Georgian Investment market and investment projects realization issues (ABSTRACT)

Dali Magrakvelidze

In the modern stage Georgian insurance market faces large-scale transformations. At the same time, only risks that are positive for natural persons are insured by insurance companies.

However, as for commercial and business-related risks, their insurance often becomes a problem for legal entities. The reason for it is not that insurers cannot do it well; rather they are often reluctant to insure complex business.
During the realization of investment projects as well as in the financing field successful development of insurance business is stipulated by insurance companies’ qualification, their ability to analyze investment projects and estimate really existing risks in specific situations.
At the same time, in preparing for the insurance of investment project risks it is necessary to study the system of really existing risks and record it in documents.
In order to work successfully in this perspective segment of insurance market, it is essential to take into account the following factors: certain professionalism of actions that implies labour distribution and introduction of effective co-operation form between departments and collaborators of a company; correct selection of specialists for the business; use of effective teaching methods and increase of personnel qualification; improvement of insurance companies’ organisational structure; creation of organizational and management documents that regulate internal activities of company.
In general, favourable conditions for large-scale realisation of investment projects develop in Georgia, but their realisation and financing risks cannot be disregarded. It is necessary to effectively manage risks by creating an adequate system, yet no less importance should be attached to investment insurance.