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

Life Insurance in Bulgaria, Key Trends and Opportunities to 2017

  • ID: 2781905
  • March 2014
  • Region: Bulgaria
  • 228 Pages
  • Timetric
The contribution of the personal accident and health segment is expected to decrease to 3.4%.

FEATURED COMPANIES

  • DZI Insurance
  • Syvzk
  • Uniqa Life
  • MORE

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

Summary
The life segment is the second-largest in the Bulgarian insurance industry, accounting for 15.2% of its gross written premium in 2012. Life insurance penetration decreased from 0.4% in 2008 to 0.3% in 2012 and is expected to remain at 0.3% in 2017. The gross written premium registered by the segment is expected to increase at a CAGR of 3.0%.

Scope
This report provides a comprehensive analysis of the life insurance segment in Bulgaria:
- It provides historical values for the Bulgarian life insurance segment for the report's 2008–2012 READ MORE >

The contribution of the personal accident and health segment is expected to decrease to 3.4%.

FEATURED COMPANIES

  • DZI Insurance
  • Syvzk
  • Uniqa Life
  • MORE

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 Life Insurance Outlook
4.1 Consumer Segmentation and Buying Behavior
4.2 Product and Marketing Strategies
4.3 Life Insurance Growth Prospects by Category
4.3.1 Individual life insurance
4.3.2 Individual general annuity insurance
4.3.3 Individual marriage and birth insurance
4.3.4 Individual unit-linked insurance
4.3.5 Individual supplementary insurance
4.4 Life Insurance Growth Prospects by Product Type
4.4.1 Individual single-premium policies
4.4.2 Individual non-single-premium policies
5 Analysis by Distribution Channel
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 Life Insurance
6.1 Bargaining Power of Supplier: Low
6.2 Bargaining Power of Buyer: High
6.3 Barriers to Entry: Low
6.4 Intensity of Rivalry: High
6.5 Threat of Substitutes: Medium
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 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 Allianz Bulgaria Life Insurance Company Ltd. – Company Overview
9.4.1 Allianz Bulgaria Life Insurance Company Ltd. – key facts
9.4.2 Allianz Bulgaria Life Insurance Company Ltd. – key financials
9.5 Bulstrad Life Vienna Insurance Group – Company Overview
9.5.1 Bulstrad Life Vienna Insurance Group – key facts
9.5.2 Bulstrad Life Vienna Insurance Group – key financials
9.6 DZI Life Insurance – Company Overview
9.6.1 DZI Life Insurance – key facts
9.6.2 DZI Life Insurance – key financials
9.7 Uniqa Life – Company Overview
9.7.1 Uniqa Life – key facts
9.7.2 Uniqa Life – key financials
9.8 UBB-Alico Life Insurance Company – Company Overview
9.8.1 UBB-Alico Life Insurance Company – key facts
9.8.2 UBB-Alico Life Insurance Company– key financials
9.9 Grawe Bulgaria Life Insurance – Company Overview
9.9.1 Grawe Bulgaria Life Insurance – key facts
9.9.2 Grawe Bulgaria Life Insurance – key financials
9.1 Alico Bulgaria Life Insurance Company – Company Overview
9.10.1 Alico Bulgaria Life Insurance Company – key facts
9.10.2 Alico Bulgaria Life Insurance Company – key financials
9.11 Groupama Zhivotozastrahovane EAD – Company Overview
9.11.1 Groupama Zhivotozastrahovane EAD – key facts
9.11.2 Groupama Zhivotozastrahovane EAD – key financials
9.12 Syvzk – Company Overview
9.12.1 Syvzk – key facts
9.12.2 Syvzk – key financials
9.13 Generali Life Insurance AD – Company Overview
9.13.1 Generali Life Insurance AD – key facts
9.13.2 Generali Life Insurance AD – 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 BGN–US$
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 populations
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 (Percentage Share), 2008–2017
Table 7: Bulgarian Life Insurance – Written Premium by Category (BGN Million), 2008–2012
Table 8: Bulgarian Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 9: Bulgarian Life Insurance – Written Premium by Category (BGN Million), 2012–2017
