Insurance in Georgia is a dynamic industry with several strong providers offering a wide range of policies. This guide introduces the leading insurance companies in Georgia and the main types of coverage they provide.
Leading Insurance Companies in Georgia
Five major insurance providers dominate the Georgian market, each with unique strengths in specific types of insurance. Here’s a closer look:
GPI Holding
GPI Holding, part of the Vienna Insurance Group, leads the market with the largest agency network in Georgia. They offer health, auto, travel, and property insurance with various packages tailored to different needs and budgets.
Aldagi
Aldagi specializes in property insurance and holds over 40% of this market in Georgia. With more than 30 years in the industry, Aldagi is known for its expertise and reliability. They also offer travel insurance, covering emergencies, flight delays, and luggage loss.
Imedi L
Imedi L focuses on health insurance and is a key player alongside GPI in this sector. They provide flexible, customizable health plans, including corporate packages, which are highly popular. Their plans vary in price and compensation levels, catering to individual and business needs.
TBC Insurance
TBC Insurance, launched by one of Georgia’s largest banks, combines insurance with digital innovation. They offer a comprehensive range of insurance types, including personal and business coverage. Their travel insurance is affordable and has additional options for flight delay and baggage loss coverage.
Ardi
Ardi is a modern insurance provider offering unique packages, especially for health and auto insurance. They also offer specialized business insurance packages tailored to different industries, focusing on the specific needs of each sector.
Types of Insurance in Georgia
Health Insurance
Health insurance in Georgia is generally affordable. Local companies offer plans starting at around $250 per year, which is significantly cheaper than international health insurance options, often priced at $5,000 annually.
Travel Insurance
For those visiting Georgia, travel insurance is a great option. Basic coverage, including emergency medical expenses and trip interruptions, is available from TBC, Aldagi, and GPI at just a couple of GEL per day.
Property and Auto Insurance
The Georgian property and auto insurance options are comprehensive. Aldagi leads the property insurance market, while GPI and Ardi provide strong auto insurance options, with packages catering to both individuals and businesses.
Conclusion
With a variety of options, the Georgian insurance landscape caters to a range of needs, from personal health and travel coverage to comprehensive business packages. Before selecting a policy, consulting with a representative from the insurance company can help ensure you find the best fit for your requirements.
