Insured citizens are canceling insurance contracts - President  of the Insurance Association

Insured citizens are canceling insurance contracts - President of the Insurance Association

access_time2020-03-27 14:28:55

“If people continue to refuse insurance policies, in 2-3 weeks the number of insured citizens will hit a critical level,” President  of the Insurance Association Devi Khechinashvili says.

According to Khechinashvili, people mostly refuse health insurance that can significantly increase budget expenditures within the public health insurance program.

In his words,  the insurance companies completely stopped selling travel and car insurance.

“Prior to the coronavirus outbreak, 600,000 people had used private health insurance,  we expect a sharp reduction that will force insurance companies to temporarily suspend their work,” he points out.



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