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Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2017 - Product Image

Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2017

  • Published: March 2014
  • Region: Bulgaria
  • 250 pages
  • Timetric

FEATURED COMPANIES

  • Armeec Insurance JSC
  • Bul Ins Insurance Company
  • DZI General Insurance PLC
  • Energia Insurance Company
  • UNIQA Insurance plc
  • MORE

The report provides in depth market analysis, information and insights into the Bulgarian non-life insurance segment, including:
- The Bulgarian non-life insurance segment’s growth prospects by non-life insurance categories
- Key trends and drivers for the non-life insurance segment
- The various distribution channels in the Bulgarian non-life insurance segment
- The detailed competitive landscape in the non-life insurance segment in Bulgaria
- Detailed regulatory framework of the Bulgarian insurance industry
- A description of the non-life reinsurance segment in Bulgaria
- Porter's Five Forces analysis of the non-life insurance segment

Summary
The Bulgarian non-life insurance segment is the largest in the country’s insurance industry, accounting for 80.9% of the gross written premium in 2012. The non-life segment’s penetration is expected to increase from 1.67% in 2012 to 1.73% in 2017. The gross written premium registered by the segment is expected to increase at a CAGR of 6.0%. The non-life segment is concentrated with the six leading companies accounting for 66.2% of the gross written premium in 2012.

Scope
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1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Bulgarian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008–2017
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Recent Market Developments
4 Non-Life Insurance Outlook
4.1 Consumer Segmentation and Buying Behavior
4.2 Product and Marketing Strategies
4.3 Non-Life Insurance Growth Prospects by Category
4.4 Property Insurance
4.4.1 Fire and allied perils insurance
4.4.2 Other property insurance
4.5 Motor Insurance
4.5.1 Motor hull insurance
4.5.2 Motor third-party insurance
4.6 General Third-Party Insurance
4.7 Marine, Aviation and Transit Insurance
4.7.1 Marine hull insurance
4.7.2 Aviation insurance
4.7.3 Transit insurance
5 Analysis by Distribution Channels
5.1 Direct marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-Commerce
5.5 Brokers
5.6 Other Channels
6 Porter’s Five Forces Analysis – Bulgarian Non-Life Insurance Segment
6.1 Bargaining Power of Suppliers: Low
6.2 Bargaining Power of Buyers: Low to Medium
6.3 Barriers to Entry: Low
6.4 Intensity of Rivalry: High
6.5 Threat of Substitutes: Low
7 Reinsurance Segment Outlook
7.1 Reinsurance Segment Size, 2008–2017
7.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Legislation Trends by Type of Insurance
8.2.1 Life insurance regulatory trends
8.2.2 Property insurance regulatory trends
8.2.3 Motor insurance regulatory trends
8.2.4 Liability insurance regulatory trends
8.2.5 Personal accident and health insurance regulatory trends
8.3 Compulsory Insurance
8.3.1 Third-party motor liability insurance
8.3.2 Compulsory personal accident insurance for passengers on public transport
8.3.3 Occupational accident insurance
8.4 Supervision and Control
8.4.1 International Association of Insurance Supervisors (IAIS)
8.4.2 European Insurance and Occupational Pensions Authority (EIOPA)
8.4.3 Financial Supervision Commission
8.5 Non-Admitted Insurance Regulatory Trends
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and penalties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization
8.6.2 Establishing a local company
8.6.3 Foreign ownership
8.6.4 Types of license
8.6.5 Capital requirements
8.6.6 Solvency margins
8.6.7 Reserve requirements
8.6.8 Investment regulations
8.6.9 Statutory return requirements
8.7 Taxation
8.7.1 Insurance premium or policy taxation
8.7.2 Corporate tax
8.7.3 VAT
8.7.4 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access to court
8.8.3 Alternative dispute resolution (ADR)
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Bulgarian Non-Life Insurance Segment
9.3 Comparison of the Top Five Insurers
9.3.1 Gross written premium
9.3.2 Net earned premiums
9.3.3 Gross claims
9.3.4 Loss ratio
9.3.5 Assets
9.4 Armeec Insurance JSC – Company Overview
9.4.1 Armeec Insurance JSC – key facts