Table 10: Bulgarian Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 11: Bulgarian Life Insurance – Earned Premium (BGN Million), 2008–2012
Table 12: Bulgarian Life Insurance – Earned Premium (BGN Million), 2012–2017
Table 13: Bulgarian Life Insurance – Sum Assured (BGN Billion), 2008–2012
Table 14: Bulgarian Life Insurance – Sum Assured (BGN Billion), 2012–2017
Table 15: Bulgarian Life Insurance – Paid Claims (BGN Million), 2008–2012
Table 16: Bulgarian Life Insurance – Paid Claims (BGN Million), 2012–2017
Table 17: Bulgarian Life Insurance – Incurred Loss (BGN Million), 2008–2012
Table 18: Bulgarian Life Insurance – Incurred Loss (BGN Million), 2012–2017
Table 19: Bulgarian Life Insurance – Loss Ratio (%), 2008–2012
Table 20: Bulgarian Life Insurance – Loss Ratio (%), 2012–2017
Table 21: Bulgarian Life Insurance – Commissions and Expenses (BGN Million), 2008–2012
Table 22: Bulgarian Life Insurance – Commissions and Expenses (BGN Million), 2012–2017
Table 23: Bulgarian Life Insurance – Combined Ratio (%), 2008–2012
Table 24: Bulgarian Life Insurance – Combined Ratio (%), 2012–2017
Table 25: Bulgarian Life Insurance – Frauds and Crimes (BGN Million), 2008–2012
Table 26: Bulgarian Life Insurance – Frauds and Crimes (BGN Million), 2012–2017
Table 27: Bulgarian Life Insurance – Total Assets (BGN Million), 2008–2012
Table 28: Bulgarian Life Insurance – Total Assets (BGN Million), 2012–2017
Table 29: Bulgarian Life Insurance – Total Investment Income (BGN Million), 2008–2012
Table 30: Bulgarian Life Insurance – Total Investment Income (BGN Million), 2012–2017
Table 31: Bulgarian Life Insurance – Retentions (BGN Million), 2008–2012
Table 32: Bulgarian Life Insurance – Retentions (BGN Million), 2012–2017
Table 33: Bulgarian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 34: Bulgarian Individual Life Insurance – Number of Active Policies, 2012–2017
Table 35: Bulgarian Individual Life Insurance – Written Premium (BGN Million), 2008–2012
Table 36: Bulgarian Individual Life Insurance – Written Premium (BGN Million), 2012–2017
Table 37: Bulgarian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Table 38: Bulgarian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Table 39: Bulgarian Individual General Annuity Insurance – Written Premium (BGN Million), 2008–2012
Table 40: Bulgarian Individual General Annuity Insurance – Written Premium (BGN Million), 2012–2017
Table 41: Bulgarian Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2008–2012
Table 42: Bulgarian Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2012–2017
Table 43: Bulgarian Individual Marriage and Birth Insurance – Written Premium (BGN Million), 2008–2012
Table 44: Bulgarian Individual Marriage and Birth Insurance – Written Premium (BGN Million), 2012–2017
Table 45: Bulgarian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 46: Bulgarian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 47: Bulgarian Individual Unit-Linked Insurance – Written Premium (BGN Million), 2008–2012
Table 48: Bulgarian Individual Unit-Linked Insurance – Written Premium (BGN Million), 2012–2017
Table 49: Bulgarian Individual Supplementary Insurance – Number of Active Policies (Thousand), 2008–2012
Table 50: Bulgarian Individual Supplementary Insurance – Number of Active Policies (Thousand), 2012–2017
Table 51: Bulgarian Individual Supplementary Insurance – Written Premium (BGN Million), 2008–2012
Table 52: Bulgarian Individual Supplementary Insurance – Written Premium (BGN Million), 2012–2017
Table 53: Bulgarian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 54: Bulgarian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 55: Bulgarian Individual Single-Premium Insurance – Written Premium (BGN Million), 2008–2012
Table 56: Bulgarian Individual Single-Premium Insurance – Written Premium (BGN Million), 2012–2017
