TBC Insurance

TBC Insurance is Georgia’s leading provider of retail non-health insurance. Through the integration of insurance services with banking products, we enhance the overall value proposition for our customers. This synergy not only fosters customer loyalty, but also contributes to the sustained growth and resilience of our financial ecosystem.

1Q 2024 highlights


Retail market share1


Total market share1

GEL 58 mln

Gross written premium

TBC Insurance is a wholly owned subsidiary of TBC Bank. It was acquired in October 2016 and is the main bancassurance partner for the Bank. TBC Insurance operates both retail and corporate insurance in non-health and health insurance segments. As of 31 March 2024, TBC Insurance had around 422k customers.


TBC Pay is the leading payments provider in Georgia, offering convenient payments solutions to customers via its wide network of self-service terminals. Operating alongside the Georgian retail banking business, TBC Pay forms another part of the payments customer value proposition for retail clients, enabling convenient services such as P2P and bill payments.

1Q 2024 highlights

c. 4,400

Self-service terminals

  GEL 7 mln   

Net profit

TBC Pay was launched in 2008, since which time it has established itself as the largest payment service provider in Georgia. Currently, the company operates around 4,500 self-service terminals throughout the country, as well as a web page and mobile application in the digital space.

TBC Leasing

A wholly owned subsidiary of TBC Bank, TBC Leasing offers an alternative source of financing to our retail and business clients.

1Q 2024 highlights


Market share2

c. 2,100

# of customers

GEL 444 mln

Leasing portfolio

Our technical know-how and specialist knowledge and expertise enable us to offer our clients all-round asset finance solutions and other complementary advisory services, including financial leasing, operating leasing, and sale and leasebacks, all of which are tailored to the individual customer’s needs.

We serve both individual customers and businesses operating across Georgia through authorized representative dealerships, vendors, direct sales channels, and TBC Bank branches. The ability to tap into TBC Bank's wide sales network is a major competitive advantage.


1 Non-health insurance market shares. Market shares given without mandatory border motor third party liability insurance (MTPL). With mandatory border MTPL, retail and total non-health insurance market shares were 31.0% and 20.0% respectively. Source: www.insurance.gov.ge

2 Based on internal estimates