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How Much Revenue Did Insurance Companies Receive?

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Natia Taktakishvili
27.09.21 12:00
462
Insurance State Supervision Service of Georgia published an insurance market review for 1H2021. The
volume of direct premiums attracted by insurance companies from insurance activities amounted to 448.6 million GEL, of which 194.9 million GEL came from medical insurance, which is 13.7% of the same period last year.

The amount of insurance premiums attracted according to the types of insurance is as follows:

1. Medical insurance - 194.9 million GEL, increase - 13.7%;
2. Insurance of land vehicles - 74.5 million GEL, increase - 26.3%;
3. Property insurance - 74 million GEL, increase - 25.5%;
4. Life insurance - 31.3 million GEL, increase - 18.9%;
5. Civil liability insurance related to the use of land transport - GEL 21 million, increase - 4.2%;
6. Civil liability insurance - 17.5 million GEL, increase - 28.5%;
7. Accident insurance - 8.6 million GEL, increase - 19.1%;
8. Insurance from financial losses - 7.2 million GEL, increase - 44%;
9. Cargo insurance - 5 million GEL, increase - 17.5%;
10. Obligation insurance - 4.98 million GEL, increase - 0.8%;
11. Liability insurance related to the use of air vehicles - 3.9 million GEL, increase - 303%;
12. Air transport insurance (hull insurance) - 2.7 million GEL, increase - 10.7%;
13. Travel insurance - 2.2 million GEL, increase - 15.7%;