9.4.2 Armeec Insurance JSC – key financials
9.5 Bulstrad Vienna Insurance Group – Company Overview
9.5.1 Bulstrad Vienna Insurance Group – key facts
9.5.2 Bulstrad Vienna Insurance Group – key financials
9.6 LEV INS AD Insurance Company – Company Overview
9.6.1 LEV INS AD Insurance Company – key facts
9.6.2 LEV INS AD Insurance Company – key financials
9.7 DZI General Insurance PLC – Company Overview
9.7.1 DZI General Insurance PLC – key facts
9.7.2 DZI General Insurance PLC – key financials
9.8 Allianz Bulgaria Holding A D – Company Overview
9.8.1 Allianz Bulgaria Holding A D – key facts
9.8.2 Allianz Bulgaria Holding A D – key financials
9.9 Bul Ins Insurance Company – Company Overview
9.9.1 Bul Ins Insurance Company – key facts
9.9.2 Bul Ins Insurance Company – key financials
9.1 Euroins Insurance Plc Bulgaria – Company Overview
9.10.1 Euroins Insurance Plc Bulgaria – key facts
9.10.2 Euroins Insurance Plc Bulgaria – key financials
9.11 UNIQA Insurance plc – Company Overview
9.11.1 UNIQA Insurance plc – key facts
9.11.2 UNIQA Insurance plc – key financials
9.12 Energia Insurance Company – Company Overview
9.12.1 Energia Insurance Company – key facts
9.12.2 Energia Insurance Company – key financials
9.13 Victoria Insurance Company Plc – Company Overview
9.13.1 Victoria Insurance Company Plc – key facts
9.13.2 Victoria Insurance Company Plc – key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – Bulgarian Stock Exchange – Sofia
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
10.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
10.2.8 Manufacturing net output at current prices (US$)
10.2.9 Manufacturing net output at current prices as a percentage of GDP
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.12 Construction net output at current prices, (US$)
10.2.13 Construction net output at current prices as a percentage of GDP
10.2.14 Inflation rate
10.2.15 Exports as a percentage of GDP
10.2.16 Imports as a percentage of GDP
10.2.17 Merchandise exports growth
10.2.18 Merchandise imports growth
10.2.19 Annual average exchange rate US$–BGN
10.3 Infrastructure
10.3.1 Commercial vehicles exports – total value
10.3.2 Commercial vehicles imports – total value
10.3.3 Automotive exports – total value
10.3.4 Automotive imports – total value
10.3.5 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Gross national disposable income (US$)
10.5.2 Household consumption expenditure (US$)
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Age distribution of the total population
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric’s Services
11.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Bulgarian Insurance – Overall Written Premium by Segment (BGN Billion), 2008–2012
Table 3: Bulgarian Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Bulgarian Insurance – Overall Written Premium by Segment (BGN Billion), 2012–2017
Table 5: Bulgarian Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Bulgarian Insurance – Segmentation (% Share), 2008–2017
Table 7: Bulgarian Non-Life Insurance – Written Premium by Category (BGN Billion), 2008–2012
Table 8: Bulgarian Non-Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: Bulgarian Non-Life Insurance – Written Premium by Category (BGN Billion), 2012–2017
Table 10: Bulgarian Non-Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: Bulgarian Non-Life Insurance – Earned Premium (BGN Billion), 2008–2012
Table 12: Bulgarian Non-Life Insurance – Earned Premium (BGN Billion), 2012–2017
Table 13: Bulgarian Non-Life Insurance – Paid Claims by Category (BGN Billion), 2008–2012
Table 14: Bulgarian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 15: Bulgarian Non-Life Insurance – Paid Claims by Category (BGN Billion), 2012–2017
Table 16: Bulgarian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 17: Bulgarian Non-Life Insurance – Incurred Loss by Category (BGN Billion), 2008–2012
Table 18: Bulgarian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 19: Bulgarian Non-Life Insurance – Incurred Loss by Category (BGN Billion), 2012–2017
Table 20: Bulgarian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 21: Bulgarian Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 22: Bulgarian Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 23: Bulgarian Non-Life Insurance – Commission and Expenses (BGN Billion), 2008–2012
