Directions for improving travel insurance in Georgia

Nato Kakashvili,

Directions for improving travel insurance in Georgia

Nato Kakashvili,

Assistant Professor at TSU, Faculty of Economics and Business

Abstract

Peer review method: Double-Blind

Accepted: May 15, 2023

Published: June 2, 2023

Original scientific article

DOI suffix: 10.36962/NEC18022023-26

The global COVID pandemic, in turn, has increased importance of travel insurance, which is reflected in the travel insurance products offered by insurance companies, travel has exposed both businesses and people to significant financial risk. Travel insurance provides protection against unexpected losses during travel, which covers expenses related to the risks of travel within the country or abroad, such as: cancellation of the trip; medical services; luggage lost or other unforeseen cases. Safety is an important factor, both within the country and when traveling abroad. We consider travel insurance to be the best way to reduce financial losses while traveling. Canceling trips due to the pandemic has become a common occurrence, and the need for medical assistance has become a real possibility. Thus, travel insurance is a good way to insure yourself against similar types of financial losses.

Keywords: Insurer; travel insurance, insurance limit, insurance coverage.

Introduction

References:

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https://imedil.ge/Documents/TravelTerms/%83%9D%E1(Last seen 21.04.2023)%83%A4%E1%83%9A%E1%83%98%E1%83%9D_50%20000%20USD.pdf. (2023, 04 04). ( accessed 21.04.2023)

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References

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The New Economist N 2 (2023), Vol 18, Issue 2

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Published Date:

03/07/2023

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