Description
Synopsis
The report provides in depth
industry analysis, information and insights into the insurance industry in
Georgia, including:
- The Georgian insurance industry’s growth prospects by insurance segments and sub-segments
- The competitive landscape in the Georgian insurance industry
- The current trends and drivers of the Georgian insurance industry
- The challenges facing the Georgian insurance industry
- The regulatory framework of the Georgian insurance industry
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Executive summary
The Georgian insurance industry underwent
multiple changes during the review period. Numerous reforms have been initiated
and implemented by the government, especially in the healthcare system. This
led to an increase in the number of people obtaining medical care and supported
the country’s health insurance business. Despite industry growth, Georgia
remains prone to various challenges, such as a lack of strong professional
skill sets and rising levels of dissatisfaction among the insured population.
During the review period two insurance companies went out of business on
account of rising financial difficulties.
Scope
This report provides a comprehensive
analysis of the insurance industry in Georgia:
- It provides historical values for the Georgian insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Georgian insurance industry, along with forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Georgia and outlines the key regulations affecting them
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