New Leader on the  Georgian Motor  Insurance Market

New Leader on the Georgian Motor Insurance Market

access_time2018-06-27 10:16:34

According to LEPL Insurance State Supervision Service data for the 1st quarter of 2018, Alpha is  the unconditional leader in the motor insurance. In just 3 months of 2018, the company issued 82 600 policies in this direction, on the second place is Insurance Company GPI  - with 75 909 policies and on the third place is Insurance Company Aldagi – with 75 853 policies. Motor insurance is one of the most popular insurance line in Georgia. The share of the motor insurance constitutes 20% of the overall Georgian insurance market, with total premium 32.6 million GEL written under the line in 1 quarter of 2018.



Development of retail insurance is one of the most important strategic direction for Alpha. In the first quarter of 2018, the Company issued 63 088 policies in this direction. Alpha actively develops retail property, auto insurance and health insurance products.




Alpha is the most growing company among  Georgian insurance companies. In the first quarter of 2018, the company attracted 8,7 million GEL  premium, which is 75% more than in the same period of 2017.



Source of information: Insurance state supervision service of Georgia http://insurance.gov.ge/Statistics.aspx?lang=en-US


(R)


თეგები:
Alpha




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