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Economic Press Monitor: Finances & Banking
December 29, 2017


BANKEBI DA FINANSEBI: “INSURANCE SECTOR, AFTER DEVELOPMENT, TO BECOME ONE OF SOLID PLAYERS ON THE CAPITAL MARKET”

In his interview with the newspaper, head of State Service for Insurance Supervision Konstantin Sulamanidze indicates that insurance sector in Armenia makes up 0.65% of GDP, in Azerbaijan – 0.81%, Russia – 1.3%, Turkey – 1.6%, while in Georgia – 1.15%. “After introduction of obligatory insurance and expected economic growth, we expect that it [i.e. insurance share in Georgian GDP] will be 1.7% in 4-year prospect”, he declares.

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