Table 57: Bulgarian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Table 58: Bulgarian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Table 59: Bulgarian Individual Non-Single-Premium Insurance – Written Premium (BGN Million), 2008–2012
Table 60: Bulgarian Individual Non-Single-Premium Insurance – Written Premium (BGN Million), 2012–2017
Table 61: Bulgarian Life Insurance – Direct Marketing Commission Paid (BGN Million), 2008–2012
Table 62: Bulgarian Life Insurance – Direct Marketing Commission Paid (BGN Million), 2012–2017
Table 63: Bulgarian Life Insurance – New Business Written Premium Through Direct Marketing (BGN Million), 2008–2012
Table 64: Bulgarian Life Insurance – New Business Written Premium Through Direct Marketing (BGN Million), 2012–2017
Table 65: Bulgarian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 66: Bulgarian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 67: Bulgarian Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 68: Bulgarian Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 69: Bulgarian Life Insurance – Bancassurance Commission Paid (BGN Million), 2008–2012
Table 70: Bulgarian Life Insurance – Bancassurance Commission Paid (BGN Million), 2012–2017
Table 71: Bulgarian Life Insurance – New Business Written Premium Through Bancassurance (BGN Million), 2008–2012
Table 72: Bulgarian Life Insurance – New Business Written Premium Through Bancassurance (BGN Million), 2012–2017
Table 73: Bulgarian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 74: Bulgarian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 75: Bulgarian Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 76: Bulgarian Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 77: Bulgarian Life Insurance – Commission Paid to Agencies (BGN Million), 2008–2012
Table 78: Bulgarian Life Insurance – Commission Paid to Agencies (BGN Million), 2012–2017
Table 79: Bulgarian Life Insurance – New Business Written Premium Through Agencies (BGN Million), 2008–2012
Table 80: Bulgarian Life Insurance – New Business Written Premium Through Agencies (BGN Million), 2012–2017
Table 81: Bulgarian Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Table 82: Bulgarian Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Table 83: Bulgarian Life Insurance – Number of Agencies, 2008–2012
Table 84: Bulgarian Life Insurance – Number of Agencies, 2012–2017
Table 85: Bulgarian Life Insurance – E-Commerce Commission Paid (BGN Million), 2008–2012
Table 86: Bulgarian Life Insurance – E-Commerce Commission Paid (BGN Million), 2012–2017
Table 87: Bulgarian Life Insurance – New Business Written Premium Through E-Commerce (BGN Million), 2008–2012
Table 88: Bulgarian Life Insurance – New Business Written Premium Through E-Commerce (BGN Million), 2012–2017
Table 89: Bulgarian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 90: Bulgarian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 91: Bulgarian Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 92: Bulgarian Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 93: Bulgarian Life Insurance – Commission Paid to Brokers (BGN Million), 2008–2012
Table 94: Bulgarian Life Insurance – Commission Paid to Brokers (BGN Million), 2012–2017
Table 95: Bulgarian Life Insurance – New Business Written Premium Through Brokers (BGN Million), 2008–2012
Table 96: Bulgarian Life Insurance – New Business Written Premium Through Brokers (BGN Million), 2012–2017
Table 97: Bulgarian Life Insurance – New Policies Sold Through Brokers (Thousand), 2008–2012
Table 98: Bulgarian Life Insurance – New Policies Sold Through Brokers (Thousand), 2012–2017
Table 99: Bulgarian Life Insurance – Number of Brokers, 2008–2012
Table 100: Bulgarian Life Insurance – Number of Brokers, 2012–2017
Table 101: Bulgarian Life Insurance – Commission Paid to Other Channels (BGN Million), 2008–2012
Table 102: Bulgarian Life Insurance – Commission Paid to Other Channels (BGN Million), 2012–2017