Table 24: Bulgarian Non-Life Insurance – Commission and Expenses (BGN Billion), 2012–2017
Table 25: Bulgarian Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 26: Bulgarian Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 27: Bulgarian Non-Life Insurance – Frauds and Crimes (BGN Billion), 2008–2012
Table 28: Bulgarian Non-Life Insurance – Frauds and Crimes (BGN Billion), 2012–2017
Table 29: Bulgarian Non-Life Insurance – Total Assets (BGN Billion), 2008–2012
Table 30: Bulgarian Non-Life Insurance – Total Assets (BGN Billion), 2012–2017
Table 31: Bulgarian Non-Life Insurance – Total Investment Income (BGN Billion), 2008–2012
Table 32: Bulgarian Non-Life Insurance – Total Investment Income (BGN Billion), 2012–2017
Table 33: Bulgarian Non-Life Insurance – Retentions (BGN Billion), 2008–2012
Table 34: Bulgarian Non-Life Insurance – Retentions (BGN Billion), 2012–2017
Table 35: Bulgarian Property Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2012
Table 36: Bulgarian Property Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 37: Bulgarian Property Insurance – Written Premium by Sub-Category (BGN Billion), 2012–2017
Table 38: Bulgarian Property Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 39: Bulgarian Property Insurance – Loss Ratio (%), 2008–2012
Table 40: Bulgarian Property Insurance – Loss Ratio (%), 2012–2017
Table 41: Bulgarian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 42: Bulgarian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 43: Bulgarian Fire and Allied Perils Insurance – Written Premium (BGN Billion), 2008–2012
Table 44: Bulgarian Fire and Allied Perils Insurance – Written Premium (BGN Billion), 2012–2017
Table 45: Bulgarian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 46: Bulgarian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 47: Bulgarian Other Property Insurance – Written Premium (BGN Billion), 2008–2012
Table 48: Bulgarian Other Property Insurance – Written Premium (BGN Billion), 2012–2017
Table 49: Bulgarian Motor Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2012
Table 50: Bulgarian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 51: Bulgarian Motor Insurance – Written Premium by Sub-Category (BGN Billion), 2012–2017
Table 52: Bulgarian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 53: Bulgarian Motor Insurance – Loss Ratio (%), 2008–2012
Table 54: Bulgarian Motor Insurance – Loss Ratio (%), 2012–2017
Table 55: Bulgarian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 56: Bulgarian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 57: Bulgarian Motor Hull Insurance – Written Premium (BGN Billion), 2008–2012
Table 58: Bulgarian Motor Hull Insurance – Written Premium (BGN Billion), 2012–2017
Table 59: Bulgarian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 60: Bulgarian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 61: Bulgarian Motor Third-Party Insurance – Written Premium (BGN Billion), 2008–2012
Table 62: Bulgarian Motor Third-Party Insurance – Written Premium (BGN Billion), 2012–2017
Table 63: Bulgarian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 64: Bulgarian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 65: Bulgarian General Third-Party Insurance – Written Premium (BGN Billion), 2008–2012
Table 66: Bulgarian General Third-Party Insurance – Written Premium (BGN Billion), 2012–2017
Table 67: Bulgarian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 68: Bulgarian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 69: Bulgarian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2012
Table 70: Bulgarian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 71: Bulgarian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (BGN Billion), 2012–2017
Table 72: Bulgarian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 73: Bulgarian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 74: Bulgarian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 75: Bulgarian Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 76: Bulgarian Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 77: Bulgarian Marine Hull Insurance – Written Premium (BGN Billion), 2008–2012
Table 78: Bulgarian Marine Hull Insurance – Written Premium (BGN Billion), 2012–2017
Table 79: Bulgarian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 80: Bulgarian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 81: Bulgarian Aviation Insurance – Written Premium (BGN Billion), 2008–2012
