Georgia's insurance sector continues its steady growth. By the end of the first quarter of 2026, the volume of insurance premiums reached 521 million GEL, an increase of 15% year-on-year. The net profit of companies grew by almost 20% to 31 million GEL, and total insurance income rose from 76 to 94 million GEL. The industry's assets increased from 1.675 billion to 1.802 billion GEL over the year, strengthening its position in the country's financial system.

Medical insurance remains the key growth driver, while interest in life and car insurance policies is gradually increasing. In the vehicle segment, insurers collected about 93 million GEL, but the penetration rate remains extremely low – only 8% of registered cars have policies. This means that more than 90% of car owners continue to bear all risks of accidents and other unforeseen situations themselves.

The car insurance market remains concentrated: TBC Insurance leads with 17.3 million GEL in premiums and a share of about 18%, followed by Benefit Insurance with 16 million and Aldagi with 15.7 million. The top five largest players also include New Vision Insurance and GPI Holding. Despite the growth in sector revenues, the overall level of insurance coverage for the population remains low, indicating significant unrealized market potential and the continued financial vulnerability of most car owners.