Table 103: Bulgarian Life Insurance – New Business Written Premium Through Other Channels (BGN Million), 2008–2012
Table 104: Bulgarian Life Insurance – New Business Written Premium Through Other Channels (BGN Million), 2012–2017
Table 105: Bulgarian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2008–2012
Table 106: Bulgarian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2012–2017
Table 107: Bulgarian Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 108: Bulgarian Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 109: Reinsurance in Bulgaria by Category (BGN Million), 2008–2012
Table 110: Reinsurance in Bulgaria by Category (US$ Million), 2008–2012
Table 111: Reinsurance in Bulgaria by Category (BGN Million), 2012–2017
Table 112: Reinsurance in Bulgaria by Category (US$ Million), 2012–2017
Table 113: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008–2012
Table 114: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008–2012
Table 115: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2012–2017
Table 116: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012–2017
Table 117: Bulgarian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 118: Bulgarian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 119: Bulgaria – Corporate Tax Rates for the Financial Year 2013
Table 120: Companies in the Bulgarian Insurance Industry, 2008–2012
Table 121: Shares of Key Insurers in the Bulgarian Life Insurance Segment (%), 2012
Table 122: Allianz Bulgaria Life Insurance Company Ltd., Key Facts
Table 123: Allianz Bulgaria Life Insurance Company Ltd., Key Financials (BGN Million), 2008–2012
Table 124: Bulstrad Life Vienna Insurance Group, Key Facts
Table 125: Bulstrad Life Vienna Insurance Group, Key Financials (BGN Million), 2008–2012
Table 126: DZI Life Insurance, Key Facts
Table 127: DZI Life Insurance, Key Financials (BGN Million), 2008–2012
Table 128: Uniqa Life, Key Facts
Table 129: Uniqa Life, Key Financials (BGN Million), 2008–2012
Table 130: UBB-Alico Life Insurance Company, Key Facts
Table 131: UBB-Alico Life Insurance Company, Key Financials (BGN Million), 2008–2012
Table 132: Grawe Bulgaria Life Insurance, Key Facts
Table 133: Grawe Bulgaria Life Insurance, Key Financials (BGN Million), 2008–2012
Table 134: Alico Bulgaria Life Insurance Company, Key Facts
Table 135: Alico Bulgaria Life Insurance Company, Key Financials (BGN Million), 2008–2012
Table 136: Groupama Zhivotozastrahovane EAD, Key Facts
Table 137: Groupama Zhivotozastrahovane EAD, Key Financials (BGN Million), 2008–2012
Table 138: Syvzk, Key Facts
Table 139: Syvzk, Key Financials (BGN Million), 2008–2012
Table 140: Generali Life Insurance AD, Key Facts
Table 141: Generali Life Insurance AD, 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 Life Insurance – Written Premium by Category (BGN Million), 2008–2017
Figure 4: Bulgarian Life Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 5: Bulgarian Life Insurance – Dynamics by Category, 2008–2017
Figure 6: Bulgarian Life Insurance – Earned Premium (BGN Million), 2008–2012
Figure 7: Bulgarian Life Insurance – Earned Premium (BGN Million), 2012–2017
Figure 8: Bulgarian Life Insurance – Sum Assured (BGN Billion), 2008–2012
Figure 9: Bulgarian Life Insurance – Sum Assured (BGN Billion), 2012–2017
Figure 10: Bulgarian Life Insurance – Paid Claims (BGN Million), 2008–2012
Figure 11: Bulgarian Life Insurance – Paid Claims (BGN Million), 2012–2017
Figure 12: Bulgarian Life Insurance – Incurred Loss (BGN Million), 2008–2012
Figure 13: Bulgarian Life Insurance – Incurred Loss (BGN Million), 2012–2017
Figure 14: Bulgarian Life Insurance – Loss Ratio (%), 2008–2012
Figure 15: Bulgarian Life Insurance – Loss Ratio (%), 2012–2017
Figure 16: Bulgarian Life Insurance – Commissions and Expenses (BGN Million), 2008–2012
Figure 17: Bulgarian Life Insurance – Commissions and Expenses (BGN Million), 2012–2017
Figure 18: Bulgarian Life Insurance – Combined Ratio (%), 2008–2012
