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new company appears on Insurance Market


As the State Insurance Supervision Service informs, new insurance company Ap-X-Ra, which obtained license in non-life insurance in March 22, appears the 15th on Georgian insurance market.

The company has already attracted premium in amount of 9,040 lari in the 1st quarter (0.04% of local markets totals, the 14th place). Ap-X-Ra has not performed reparation of damages yet.

As Sarke was told in the company, Ap-X-Ra was founded by two private individuals, the citizens of Turkey and Georgia. “We plan to introduce new insurance products on the market”, Nodar Bregvadze, Georgian founder said, refrained from further details specifying.

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