GPI Holding was established in 2001 as a first private pension fund in Georgia. Promotion and development of so called social insurance lines – health, life and pension insurance, were identified as top priorities of the company upon its inception. GPI Holding actively continues the development of prioritized insurance lines to date.
Within the first year of its operation, GPI Holding made significant achievements in various areas of insurance, securing a position of a leading company in the sphere of insurance. The company maintains its leadership in the market, overall, as well as in separate areas of insurance such as pension insurance, health insurance, auto insurance and property insurance.
In 2006 GPI Holding became a member of the Vienna Insurance Group - one of the leading insurance companies in Europe. That move was a significant headway for the company not only in terms of its financial stability but also in terms of experience: For the first time ever in the history of Georgia a foreign company of such a level and rating became a shareholder of the local company.
GHI Holding has the largest agency network throughout Georgia, offering flexible and comfortable services to its clients. Being a leader in the retail market, GPI Holding was among the first to offer a variety of affordable insurance products to public – health, auto, liability insurance as well as insurance for medium and small size businesses.
GPI Holding is a leader in the corporate market as well. The company’s corporate clients are leading Georgian banks, real estate and construction companies, oil companies and several hundreds of medium and small size businesses.
Since 2007, GPI Holding has been actively engaged in the state social insurance programme. Under this programme the company has built and renovated built ten hospitals in ten regions across the country. These hospitals with 225 beds started to operated in December 2011. For more information about the project please visit the link.
Innovative approach, unique insurance products tailored to match the needs of local population, high quality service and the team of motivated employees are those factors that have ensured and continue to ensure the success of GPI Holding in the Georgian market.
In 2011 GPI Holding holds a leading position in the market, according to the National Bank of Georgia official data. Among 14 insurance companies operating in the country GPI Holding has 17% market share with the highest level of premium written.