Bulgarian Euroins Insurance Group to Launch Georgian Insurance Market

Insurance company 'IC Group' has been sold and has become a member of a major Eastern European insurance company - Euroins Insurance Group (EIG).

The press conference and the agreement-signing ceremony were hosted by the Rooms Hotel on December 11. To complete the first phase of the merging process, Georgia was visited by the Deputy CEO of EIG, Georgi Markov, and the Director of the Board of Directors, Cagatay Uludag, who will also join the Board of Directors of Euroins Georgia in the position of Strategic Development Director, reports Georgia Today.

'IC Group' will continue to operate on the market under the name of 'Euroins Georgia' and will fully implement the practices of the European insurance company, international experience and modern insurance system already approved in Europe, which are eligible for the local consumer market.

At the conference, the representatives of EIG stated this investment in Georgia is a strategic step forward for their company. "We see Georgia as a country with great potential, potential for developing insurance practices and other spheres," stated Markov.

The main reason for their decision to enter Georgia is the healthy business environment, economic growth and the dynamic development forecasts of the insurance sector, he noted.

It was also said that Euroins Georgia will implement diverse insurance services, including cyber security, vital for decreasing vulnerability towards cybercrime. It is also planned to offer customers more comfortable ways of using a wide range of EIG services, such as by mobile application, which will give them an opportunity to purchase a number of services and receive the revenue online. Security and innovative programs were announced as the major priorities for the Euroins...