The insurance business comprises a) Property and Casualty (P&C) insurance business, owned through Aldagi and b) medical insurance business, owned through GHG.
P&C insurance business is a leading player in the local insurance market with a 26.0% market share in property and casualty insurance based on gross premiums as of 30-Jun-22. P&C also offers a variety of non-property and casualty products, such as life insurance.
GHG is the country’s largest private medical insurer, with a 22.5% market share based on FY21 net insurance premiums. GHG offers a variety of medical insurance products primarily to Georgian corporate and state entities and also to retail clients.
