The insurance business comprises a) Property and Casualty (P&C) insurance business and b) medical insurance business.
The P&C insurance business is a leading player in the local insurance market with a 30% market share in property and casualty insurance based on gross premiums as of 30-Sep-23. P&C also offers a variety of non-property and casualty products, such as life insurance.
The medical insurance business is one of the country’s largest private health insurers, with a 19% market share based on 9M23 net insurance premiums. Medical Insurance offers a variety of health insurance products primarily to corporate and (selectively) to state entities and also to retail clients in Georgia.
