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ALDAGI was the first insurance company to be founded in the Georgian market in 1990. Since then it has been the leading insurer in the market. At the end of 2006, 100% of ALDAGI shares were acquired by the insurance company BCI. Since its foundation in 1998, BCI became one of the fastest growing insurers on the market. BCI is wholly owned by the Bank of Georgia.
In 2005 both companies carried out major acquisitions; ALDAGI acquired the insurance company Selbi, while BCI became 100% owner of another insurer – Europace.
ALDAGI and BCI merged in 2007 to create Georgia’s largest insurance company – ALDAGI BCI. Today, ALDAGI BCI offers its customers around 80 different types of cover designed for both, corporate entities and private individuals, and encompassing insurance against property, health, motor, cargo, liability, life, personal accident, employers’ liability, machinery breakdown, aviation, and marine risks just to name a few.
ALDAGI BCI is the first company to offer products tailored for private individuals. Since 2006 individual customers can purchase motor, health, travel, property, life, and pension insurance.
ALDAGI BCI is guided by the following principles:
• High quality of service
• Flexible products, tailored to individual needs
• Uncomplicated procedures
• Flexible premium policy
• Efficient claims settlement policy
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