The insurance sector closed the first quarter of 2024 with a net profit of 25 million GEL that is 2-fold more compared with last year.
18 insurance companies registered on the market collected premiums of 398 million GEL in the first 3 months that is 73 million GEL more than in the first quarter of last year. The total assets of insurance companies reach 1.494 billion GEL.
"GPI" remains the market leader in terms of insurance premiums with GEL 80 million, TBC Insurance is the second, "Imedi L" is the third.
The insurance premiums collected by the companies are as follows:
|
# |
Name of the insurance company |
Premiums |
|
|
||
|
1 |
JSC Insurance Company GPI Holding |
80 173 212 |
|
2 |
JSC TBC Insurance |
59 803 610 |
|
3 |
JSC Insurance Company Imedi L |
52 528 725 |
|
4 |
JSC Insurance Company Aldagi |
41 206 511 |
|
5 |
JSC Ardi Insurance |
27 734 893 |
|
6 |
LLC PSP Insurance |
21 131 968 |
|
7 |
JSC risk management and insurance company Global Benefit GeorgiaJSC International Insurance Company Irao |
20 910 483 |
|
8 |
JSC International Insurance Company Irao |
19 449 421 |
|
9 |
JSC Unison Insurance Company |
16 263 187 |
|
10 |
JSC New Vision Insurance |
11 922 958 |
|
11 |
JSC Euroins Georgia Insurance Company |
11 738 016 |
|
12 |
JSC BB Insurance |
11 032 375 |
|
13 |
JSC Alfa insurance company |
9 533 518 |
|
14 |
JSC Georgian Insurance Group |
6 376 739 |
|
15 |
JSC Insurance Company Cartu |
3 181 778 |
|
16 |
JSC Insurance Company Prime |
3 041 958 |
|
17 |
JSC Tao Insurance Company |
911 385 |
|
18 |
JSC Green Insurance Georgia |
793 564 |
|
|
Total |
397 734 300 |
For years, the leading positions in the insurance market, especially in terms of auto insurance and property insurance, have been held by insurance companies owned by banks, as evidenced by the above statistics.
