Proceedings of the 24th International Academic Conference, Barcelona

GEORGIA’S SOCIAL INSURANCE SYSTEM: REALITY AND PROSPECTS

NATO KAKASHVILI

Abstract:

Actuality. Organization of social security system serves the aim – Living and quality standards of population should be ensured by redistribution of national income, by realization of social solidarity principle for disabled and low income population. Deepening the problems of social security, usage different forms of protection system has made the issue about improving social security system as a central part of economic research. Usage of social insurance for compensation of losses received from social risks has not been fully formed in Georgia. Social insurance is an important element of the financial system, social security system of population and insurance industry, which brings together the interests of the citizens of any country. Its qualitative and quantitative characteristics create idea about social, economic, legal and cultural level of society. The object of the research is the social insurance system of Georgia, economically strong, democratic and legal state building perspective greatly depends on effective functioning of above mentioned system. The aim of the research. The aim of the research is studying of existing problems in social insurance system and ways of improvement. Research Methods. During the research, due to practical importance and complexity of the problem, it has been used systemic, historical and logical generalization methods. Also it has been used scientific abstraction, methods of analysis and synthesis. Conclusion. The findings and results from the survey will help to eliminate existing problems in social insurance system of Georgia and will raise efficiency.

Keywords: insurance, insurer, social insurance, universal insurance.

DOI: 10.20472/IAC.2016.024.042

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