Figure 19: Bulgarian Life Insurance – Combined Ratio (%), 2012–2017
Figure 20: Bulgarian Life Insurance – Frauds and Crimes (BGN Million), 2008–2012
Figure 21: Bulgarian Life Insurance – Frauds and Crimes (BGN Million), 2012–2017
Figure 22: Bulgarian Life Insurance – Total Assets (BGN Million), 2008–2012
Figure 23: Bulgarian Life Insurance – Total Assets (BGN Million), 2012–2017
Figure 24: Bulgarian Life Insurance – Total Investment Income (BGN Million), 2008–2012
Figure 25: Bulgarian Life Insurance – Total Investment Income (BGN Million), 2012–2017
Figure 26: Bulgarian Life Insurance – Retentions (BGN Million), 2008–2012
Figure 27: Bulgarian Life Insurance – Retentions (BGN Million), 2012–2017
Figure 28: Bulgarian Life Insurance – Investment Portfolio (BGN Million), 2008–2012
Figure 29: Bulgarian Life Insurance – Investment Portfolio, 2008 and 2012
Figure 30: Bulgarian Life Insurance – Penetration (%), 2008–2012
Figure 31: Bulgarian Life Insurance – Density (Number of Policies per Capita), 2008–2012
Figure 32: Bulgarian Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 33: Bulgarian Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 34: Bulgarian Life Insurance – Premium Per-capita (BGN), 2008–2012
Figure 35: Bulgarian Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 36: Bulgarian Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 37: Bulgarian Individual Life Insurance – Written Premium (BGN Million), 2008–2012
Figure 38: Bulgarian Individual Life Insurance – Written Premium (BGN Million), 2012–2017
Figure 39: Bulgarian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 40: Bulgarian Individual General Annuity Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 41: Bulgarian Individual General Annuity Insurance – Written Premium (BGN Million), 2008–2012
Figure 42: Bulgarian Individual General Annuity Insurance – Written Premium (BGN Million), 2012–2017
Figure 43: Bulgarian Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 44: Bulgarian Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 45: Bulgarian Individual Marriage and Birth Insurance – Written Premium (BGN Million), 2008–2012
Figure 46: Bulgarian Individual Marriage and Birth Insurance – Written Premium (BGN Million), 2012–2017
Figure 47: Bulgarian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 48: Bulgarian Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 49: Bulgarian Individual Unit-Linked Insurance – Written Premium (BGN Million), 2008–2012
Figure 50: Bulgarian Individual Unit-Linked Insurance – Written Premium (BGN Million), 2012–2017
Figure 51: Bulgarian Individual Supplementary Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 52: Bulgarian Individual Supplementary Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 53: Bulgarian Individual Supplementary Insurance – Written Premium (BGN Million), 2008–2012
Figure 54: Bulgarian Individual Supplementary Insurance – Written Premium (BGN Million), 2012–2017
Figure 55: Bulgarian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 56: Bulgarian Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 57: Bulgarian Individual Single-Premium Insurance – Written Premium (BGN Million), 2008–2012
Figure 58: Bulgarian Individual Single-Premium Insurance – Written Premium (BGN Million), 2012–2017
Figure 59: Bulgarian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 60: Bulgarian Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 61: Bulgarian Individual Non-Single-Premium Insurance – Written Premium (BGN Million), 2008–2012
Figure 62: Bulgarian Individual Non-Single-Premium Insurance – Written Premium (BGN Million), 2012–2017
Figure 63: Bulgarian Life Insurance – New Business Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 64: Bulgarian Life Insurance – Direct Marketing Commission Paid (BGN Million), 2008–2012
Figure 65: Bulgarian Life Insurance – Direct Marketing Commission Paid (BGN Million), 2012–2017
