Tbilisi (GBC) - The number of people with private health insurance rose by 21,070 to 731,140 in a year that is a relatively low rate of growth compared with previous years.

In the first quarter of the current year, as per the State Insurance Supervision Service, 20% of the population of Georgia have medical insurance.

According to statistics, the premium received on medical insurance amounted to GEL 212 million that is GEL 28.6 million more than in the previous year.

In 3 months of 2024, the insurance premium collected from direct insurance activities stood at GEL 398 million.

In the same period, the insurance profit of the insurers amounted to GEL 69 million, the net profit made GEL 25 million.

The total volume of assets of insurance companies is GEL 1 494 million, the capital is GEL 397 million.
As of March 31, 2024, there are 18 registered insurance companies holding life and non-life insurance licenses in the country.