BAKU, Azerbaijan, Nov. 30
By Tamilla Mammadova – Trend
Eighteen insurance companies paid claims of 433.2 million lari ($131 million) from January through September 2020 in Georgia, Trend reports via Georgian media.
The top five insurance companies due to paid claims are as follows:
JSC Insurance Company ALDAGI – 47.29 million lari ($14.3 million);
JSC Insurance Company GPI Holding – 47.12 million lari ($14.2 million);
JSC Imedi L – 34.08 million lari ($10.3 million);
JSC TBC Insurance – 24.63 million lari ($7.4 million);
JSC ARDI – 24.54 million lari ($7.4 million).
As of September 30, 2020, the Georgian insurance sector registers 18 insurance companies, 17 of which hold life and nonlife insurance licenses, while one company holds a nonlife insurance license.
In the January-September period, the companies have generated an insurance premium of 513.4 million lari ($155.2 million). Insurance profits marked 129.7 million ($39.2 million), while net profits constituted 44.3 million lari ($13.3 million).
Total assets of all insurance companies amount to 976.9 million lari ($295.4 million), while capital totals 282.7 million lari ($85.5 million).
---
Follow the author on Twitter: @Mila61979356