Bulgaria
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Bulgaria 1Q2022 Rankings
Bulgaria 1Q2022 Market Portofolio
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Bulgaria: Hungarian OTP takes over the banking, leasing and life insurance business from Societe Generale
The sale of the French Societe Generale banking group's Bulgarian subsidiary, SG Expressbank - including the leasing, factoring and life insurance subsidiaries -, to Hungarian OTP Bank was finalized, according to an OTP statement on 16 January.
18 January 2019KJK Fund II acquires 1.77% stake in Eurohold Bulgaria for 2.3 mln euro
2 January 2019Fitch assigns Bulgaia's EIG Re IFS rating of 'BB-", outlook stable
2 January 2019STATISTICS: BULGARIA, 3Q2018: MTPL business shapes the market in growth and leadership terms
The Bulgarian insurance market saw a 13.5% GWP growth in 3Q2018, to EUR 953.36 million, while paid claims went up overall by only 3.75%, to EUR 407 million. Non-life insurance line, especially the MTPL class, were the market's growth drivers.
20 December 2018FSC allows KBC to merge its Bulgarian life insurance units
The Bulgarian Financial Supervisory Commission announced it has allowed DZI - Life Insurance's plan to absorb its wholly-owned unit UBB - Life Insurance. FSC did not provide further details in its statement.
19 December 2018Bulgarian Euroins Insurance Group to Launch Georgian Insurance Market
17 December 2018Bulgarian regulator allows DZI - Life Insurance to absorb UBB - Life Insurance
17 December 2018Bulgaria's Life Insurance Institute to offer services in Romania
13 December 2018Bulgarian insurers' assets grow 3.7% y/y at end-Sept
12 December 2018BULGARIA: Bulgartransgaz signs 2 mln euro deal with OZK Insurance
9 December 2018STATISTICS: BULGARIA, 2008-2017 timeline: claims went up at a double pace than GWP
The Bulgarian insurance market saw a 21.5% increase in GWP volume throughout between 2008 and 2017, the 10 years for which xprimm.com statistical database in presenting market results. The MTPL insurance class had the largest contribution, in absolute terms, to the market growth.
6 December 2018Bulstrad VIG winning tender bid challenged by Bulgaria's OZK Insurance
27 November 2018Bulgarian insurer Lev Ins planning to offer services in Norway
25 November 2018Bulgaria: Protests, traffic jams and blockades against high fuel tariffs, car taxes and MTPL premium
Thousands of Bulgarians protested last weekend in over 20 cities by blocking major highways and roads against higher fuel prices, tax increases for older, more polluting cars and an expected increase in MTPL premiums.
14 November 2018Eurobank Acquires Piraeus Subsidiary in Bulgaria
13 November 2018BULGARIA: Life Insurance Institute plans to offer services in Romania
12 November 2018"Costly" times are coming for Bulgarian drivers
Bulgarian insurance market" authority - FSC recently published a draft ordinance regarding the MTPL tariffs for MTPL policies, wrote local media.
8 November 2018Third Party Liability Insurance in Bulgaria is Possible to Go up to 1,000 BGN
6 November 2018BULGARIA: Insurer Armeec increases stake in Himsnab
5 November 2018Bulgaria: VIG to increase its participation in Bulstrad after TBI liquidation
The Bulgarian Financial Supervision Commission - FSC announced that it has allowed Vienna Insurance Group (VIG) to increase its direct shareholding in Bulstrad Vienna Insurance Group, following the liquidation of its fully-owned subsidiary TBI Bulgaria.
1 November 2018
