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Insurers of Georgia, Greece and Belarus show growth

Moreover, Georgia is showing active growth in life insurance.
Insurers of Georgia, Greece and Belarus show growth

Thus, Georgian insurers collected 164.39 million lari of premiums ($67.5 million) in Q1 2018, showing growth of 14.32%. According to the regulator, insurance payments increased by 20.8% in comparison with the first quarter of last year.  

Although the main share of the market (93.36%) is in the risk insurance segment, the most dynamic growth is observed in life insurance (+58.73%).

The Greek insurance market collected 999.5 million euros in the first quarter of 2018, which is 3.5% more than a year ago.

The life insurance segment fell by 2.5% to 460.9 million euros under the influence of negative dynamics on policies related to investment funds (-24%).

Market results for the first quarter of this year presented by HAIC include data on 49 insurance companies, 19 of which showed activity in life insurance (their share was 99.9% of the segment for the entire 2017 year).

For 4 months of 2018 the insurance market of Belarus showed an increase of 18.9% compared to the same period last year. Insurers collected 402.2 million Belarusian rubles as of January-April. Voluntary classes outstrip the growth of mandatory types of insurance. In voluntary insurance for the period under review the charges amounted to 248.3 million Belarusian rubles (by 45.8 million Belarusian rubles more than a year ago). The share of voluntary insurance in the total amount of gross premiums was 61.7% (against 59.9% as of January-April last year).

A case study of Forinsurer.com

Photos per websites: depositphotos.com, gazeta.ru, crownalliancecapital.com, horosho-tam.ru

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