Table 82: Bulgarian Aviation Insurance – Written Premium (BGN Billion), 2012–2017
Table 83: Bulgarian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 84: Bulgarian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 85: Bulgarian Transit Insurance – Written Premium (BGN Billion), 2008–2012
Table 86: Bulgarian Transit Insurance – Written Premium (BGN Billion), 2012–2017
Table 87: Bulgarian Non-Life Insurance – Direct Marketing Commission Paid (BGN Billion), 2008–2012
Table 88: Bulgarian Non-Life Insurance – Direct Marketing Commission Paid (BGN Billion), 2012–2017
Table 89: Bulgarian Non-Life Insurance – Written Premium Through Direct Marketing (BGN Billion), 2008–2012
Table 90: Bulgarian Non-Life Insurance – Written Premium Through Direct Marketing (BGN Billion), 2012–2017
Table 91: Bulgarian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 92: Bulgarian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 93: Bulgarian Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 94: Bulgarian Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 95: Bulgarian Non-Life Insurance – Bancassurance Commission Paid (BGN Billion), 2008–2012
Table 96: Bulgarian Non-Life Insurance – Bancassurance Commission Paid (BGN Billion), 2012–2017
Table 97: Bulgarian Non-Life Insurance – Written Premium Through Bancassurance (BGN Billion), 2008–2012
Table 98: Bulgarian Non-Life Insurance – Written Premium Through Bancassurance (BGN Billion), 2012–2017
Table 99: Bulgarian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 100: Bulgarian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 101: Bulgarian Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 102: Bulgarian Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 103: Bulgarian Non-Life Insurance – Commission Paid to Agencies (BGN Billion), 2008–2012
Table 104: Bulgarian Non-Life Insurance – Commission Paid to Agencies (BGN Billion), 2012–2017
Table 105: Bulgarian Non-Life Insurance – Written Premium Through Agencies (BGN Billion), 2008–2012
Table 106: Bulgarian Non-Life Insurance – Written Premium Through Agencies (BGN Billion), 2012–2017
Table 107: Bulgarian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 108: Bulgarian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 109: Bulgarian Non-Life Insurance – Number of Agencies, 2008–2012
Table 110: Bulgarian Non-Life Insurance – Number of Agencies, 2012–2017
Table 111: Bulgarian Non-Life Insurance – E-Commerce Commission Paid (BGN Billion), 2008–2012
Table 112: Bulgarian Non-Life Insurance – E-Commerce Commission Paid (BGN Billion), 2012–2017
Table 113: Bulgarian Non-Life Insurance – Written Premium Through E-Commerce (BGN Billion), 2008–2012
Table 114: Bulgarian Non-Life Insurance – Written Premium Through E-Commerce (BGN Billion), 2012–2017
Table 115: Bulgarian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 116: Bulgarian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 117: Bulgarian Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 118: Bulgarian Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 119: Bulgarian Non-Life Insurance – Commission Paid to Brokers (BGN Billion), 2008–2012
Table 120: Bulgarian Non-Life Insurance – Commission Paid to Brokers (BGN Billion), 2012–2017
Table 121: Bulgarian Non-Life Insurance – Written Premium Through Brokers (BGN Billion), 2008–2012
Table 122: Bulgarian Non-Life Insurance – Written Premium Through Brokers (BGN Billion), 2012–2017
Table 123: Bulgarian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 124: Bulgarian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 125: Bulgarian Non-Life Insurance – Number of Brokers, 2008–2012
Table 126: Bulgarian Non-Life Insurance – Number of Brokers, 2012–2017
Table 127: Bulgarian Non-Life Insurance – Commission Paid to Other Channels (BGN Billion), 2008–2012
Table 128: Bulgarian Non-Life Insurance – Commission Paid to Other Channels (BGN Billion), 2012–2017
Table 129: Bulgarian Non-Life Insurance – Written Premium Through Other Channels (BGN Billion), 2008–2012
Table 130: Bulgarian Non-Life Insurance – Written Premium Through Other Channels (BGN Billion), 2012–2017