Figure 66: Bulgarian Life Insurance – New Business Written Premium Through Direct Marketing (BGN Million), 2008–2012
Figure 67: Bulgarian Life Insurance – New Business Written Premium Through Direct Marketing (BGN Million), 2012–2017
Figure 68: Bulgarian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 69: Bulgarian Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 70: Bulgarian Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 71: Bulgarian Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 72: Bulgarian Life Insurance – Bancassurance Commission Paid (BGN Million), 2008–2012
Figure 73: Bulgarian Life Insurance – Bancassurance Commission Paid (BGN Million), 2012–2017
Figure 74: Bulgarian Life Insurance – New Business Written Premium Through Bancassurance (BGN Million), 2008–2012
Figure 75: Bulgarian Life Insurance – New Business Written Premium Through Bancassurance (BGN Million), 2012–2017
Figure 76: Bulgarian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 77: Bulgarian Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 78: Bulgarian Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 79: Bulgarian Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 80: Bulgarian Life Insurance – Commission Paid to Agencies (BGN Million), 2008–2012
Figure 81: Bulgarian Life Insurance – Commission Paid to Agencies (BGN Million), 2012–2017
Figure 82: Bulgarian Life Insurance – New Business Written Premium Through Agencies (BGN Million), 2008–2012
Figure 83: Bulgarian Life Insurance – New Business Written Premium Through Agencies (BGN Million), 2012–2017
Figure 84: Bulgarian Life Insurance – New Policies Sold Through Agencies (Thousand), 2008–2012
Figure 85: Bulgarian Life Insurance – New Policies Sold Through Agencies (Thousand), 2012–2017
Figure 86: Bulgarian Life Insurance – Number of Agencies, 2008–2012
Figure 87: Bulgarian Life Insurance – Number of Agencies, 2012–2017
Figure 88: Bulgarian Life Insurance – E-Commerce Commission Paid (BGN Million), 2008–2012
Figure 89: Bulgarian Life Insurance – E-Commerce Commission Paid (BGN Million), 2012–2017
Figure 90: Bulgarian Life Insurance – New Business Written Premium Through E-Commerce (BGN Million), 2008–2012
Figure 91: Bulgarian Life Insurance – New Business Written Premium Through E-Commerce (BGN Million), 2012–2017
Figure 92: Bulgarian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 93: Bulgarian Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 94: Bulgarian Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 95: Bulgarian Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 96: Bulgarian Life Insurance – Commission Paid to Brokers (BGN Million), 2008–2012
Figure 97: Bulgarian Life Insurance – Commission Paid to Brokers (BGN Million), 2012–2017
Figure 98: Bulgarian Life Insurance – New Business Written Premium Through Brokers (BGN Million), 2008–2012
Figure 99: Bulgarian Life Insurance – New Business Written Premium Through Brokers (BGN Million), 2012–2017
Figure 100: Bulgarian Life Insurance – New Policies Sold Through Brokers (Thousand), 2008–2012
Figure 101: Bulgarian Life Insurance – New Policies Sold Through Brokers (Thousand), 2012–2017
Figure 102: Bulgarian Life Insurance – Number of Brokers, 2008–2012
Figure 103: Bulgarian Life Insurance – Number of Brokers, 2012–2017
Figure 104: Bulgarian Life Insurance – Commission Paid to Other Channels (BGN Million), 2008–2012
Figure 105: Bulgarian Life Insurance – Commission Paid to Other Channels (BGN Million), 2012–2017
Figure 106: Bulgarian Life Insurance – New Business Written Premium Through Other Channels (BGN Million), 2008–2012
Figure 107: Bulgarian Life Insurance – New Business Written Premium Through Other Channels (BGN Million), 2012–2017
Figure 108: Bulgarian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 109: Bulgarian Life Insurance – New Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 110: Bulgarian Life Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 111: Bulgarian Life Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 112: Bulgarian Life Insurance – Porter's Five Forces Analysis
