In the first three months of 2024, the losses reimbursed by insurance companies to consumers amounted to GEL 182 million against GEL 127 million in the same period of 2023.

As per the January-March data, "BB Insurance" paid out the largest amount of losses in the amount of GEL 36 million. "GPI"  is the second with GEL 27 million while TBC took the third place with GEL 22 million.

It’s worth mentioning that the rating of the companies by collected premiums also changed compared to 2023.   "Aldagi" overtook "Imedi L" and took the fourth place. "BB Insurance" moved from the last places to the sixth place. "BB Insurance", which has not been included in the top five, moved to the first place.

In 3 months of 2024, the insurance premium collected from direct insurance activities amounted to GEL 398 million. In the same period, income from insurance activities totaled GEL 69 million, the net profit amounted to GEL 25 million.

The total volume of assets of insurance companies is 1 494 million GEL, and the capital is 397 million GEL.

As of December 31, 2023, 18 insurance companies licensed to sell life and non-life insurance were registered in the country.