Table 131: Bulgarian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 132: Bulgarian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 133: Bulgarian Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 134: Bulgarian Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 135: Reinsurance in Bulgaria by Category (BGN Million), 2008–2012
Table 136: Reinsurance in Bulgaria by Category (US$ Million), 2008–2012
Table 137: Reinsurance in Bulgaria by Category (BGN Million), 2012–2017
Table 138: Reinsurance in Bulgaria by Category (US$ Million), 2012–2017
Table 139: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008–2012
Table 140: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008–2012
Table 141: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2012–2017
Table 142: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012–2017
Table 143: Bulgarian Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 144: Bulgarian Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 145: Bulgaria – Corporate Tax Rates for the Financial Year 2013
Table 146: Total Number of Insurance Companies In The Bulgarian Insurance Industry, 2008 –2012
Table 147: Shares of Key Insurers in the Bulgarian Non-Life Insurance Segment (%), 2012
Table 148: Armeec Insurance JSC, Key Facts
Table 149: Armeec Insurance JSC, Key Financials (BGN Million), 2008–2012
Table 150: Bulstrad Vienna Insurance Group, Key Facts
Table 151: Bulstrad Vienna Insurance Group, Key Financials (BGN Million), 2008–2012
Table 152: LEV INS AD Insurance Company, Key Facts
Table 153: LEV INS AD Insurance Company, Key Financials (BGN Million), 2008–2012
Table 154: DZI General Insurance PLC, Key Facts
Table 155: DZI General Insurance PLC, Key Financials (BGN Million), 2008–2012
Table 156: Allianz Bulgaria Holding A D, Key Facts
Table 157: Allianz Bulgaria Holding A D, Key Financials (BGN Million), 2008–2012
Table 158: Bul Ins Insurance Company, Key Facts
Table 159: Bul Ins Insurance Company, Key Financials (BGN Million), 2008–2012
Table 160: Euroins Insurance Plc Bulgaria, Key Facts
Table 161: Euroins Insurance Plc Bulgaria, Key Financials (BGN Million), 2008–2012
Table 162: UNIQA Insurance plc, Key Facts
Table 163: UNIQA Insurance plc, Key Financials (BGN Million), 2008–2012
Table 164: Energia Insurance Company, Key Facts
Table 165: Energia Insurance Company, Key Financials (BGN Million), 2008–2012
Table 166: Victoria Insurance Company Plc, Key Facts
Table 167: Victoria Insurance Company Plc, Key Financials (BGN Million), 2008–2012

List of Figures
Figure 1: Bulgarian Insurance – Overall Written Premium by Segment (BGN Billion), 2008–2017
Figure 2: Bulgarian Insurance – Dynamics by Segment, 2008–2017
Figure 3: Bulgarian Non-Life Insurance – Written Premium by Category (BGN Billion), 2008–2017
Figure 4: Bulgarian Non-Life Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 5: Bulgarian Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 6: Bulgarian Non-Life Insurance – Earned Premium (BGN Billion), 2008–2012
Figure 7: Bulgarian Non-Life Insurance – Earned Premium (BGN Billion), 2012–2017
Figure 8: Bulgarian Non-Life Insurance – Paid Claims by Category (BGN Billion), 2008–2017
Figure 9: Bulgarian Non-Life Insurance – Incurred Loss by Category (BGN Billion), 2008–2017
Figure 10: Bulgarian Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 11: Bulgarian Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 12: Bulgarian Non-Life Insurance – Commission and Expenses (BGN Billion), 2008–2012
Figure 13: Bulgarian Non-Life Insurance – Commission and Expenses (BGN Billion), 2012–2017
Figure 14: Bulgarian Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 15: Bulgarian Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 16: Bulgarian Non-Life Insurance – Frauds and Crimes (BGN Billion), 2008–2012
Figure 17: Bulgarian Non-Life Insurance – Frauds and Crimes (BGN Billion), 2012–2017
Figure 18: Bulgarian Non-Life Insurance – Total Assets (BGN Billion), 2008–2012
Figure 19: Bulgarian Non-Life Insurance – Total Assets (BGN Billion), 2012–2017
Figure 20: Bulgarian Non-Life Insurance – Total Investment Income (BGN Billion), 2008–2012
Figure 21: Bulgarian Non-Life Insurance – Total Investment Income (BGN Billion), 2012–2017
Figure 22: Bulgarian Non-Life Insurance – Retentions (BGN Billion), 2008–2012
Figure 23: Bulgarian Non-Life Insurance – Retentions (BGN Billion), 2012–2017
Figure 24: Bulgarian Non-Life Insurance – Investment Portfolio (BGN Billion), 2008–2012
