BULGARIA: at the end of June the insurance sector's assets decreased by 3.8% y-o-y

16 September 2022 — Marina MAGNAVAL
A the end of June 2022, the assets of the Bulgarian insurance companies reached BGN 9.17 billion (EUR 4.7 billion), which is 3.8% less y-o-y, SeeNews reports according to the quarterly insurance sector report of the Bulgarian National Bank.

The assets of non-life companies decreased by 2.2% to BGN 6.5 billion in the first half of 2022, while assets managed by life insurers saw a decrease of 7.6% to BGN 2.72 billion. The share of the non-life insurers in the total market assets is 70.4%.

Securities other than shares represented 45.4% of all insurance companies' assets as of end-June, while shares and other equity represented 19.0% of insurers' total assets, claims from insurance operations constituted 13.6%. The share of deposits also declined to 7.2%.

The number of insurance companies active in Bulgaria decreased to 44 at the end of June from 51 a year earlier.

*EUR 1 = BAM 1.95583

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