Last year, 573,085 policies were sold on the travel insurance market, the premiums attracted by the companies amounted to about 11 million that is 83% more compared to the same period of last year.
GPI has the largest market share in the travel insurance market. According to the Insurance Supervision Service, GPI Holding sold 229,457 travel insurance policies in 2022, a volume of attracted premium stood at GEL 3,667,005.
TBC Insurance is on the second place in this category with GEL 1,784,098; last year the company sold 79,616 policies. The third is Imedi L with the attracted insurance premium of GEL 1,559,874, the company sold more than 75,000 policies.
Euroins Georgia ranks fourth in the ranking with premiums of GEL 1,273,336 and 51,663 sold policies. Unison is at the bottom of the top five in the travel insurance market with more than 17,000 policies and attracted premium of GEL 621,062.