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GEORGIAN ECONOMY TODAY Real GDP Y-o-Y Growth Rate (%) 2008 2009 - - PowerPoint PPT Presentation
GEORGIAN ECONOMY TODAY Real GDP Y-o-Y Growth Rate (%) 2008 2009 - - PowerPoint PPT Presentation
GEORGIAN ECONOMY TODAY Real GDP Y-o-Y Growth Rate (%) 2008 2009 2010 2011 2012 2013 2014 2015 *Source: The World Bank Record, Geostat.ge. 2 INSURANCE DENSITY AND PENETRATION INSURANCE PENETRATION GPW/GDP, 2014 Insurance consumption
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Source: WORLD INSURANCE IN 2014, SIGMA REPORTS : HTTP://WWW.SWISSRE.COM/SIGMA/
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INSURANCE DENSITY AND PENETRATION
Insurance consumption determinants as density and penetration in insurance are extremely low in Georgia. ✔ Mandatory MTPL introduction will reveal in significant positive changes of consumption determinants from 2016 ✔
INSURANCE DENSITY
GPW PER CAPITA USD, 2014
INSURANCE PENETRATION
GPW/GDP, 2014
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NEED INSURANCE . . .
25-YEAR HISTORY OF ALDAGI’S EVOLUTION AND SUCCESS
4 FIRST INSURANCE COMPANY IN GEORGIA. ALDAGI MAINTAINS ITS LEADING POSITION OVER THE YEARS. ✔ BROAD RANGE OF PRODUCTS, INNOVATIVE, NEW OFFERINGS, FROM FINANCIALLY STRONG AND STABLE COMPANY ✔ MANY YEARS OF EXPERIENCE, BEST INSURANCE DECISIONS, INDIVIDUALLY TAILORED OPTIMAL COVERAGE. ✔ MEMBER OF BANK OF GEORGIA FINANCIAL GROUP, STABLE PARTNER FOR YOUR BUSINESS, LISTED ON THE MAIN MARKET OF THE LONDON’S STOCK EXCHANGE ✔
1990
Founding of the first private insurance company
1998
Founding of insurance company BCI
2004
Bank of Georgia acquisition of BCI
2009
Aldagi BCI is rewarded as the best insurer of the year by Euromoney
2006-2007
- BCI acquisition of
Aldagi
- Largest merger on the
market - Aldagi BCI
2012
Imedi L acquisition by Aldagi BCI
2013
Restyling of Aldagi Brand
2014
Company Split into pure P&C Insurance and Healthcare Business
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SOURCE: State Insurance Supervision Service of Georgia
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P&C INSURANCE MARKET
P&C Insurance Market share by GPW (USD) ALDAGI is the leader on the P&C insurance market with GPW of USD 29.5 million for 2015 35% market share by GPW compared to 22% market share of the nearest competitor GPI Holding.
USD ‘000 2014 2015 Aldagi GPW 32,973 29,531
P&C Insurance Market by GPW (USD)
45 64 65 64 71 79 73 90 84
83.8 Millions
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SOURCE: State Insurance Supervision Service of Georgia
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P&C INSURANCE MARKET
P&C Market GPW P&C Market Share by Lines
AMOUNTS IN '000 USD, 2015 2015
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ALDAGI BUSINESS DEVELOPMENT DYNAMICS
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Market - AMOUNTS IN '000 USD
SOURCE: State Insurance Supervision Service of Georgia
INSURANCE MARKET TRENDS BY LINES (2015) Gross Premiums Written
Aldagi - AMOUNTS IN '000 USD
ALDAGI TRENDS BY LINES (2014) Gross Premiums Written
1,844 1,952 5,014 2,662 2,639 3,006 7,530 8,345 9,571 9,544 10,612 11,480 1,328 1,106 782 342 112 154 2,954 3,193 3,769 3,794 4,737 4,338 4,312 5,587 7,429 11,622 13,872 10,544 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2010 2011 2012 2013 2014 2015 PA & Life Motor Specialty Lines Cargo & Liabilities Property Engineering & Agro 7,347 11,566 15,417 8,885 10,742 12,150 17,291 18,948 21,510 23,599 26,066 27,034 4,128 3,933 4,603 2,642 2,617 2,077 13,895 10,268 10,343 10,694 13,522 11,290 19,826 23,884 24,760 23,695 34,735 28,947 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2010 2011 2012 2013 2014 2015 PA & Life Motor Specialty Lines Cargo & Liabilities Property Engineering & Agro
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SOURCE: State Insurance Supervision Service of Georgia
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P&C INSURANCE MARKET
P&C ALDAGI GPW P&C ALDAGI Shares by Lines
AMOUNTS IN '000 USD, 2015 2015
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ALDAGI – KEY FIGURES
SOURCE: State Insurance Supervision Service of Georgia. *Includes P&C and Health Insurance Market Figures.
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SOURCE: State Insurance Supervision Service of Georgia
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ALDAGI UW Performance
ALDAGI Loss ratio by lines, 2014 ALDAGI Loss ratio by lines, 2015
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SOURCE: State Insurance Supervision Service of Georgia
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ALDAGI Reinsurance Policy Reinsurance share in GPW for Treaty Business by Lines
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