The Insurance State Supervision Service of Georgia hosted the closing event of its annual Insurance Week for Insurance Day, focusing on raising insurance awareness, promoting insurance, and informing citizens about their rights. The programme also included a presentation on the Service’s 2024 results for consumer rights protection and financial education. In remarks at the event, the Service’s head, Davit Onoprishvili, linked growing insurance awareness to market expansion, noting that premiums exceeded GEL 1 billion for the first time in 2023 and rose a further 18% in 2024 to GEL 1 billion 259 million. He also referenced the Service’s 2025–2029 development strategy, which identifies four priority areas including support for consumer rights and financial education, and highlighted international relations as a key area of activity. The event featured a moderated discussion with sector participants including Aldagi, BB Insurance, the Insurance Union, the Compulsory Insurance Center, and broker Greco Georgia, alongside participation from government, parliament, the National Bank, and the Competition and Consumer Protection Agency.
Insurance State Supervision Service of Georgia 2025-05-02
Insurance State Supervision Service of Georgia closes Insurance Week and reports 2024 insurance premiums up 18% to GEL 1.259bn
The Insurance State Supervision Service of Georgia concluded its annual Insurance Week with a focus on raising insurance awareness and promoting consumer rights. Head Davit Onoprishvili highlighted market growth, noting premiums surpassed GEL 1 billion in 2023 and increased by 18% in 2024. The event included discussions on the Service's 2025–2029 strategy and featured participation from industry and government stakeholders.