types of insurance, for example vehicle insurance, should be mandatory,
otherwise they will not develop. A total of 1. 3 million cars are registered in
Georgia, and only 80,000 of them are insured. The situation is the same in terms of property insurance - the market accounts for GEL 8 million that is a very small amount, ”
Kote Sulamanidze, CEO at Hualing-Insurance, says.
to Sulamanidze, international experience shows that the population’s involvement
insurance sector grows simultaneously with a growing well-being of the
population that primarily concerns health care, as well as the vehicle and real estate insurance.
has already reached the level when the population should start using insurance
services more actively. We see that Georgia’s insurance sector develops only in
case of any incident - for example, when a fire destroys part of the market. Only
after that, compulsory insurance of objects of mass gathering of citizens was
introduced. We should not wait until trouble comes, the state should make
several key insurance services mandatory, ” Kote Sulamanidze believes.