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Georgian insurance sector finishes Q1 with losses

Business Materials 21 September 2011 15:53

Georgia, Tbilisi, Sept. 21 / Trend N. Kirtskhalia /

The Georgian insurance sector has finished the first half of 2011 with losses. It exceeded 700,000 lari ($ 1 = 1.66 lari), the Georgian State Statistics Sgency said.

The insurance sector got profit up to 34 million lari last year.

Insurance companies drew an insurance premium worth $ 188 million lari. The amount of the premium last year amounted to 222 million lari.

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