Figure 25: Bulgarian Non-Life Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 26: Bulgarian Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 27: Bulgarian Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 28: Bulgarian Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 29: Bulgarian Non-Life Insurance – Premium Per Capita (BGN), 2008–2012
Figure 30: Bulgarian Property Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2017
Figure 31: Bulgarian Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 32: Bulgarian Property Insurance – Loss Ratio (%), 2008–2012
Figure 33: Bulgarian Property Insurance – Loss Ratio (%), 2012–2017
Figure 34: Bulgarian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 35: Bulgarian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 36: Bulgarian Fire and Allied Perils Insurance – Written Premium (BGN Billion), 2008–2012
Figure 37: Bulgarian Fire and Allied Perils Insurance – Written Premium (BGN Billion), 2012–2017
Figure 38: Bulgarian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 39: Bulgarian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 40: Bulgarian Other Property Insurance – Written Premium (BGN Billion), 2008–2012
Figure 41: Bulgarian Other Property Insurance – Written Premium (BGN Billion), 2012–2017
Figure 42: Bulgarian Motor Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2017
Figure 43: Bulgarian Motor Insurance – Dynamics by Sub-Category, 2008–2017
Figure 44: Bulgarian Motor Insurance – Loss Ratio (%), 2008–2012
Figure 45: Bulgarian Motor Insurance – Loss Ratio (%), 2012–2017
Figure 46: Bulgarian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 47: Bulgarian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 48: Bulgarian Motor Hull Insurance – Written Premium (BGN Billion), 2008–2012
Figure 49: Bulgarian Motor Hull Insurance – Written Premium (BGN Billion), 2012–2017
Figure 50: Bulgarian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 51: Bulgarian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 52: Bulgarian Motor Third-Party Insurance – Written Premium (BGN Billion), 2008–2012
Figure 53: Bulgarian Motor Third-Party Insurance – Written Premium (BGN Billion), 2012–2017
Figure 54: Bulgarian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 55: Bulgarian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 56: Bulgarian General Third-Party Insurance – Written Premium (BGN Billion), 2008–2012
Figure 57: Bulgarian General Third-Party Insurance – Written Premium (BGN Billion), 2012–2017
Figure 58: Bulgarian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 59: Bulgarian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 60: Bulgarian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (BGN Billion), 2008–2017
Figure 61: Bulgarian Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 62: Bulgarian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 63: Bulgarian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 64: Bulgarian Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 65: Bulgarian Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 66: Bulgarian Marine Hull Insurance – Written Premium (BGN Billion), 2008–2012
Figure 67: Bulgarian Marine Hull Insurance – Written Premium (BGN Billion), 2012–2017
Figure 68: Bulgarian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 69: Bulgarian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 70: Bulgarian Aviation Insurance – Written Premium (BGN Billion), 2008–2012
Figure 71: Bulgarian Aviation Insurance – Written Premium (BGN Billion), 2012–2017
Figure 72: Bulgarian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 73: Bulgarian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 74: Bulgarian Transit Insurance – Written Premium (BGN Billion), 2008–2012
Figure 75: Bulgarian Transit Insurance – Written Premium (BGN Billion), 2012–2017
Figure 76: Bulgarian Non-Life Insurance – Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 77: Bulgarian Non-Life Insurance – Direct Marketing Commission Paid (BGN Billion), 2008–2012
Figure 78: Bulgarian Non-Life Insurance – Direct Marketing Commission Paid (BGN Billion), 2012–2017
Figure 79: Bulgarian Non-Life Insurance – Written Premium Through Direct Marketing (BGN Billion), 2008–2012
Figure 80: Bulgarian Non-Life Insurance – Written Premium Through Direct Marketing (BGN Billion), 2012–2017
