Georgia Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Georgia Insurance Market Overview

The gross written premium of the Georgia insurance industry was $231.7 million in 2021. The market is expected to achieve a CAGR of more than 11% during the forecast period. The Georgia Insurance Industry research report provides in-depth market analysis, information, insights, and a detailed outlook by product category of the industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.

Georgia Insurance Market Outlook 2021-2026 ($ Million)

Georgia Insurance Market Size

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Georgian economy and demographics, and provides detailed information on the competitive landscape in the country. The report gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Download a free report sample or buy now for more insights on this Georgia insurance market report forecasts.

Key Georgia Insurance Industry Trends

JSC International Insurance Company IRAO launched remote services to help customers sign policies and pay remotely without the need to visit an office. Furthermore, customers can activate the payment of insurance premiums remotely. The services are available for auto insurance, pulse, travel, auto liability, and property insurance.

Irao launched a mobile app for a convenient and comfortable insurance management process. It is tailored to the needs of its users, with which reimbursement of medical expenses, letters of guarantee, or tracking of enrolled policies is possible. The app can also be used to activate the customer’s health insurance card. The e-card in the application replaces the plastic insurance card and customers will be able to get insurance services through it, such as in clinics or pharmacies.

To know more about the leading Georgia insurance industry trends, download a free sample report.

Georgia Insurance Market Segments

The key segments of the Georgia insurance industry are life insurance and general insurance. The general insurance segment dominates the market.

Life Insurance: In 2021, retail segment dominated the life insurance industry followed by the commercial segment.

General Insurance: Both commercial and retail general insurance includes property insurance, motor insurance, liability insurance, financial lines, MAT, and personal accident and health insurance. Commercial general insurance was the leading segment. PA&H insurance was the largest sub-segment, followed by motor insurance and property insurance.

Georgia Insurance Industry Analysis by Segments, 2021, (%)

Georgia Insurance Industry Analysis, by Segments

Buy full report and download a free report sample for more segment insights.

Georgia Insurance Market – Competitive Landscape

Some of the key insurance companies in the Georgia insurance industry are JSC Insurance Company GPI Holding, JSC Insurance Company Aldagi, JSC TBC Insurance SC Insurance Company Imedi L, JSC Ardi Insurance, JSC Insurance PSP, JSC Hualing Insurance, JSC International Insurance Company IRAO, and JSC Risk Management and Insurance Company Global Benefits Georgia.

Georgia Insurance Market Analysis by Companies, 2021 (%)

Georgia Insurance Industry, by Companies

For more company insights, download a free report sample

Key Segments Covered in this Report.

Georgia Insurance Market Segment Outlook ($ Million, 2021-2026)

  • Life Insurance
  • General Insurance

Scope

This report provides:

  • Comprehensive analysis of the Georgia insurance industry
  • Historical values for the Georgian insurance industry for the report’s review period and projected figures for the forecast period
  • A detailed analysis of the key categories in the Georgian insurance industry, and market forecasts to 2026
  • Profiles of the top life insurance companies in Georgia and outlines the key regulations affecting them

Reasons to Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Georgian insurance industry, and each category within it.
  • Understand the demand-side dynamics, key market trends, and growth opportunities in the Georgian insurance industry.
  • Assess the competitive dynamics in the Georgian insurance industry.
  • Identify growth opportunities and market dynamics in key product categories.

JSC Insurance Company GPI Holding
JSC Insurance Company Aldagi
JSC TBC Insurance SC Insurance Company Imedi L
JSC Ardi Insurance
JSC Insurance PSP
JSC Hualing Insurance
JSC International Insurance Company IRAO

Table of Contents

Table of Contents

Executive Summary

Economy Overview GlobalData Country Risk Index

Regulatory and Compliance

Key Market Trends and Insurtech Life Insurance Overview

Penetration and Growth

Premiums and Key Lines of Business

General Insurance Overview

Penetration and Growth

Premiums and Profitability

Lines of Business Breakdown

Competitive Landscape

Insurance Industry – Market Share and Concentration

Competitors Profiles Reinsurance Overview

Reinsurance Accepted Premiums

Reinsurance Ceded Premiums Reinsurance Regulatory and compliance

Appendix

Frequently asked questions

Georgia Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

$2,900

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Georgia Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Georgia Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026 in real time.

  • Access a live Georgia Insurance Market Size by Segment (Life, General and Reinsurance), Trends, Competitive Landscape and Forecast, 2022-2026 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.