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

Bulgaria 1Q2019 Market Portofolio

Bulgaria 1Q2019 Insurance Companies Rankings


See all statistics

Latest news




FITCH placed EUROHOLD's rating under observation

With reference to the agreement that EUROHOLD Bulgaria AD signed to acquire CEZ's assets in Bulgaria, the international credit rating agency FITCH Ratings placed EUROHOLD Bulgaria AD's Rating under observation.

BULGARIA: EIG to expand its services in Malta under FoS

Sofia-based EUROINS Insurance Group announced its Bulgarian subsidiary Insurance Company EUROINS AD intends to offer legal expenses insurance on the territory of the Republic of Malta under the terms of the freedom of provision of services, according to a statement by Bulgaria's Financial Supervision Commission (FSC).




BULGARIA: ABI appointed new Board of Directors

During its annual meeting, held June 19, 2019, the Association of Bulgarian Insurers (ABI) adopted a program for the following year and elected a new board, led by Konstantin VELEV as Deputy Chairman.





BULGARIA: FSC is working on Bonus-Malus scheme

The Financial Supervision Commission (FSC) of Bulgaria is implementing a bonus-malus system for MTPL insurance. The system, similar to others in Europe, will influence MTPL premium levels depending on driver behavior.



EUROINS, 1Q2019: 41% increase in revenue y-o-y

Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.