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A New Player Enters the Insurance Market of Georgia

A new player enters the Georgian  insurance market. This is the company “Kopenbur” which operates in the field of non-life insurance.

Head of the State Insurance Supervision Service Lasha Nikoladze  has already given instructions regarding  the issuance of the appropriate license.

According to the order, information about the issuance of the license to the insurance company “Kopenbur” must be published in  “Legislative Herald of Georgia” within 10 days and in accordance with applicable law, data should be displayed in the public register of licensed insurers.

As per the Business Register data, JSC insurance company “Kopenbur” was registered in May 2014. The company’s CEO is Ivane Kakhadze.

BPI reports that  a private person from  Germany is the company’s  partner.