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Kote Sulamanidze to Lead Insurance State Supervision Service

Kote Sulamanidze has been appointed as a head of Insurance State Supervision Service of Georgia. He prioritizes diversification of finance market, improvement of insurance culture and popularization of useful insurance products.

Much job should be performed in insurance sector. Only commercial banks and microfinance organizations should not be considered players of financial market. This is a huge sector that is created by development of all segments. Management of capital market, assets, investments and insurance foundations and leasing companies are considered in a single context, he said.

Konstantine Sulamanidze replaced Ioseb Gogolashvili on position of head of Insurance State Supervision Service on January 1. Before, Sulamanidze had worked for various leading companies as a manager, including for Progress Bank.