Figure 113: Bulgarian Premium Ceded to Reinsurance by Category (BGN Million), 2008–2017
Figure 114: Bulgarian Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 115: Bulgarian Reinsurance – Dynamics by Category, 2008–2017
Figure 116: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008–2017
Figure 117: Bulgarian Reinsurance – Dynamics by Type of Insurance, 2008–2017
Figure 118: Bulgarian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 119: Bulgarian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 120: Bulgaria – The Insurance Regulatory Framework
Figure 121: Bulgaria – The Three Pillars of Solvency II
Figure 122: Bulgaria – Insurance Supervision and Control at Various Levels
Figure 123: Bulgaria – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 124: Shares of Key Insurers in the Bulgarian Life Insurance Segment (%), 2012
Figure 125: Gross Written Premium – Top Five Bulgarian Life Insurers, 2012
Figure 126: Net Earned Premium – Top Five Bulgarian Life Insurers, 2012
Figure 127: Gross Claims – Top Five Bulgarian Life Insurers, 2012
Figure 128: Loss Ratio – Top Five Bulgarian Life Insurers, 2012
Figure 129: Assets – Top Five Bulgarian Life Insurers, 2012
Figure 130: Sofia Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 131: Bulgarian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 132: Bulgarian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 133: Bulgarian GDP at Current Prices (US$ Billion), 2008–2012
Figure 134: Bulgarian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 135: Bulgarian GDP by Key Segments (%) 2007 and 2011
Figure 136: Bulgarian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 137: Bulgarian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 138: Bulgarian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 139: Bulgarian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 140: Bulgarian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 141: Bulgarian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2011
Figure 142: Bulgarian Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 143: Bulgarian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 144: Bulgarian Inflation Rate (%), 2008–2012
Figure 145: Bulgarian Exports as a Percentage of GDP (%), 2008–2012
Figure 146: Bulgarian Imports as a Percentage of GDP (%), 2008–2012
Figure 147: Bulgarian Merchandise Exports Growth (%), 2008–2012
Figure 148: Bulgarian Merchandise Imports Growth (%), 2008–2012
Figure 149: Bulgaria Annual Average Exchange Rate US$–BGN, 2008–2012
Figure 150: Bulgarian Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2011
Figure 151: Bulgarian Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2011
Figure 152: Bulgarian Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 153: Bulgarian Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 154: Bulgarian Internet Subscriptions (Millions), 2007–2011
Figure 155: Bulgarian Size of Labor Force (Million), 2008–2012
Figure 156: Bulgarian Unemployment Rate (%), 2008–2012
Figure 157: Bulgarian Gross National Disposable Income (US$ Billion), 2007–2011
Figure 158: Bulgarian Household Consumption Expenditure (US$ Billion), 2007–2011
Figure 159: Bulgarian Total Population (Million), 2008–2012
Figure 160: Bulgarian Urban and Rural Populations (%), 2008–2012
Figure 161: Bulgarian Population Distribution by Age (%), 2008–2012

The contribution of the personal accident and health segment is expected to decrease to 3.4%.

Allianz Bulgaria Life Insurance Company Ltd.
Bulstrad Life Vienna Insurance Group
DZI Insurance
Uniqa Life
UBB-Alico Life Insurance Company
Grawe Bulgaria Life Insurance
Alico Bulgaria Life Insurance Company
Groupama Zhivotozastrahovane EAD
Syvzk
Generali Life Insurance AD

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