What to check before signing with an insurance broker
- Registration. The Insurance State Supervision Service of Georgia publishes the broker register on insurance.gov.ge. Find the broker’s number there, such as GrECo’s No. 012001 or Green Line Caucasus’s No. 012067, and check that the registration date matches what the broker tells you.
- How many insurers see your risk. Acton compares 9 partner insurers and Bience Group lists 11. PrioGe and Calma both run a tender among insurers as a step in placing cover.
- Who handles claims. GS assigns a personal service manager after placement, and Acton’s help centre chases delayed or refused claims with the insurer.
- Renewal. Inforce reviews risks and market terms at the end of each policy term, so ask any broker what it does before a policy runs out.
- The broker’s own insurance. PrioGe insures its own professional activity and publishes its professional indemnity certificate.
- Language. Acton, Calma and Green Line Caucasus work in Georgian, English and Russian. Inforce works in Georgian, Zaman Broker in English and Azerbaijani, and Resolution and PrioGe in English.
Insurance broker fees and policy prices in Tbilisi
PrioGe’s fees are paid by insurance companies, so its service costs the client nothing. Bience Group gives free consultations and includes its brokerage fee in the premium, agreed in advance, and Green Line Caucasus says a broker’s pay often comes through the insurer’s commission.
Acton publishes starting prices for the policies it sells. Outbound travel insurance starts at 5 GEL, health insurance for individuals and families at 65 GEL a month, MTPL at 20 GEL a month and home insurance at 30 GEL a month. Its inbound tourist cover costs about 20 GEL for a 10-day trip at age 30. GS, GrECo, Resolution, Zaman Broker, Inforce and Calma place corporate programmes and list no prices on their sites, so ask each for a quote on your own risks.
Types of insurance broker in Tbilisi
Three brokers work inside international networks. Insurance Broker GS is a WTW correspondent partner, GrECo Georgia is part of a group with offices in 21 countries, and Zaman Broker runs offices in Baku and Istanbul and a representative office in London. Resolution Insurance Brokers Georgia takes property risks for foreign-invested companies to global markets, and PrioGe has its main expertise in Kazakhstan, Uzbekistan and Armenia as well as Georgia.
Inforce and Calma serve Georgian corporate and mid-size clients, from hotels and clinics to fleets and importers. Acton sells personal travel, health, motor and home policies online. Bience Group advises individuals and companies on medical, property and liability cover, and Green Line Caucasus concentrates on cargo, CMR and truck cover for transport companies.
