Recently published research from Timetric, "The Insurance Industry in Georgia, Key Trends and Opportunities to 2016", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 01/26/2013 --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.

Key Highlights

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

View Full Report Details and Table of Contents

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 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Georgian insurance industry, along with forecasts until 2016
- 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

Reasons to Get this Report

- Make strategic business decisions using in depth historic and forecast industry data related to the Georgian insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Georgian insurance industry
- Assess the competitive dynamics in the Georgian insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Georgian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: GPI Holding, Aldagi - BCI Insurance Company, Alpha Insurance Company Limited (Georgia), IC Group Insurance, Irao Group, Unison, Archimedes Global Georgia, IMEDI L Insurance Co., Cartu Insurance Company Ltd, Taoinsurance

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