party liability insurance. This project will be submitted to parliament immediately after the opening of the spring session, will be adopted before July 1, 2025, and will enter into force on January 1, 2026, Sputnik Georgia reports.
27 January 2025GEORGIA: In December, David Onoprishvili was elected as a member of the executive committee of the International Association of Insurance Supervisors
On December 5, 2024 during the meeting of the Executive Committee (ExCo) of the International Association of Insurance Supervisors (IAIS) held in Cape Town, South Africa, David Onoprishvili, Chairman of Insurance State Supervision Service of Georgia was confirmed as a member of the Executive Committee for a two-year term.
20 January 2025STATISTICS: GEORGIA, 3Q2024: health insurance generates almost 44% of all premiums
According to the Insurance Supervision Service of Georgia, the insurance market grew by 20.12% in the first three quarters of 2024, amounting to GEL 982.57 million (EUR 322.37 million).
9 December 2024The Georgian Evening in Baden Baden, business and friendship
The Baden Baden Meeting 2024 hosted an evening dedicated to the Georgian insurance market. International business peers of the Georgian insurers had the opportunity to meet the Georgian insurance professionals and also get the latest issue of the XPRIMM Insurance Profile Georgia FY2023 and 1H2024.
24 October 2024GEORGIA: Compulsory civil liability insurance of vehicle owners to contribute to the insurance sector’s development
The Georgian government is going to initiate a bill providing for compulsory civil liability insurance of vehicle owners, Business Georgia writes.
11 September 2024STATISTICS: GEORGIA, 1H2024: health insurance generates 48% of all GWP
According to the Georgian Insurance Supervision Service, at the end of 1H2024, the insurance market grew by 20.44%, amounting to GEL 711.77 million (EUR 236.61 million).
11 September 2024GEORGIA: Investment holding to manage three largest insurance companies
Investment holding Sakartvelos Capital (Georgia's Capital) has merged three largest insurance companies - Aldagi, Imedi L and Ardi are already managed by one company, Business Georgia writes.
4 September 2024STATISTICS: GEORGIA, 1Q2024: health insurance generated 53% of all premiums
According to the Georgian Insurance Supervision Service, at the end of the first quarter of 2024, the insurance market grew by 22.21% in local currency, amounting to GEL 397.73 million (EUR 136.85 million).
17 June 2024
