Impact of the COVID 19 pandemic on the Georgian insurance sector (COVID 19 პანდემიის გავლენა საქართველოს სადაზღვევო სექტორზე)

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Ivane Javakhishvili Tbilisi State University Press

Abstract

Insurance plays an important role in stabilizing the economy. It is necessary to develop the insurance market in Georgia, because insurance can prevent financial losses. Pandemic challenges are relevant to the insurance sector. It is therefore important to properly assess the state of the insurance industry. The article focuses on the importance of risk management during a pandemic. The dynamics of insurance premiums, losses, profits and assets are discussed. Conclusions and recommendations have been made as a result of the analysis of key indicators of the insurance market.

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1. სიმონია, თ. (2018). დაზღვევის საფუძვლები. თბილისი, საქართველო: გამომცემლობა „ივერიონი“; 2. შათირიშვილი, ჯ. & კაკაშვილი, ნ. (2012). სადაზღვევო საქმე. თბილისი, საქართველო: გამომცემლობა „ივერიონი“; 3. ცერცვაძე, ა., ხანთაძე, გ., & ვეკუა, დ. (2016). სადაზღვევო საქმე. თბილისი, საქართველო: გამომცემლობა „დანი“; 4. https://www.insurance.gov.ge; 5. https://www.insurance.org.ge.

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International Scientific Conference Dedicated to the Establishment of the University and the 100th Anniversary of the Faculty of Economics and Business “Covid 19 Pandemic and Economics”, Tbilisi, 2022, pp. 406-412

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