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The Insurance Industry in Georgia, Key Trends and Opportunities to 2017

Georgia insurance market: Dominated by personal accident insurance segment


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2014-02-04 09:25:02 - The Insurance Industry in Georgia, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

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. Georgia´s insurance industry is dominated by the personal accident and health segment.

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