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New Insurance Company Appears on Market

New Insurance Company Appears on Market

Georgian Insurance Group has launched operation on insurance market. The company has already obtained life and non-life insurance licenses.

The company was founded in May 2017. The company’s starting capital is 2 200 100 GEL. Archil Morchiladze owns a 51% stake in the company, while NewMedi holds a 49% stake. Thus, currently, Georgian insurance industry registers 16 companies.