BULGARIA insurers' assets grow by 8.2% in 2016

The assets managed by Bulgarian insurance companies reachеd 6.6 billion levs (3.37 billion euro) at the end of December, up by 8.2% year-on-year, the country's central bank said on Monday.

The assets of life insurance companies increased by 10.4% on the year to 1.83 billion levs as of end-December, while the assets managed by general insurance companies rose by 7.4% to 4.46 billion levs, the Bulgarian National Bank (BNB) said on its website. Read the full story

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At the end of September 2016, the Bulgarian insurance market totaled about EUR 781 million, 8% more y-o-y, statistical data published by the FSC - Financial Supervision Commission show. Life insurers ended the first three quarters with an aggregate profit of EUR 16.9 million (vs. EUR 12.3 million in 3Q2015), while the non-life insurers reported an aggregated after tax result of EUR 33.1 million (vs. EUR 29.6 million).

2017-01-12

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