Bulgaria

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Black Sea;
- Neighbours: Turkey, Greece, Macedonia, Serbia, Romania.

Climate:
- temperate;
- cold, damp winters;
- hot, dry summers coast.

Natural hazards:
- earthquakes;
- landslides.

Macro indicators
* 2018 estimates
Surface:110,994km2
Population*:7.0million
Pop. density*:63.2people/km2
GDP*:55.0EUR billion
GDP/capita*:7,844.0EUR

European Union:
EU member, since 2007

Currency: Lev
Code: BGN
Since: 1999

Exchange rates:
1 EUR = 1.95583 BGN (fixed)


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:18%
TOTAL NON-LIFE*:82%
Overall Property*:11%
Overall Motor*:61%


Sources:



 


Statistics

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Bulgaria 1H2020 Insurance Companies Rankings

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Bulgaria 1H2020 Market Portfolio


See all statistics

Latest news

BULGARIA: SAGLASIE to acquire TOKUDA Health Insurance

The Bulgarian FSC - Financial Supervision Commission announced it has approved the 100% takeover of TOKUDA Health Insurance by the life insurer SAGLASIE. The transaction amount is of about EUR 3 million.





BULGARIAN insurers' assets grow 16% y/y in Q1

The assets managed by Bulgarian insurance companies increased to 7.26 billion levs ($4.15 bilion/3.7 billion euro) at the end of March, up 16% year-on-year, the country's central bank said on Friday.

BULGARIA-based insurance company DZI opens its biggest claims centre

Bulgaria-based insurance company DZI, part of Belgium's KBC Group, said on Tuesday it has opened its biggest claims centre in the country. The company now operates two claims centres in the capital Sofia and a total of 86 in the country, DZI said in a statement.

BULGARIAN regulator suspends EIG's buyout bid for Euroins

Bulgaria's financial regulator said on Tuesday it temporarily banned the publishing of a buyout offer by Euroins Insurance Group (EIG) for the remaining 9.93% of the share capital of Sofia-based insurer Euroins it does not already own.

KBC Group's Q1 after-tax profit in BULGARIA falls

Belgium's KBC Group said on Tuesday its after-tax profit from Bulgarian operations fell to 4 million euro (USD 4.4 million) in the first quarter, from 5 million euro in the like period of 2016.

BULGARIA:'s EIG expects steep rise in premium income in 2017

Bulgaria's Euroins Insurance Group (EIG), part of financial and insurance group Eurohold Bulgaria, said on Friday it expects its premium income to increase to 700 million levs (356.5 million euro) in 2017, from 527.7 million levs in 2016.



BULGARIA's Euroins Insurance Group launches buyout bid for Euroins

Bulgaria's Euroins Insurance Group (EIG), part of financial and insurance group Eurohold Bulgaria, has launched a buyout bid for the remaining 9.93% of the capital of its Sofia-based subsidiary Euroins it does not already own, Euroins said on Thursday.



BULGARIA's Sirma ICS launches digital insurance platform

Bulgarian software company Sirma ICS, part of Sirma Group Holding [BUL:SKK], said on Wednesday it has developed a digital insurance platform - ICS Online - which aims to connect end-customers to insurance brokers and insurance companies.




BULGARIA: Almost 800,000 Euros allocated for agricultural insurance

In 2017, the budget allocated for the State Fund scheme for the co-financing of agricultural insurance premiums will amount to 1.5 million Lev (about 766,776 Euro), as decided in a meeting of the Governing Council of the State Fund "Agriculture" (SFA), reports Investor.bg.