Figure 81: Bulgarian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 82: Bulgarian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 83: Bulgarian Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 84: Bulgarian Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 85: Bulgarian Non-Life Insurance – Bancassurance Commission Paid (BGN Billion), 2008–2012
Figure 86: Bulgarian Non-Life Insurance – Bancassurance Commission Paid (BGN Billion), 2012–2017
Figure 87: Bulgarian Non-Life Insurance – Written Premium Through Bancassurance (BGN Billion), 2008–2012
Figure 88: Bulgarian Non-Life Insurance – Written Premium Through Bancassurance (BGN Billion), 2012–2017
Figure 89: Bulgarian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 90: Bulgarian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 91: Bulgarian Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 92: Bulgarian Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 93: Bulgarian Non-Life Insurance – Commission Paid to Agencies (BGN Billion), 2008–2012
Figure 94: Bulgarian Non-Life Insurance – Commission Paid to Agencies (BGN Billion), 2012–2017
Figure 95: Bulgarian Non-Life Insurance – Written Premium Through Agencies (BGN Billion), 2008–2012
Figure 96: Bulgarian Non-Life Insurance – Written Premium Through Agencies (BGN Billion), 2012–2017
Figure 97: Bulgarian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Figure 98: Bulgarian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Figure 99: Bulgarian Non-Life Insurance – Number of Agencies, 2008–2012
Figure 100: Bulgarian Non-Life Insurance – Number of Agencies, 2012–2017
Figure 101: Bulgarian Non-Life Insurance – E-Commerce Commission Paid (BGN Billion), 2008–2012
Figure 102: Bulgarian Non-Life Insurance – E-Commerce Commission Paid (BGN Billion), 2012–2017
Figure 103: Bulgarian Non-Life Insurance – Written Premium Through E-Commerce (BGN Billion), 2008–2012
Figure 104: Bulgarian Non-Life Insurance – Written Premium Through E-Commerce (BGN Billion), 2012–2017
Figure 105: Bulgarian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 106: Bulgarian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 107: Bulgarian Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 108: Bulgarian Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 109: Bulgarian Non-Life Insurance – Commission Paid to Brokers (BGN Billion), 2008–2012
Figure 110: Bulgarian Non-Life Insurance – Commission Paid to Brokers (BGN Billion), 2012–2017
Figure 111: Bulgarian Non-Life Insurance – Written Premium Through Brokers (BGN Billion), 2008–2012
Figure 112: Bulgarian Non-Life Insurance – Written Premium Through Brokers (BGN Billion), 2012–2017
Figure 113: Bulgarian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Figure 114: Bulgarian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Figure 115: Bulgarian Non-Life Insurance – Number of Brokers, 2008–2012
Figure 116: Bulgarian Non-Life Insurance – Number of Brokers, 2012–2017
Figure 117: Bulgarian Non-Life Insurance – Commission Paid to Other Channels (BGN Billion), 2008–2012
Figure 118: Bulgarian Non-Life Insurance – Commission Paid to Other Channels (BGN Billion), 2012–2017
Figure 119: Bulgarian Non-Life Insurance – Written Premium Through Other Channels (BGN Billion), 2008–2012
Figure 120: Bulgarian Non-Life Insurance – Written Premium Through Other Channels (BGN Billion), 2012–2017
Figure 121: Bulgarian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 122: Bulgarian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 123: Bulgarian Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 124: Bulgarian Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 125: Bulgarian Non-Life Insurance Segment – Five Forces Analysis
Figure 126: Bulgarian Premium Ceded to Reinsurance by Category (BGN Million), 2008–2017
Figure 127: Bulgarian Premium Ceded to Reinsurance by Category (% Share), 2012 and 2017
Figure 128: Bulgarian Reinsurance – Dynamics by Category, 2008–2017
Figure 129: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008–2017
Figure 130: Bulgarian Reinsurance – Dynamics by Type of Insurance, 2008–2017
Figure 131: Bulgarian Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Figure 132: Bulgarian Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Figure 133: Bulgaria – The Insurance Regulatory Framework
Figure 134: Bulgaria – The Three Pillars of Solvency II
Figure 135: Bulgar

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