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Aldagi BCI starts developing agricultural insurance
The insurance company Aldagi BCI starts developing insurance in the agricultural sector. In the first quarter of 2011, Aldagi BCI will offer the market new agricultural insurance products: field crops, vineyards, fruit trees, greenhouses, Livestock insurance. As the Director-General of Aldagi BCI Nikoloz Gamkrelidze stated when discussing novelties planned in the agro-insurance sphere  at a press conference held at Tbilisi Marriott Hotel, the company had already made contracts with the world-known reinsurance companies for reinsuring the risks that may arise in the Georgian agro-insurance sector. 

Aldagi BCI Introduces Report on 2010 Performance

Aldagi BCI insurance company has introduced a report on the 2010 performance. Aldagi BCI director general Nikoloz Gamkrelidze told a news conference at the Tbilisi Marriott hotel, the year of 2010 was successful and quite interesting as the company has marked a financial success and launched several new projects, which will be continued in 2011 too. Aldagi BCI generated insurance premium worth 69 753 730 GEL and paid claims of 33 147 804 GEL throughout 2010.

New members of state insurance program
The teacher’s component was included in the state insurance program in January
The social service agency (SSA) says  the health insurance state program is accessible to public school teachers, administrative and technical staffs of public schools, teachers of vocational schools, teachers of boarding schools and teachers of public schools in Gali District, the autonomous Republic of Abkhazia.

GPI Holding Unprecedented Insurance Product

Starting January 20, 2011 Ulusoi Turkish transportation company and its Dutch partner Euroline launched regular passenger traffic from Georgia to Turkey and from Turkey to Europe. Ulusoi is considered to be one of the leading operators in Turkey and worldwide, which owns both buses and airlines, ships and other means.Ulusoi will serve passengers with new buses to transport them from Tbilisi to Trabzon, Istanbul, Ankara and Antalya and from Istanbul to Munich, Stuttgart, Nurnberg, Frankfurt and Amsterdam.

Interview with Devi Khechinashvili
The FINANCIAL- Georgian Insurance Companies will be Owned by Foreigners, GIA
“Georgian insurance companies will be under foreign ownership in five years time, provided a peaceful situation reigns in Georgia,” said Devi Khechinashvili, Head of the Georgian Insurance Association.“If it were not for the war, the companies would already be owned by international giant conglomerates, like the situation in Hungary where companies are based in the country but owned by international companies,” said Khechinashvili. 
 

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