Bulgarian insurers managed to achieve a 10.14% increase in GWP in the first half of 2017, to EUR 581.6 million. The market growth was almost entirely provided by the non-life segment, especially the motor insurance lines.

In profitability terms, the market also closed the first half of the year "in black", with a consolidated net technical result of EUR 34.66 million and a profit of EUR 25.28 million. Only 6 of the market players recorded losses in 1H, totaling EUR 3.18 million.

Bulgarian insurance brokers have mediated gross premiums worth EUR 315.9 million, 15.6% up y-o-y, in 1H2017. The largest share of the total mediated premium came from the MTPL insurance line (47% of the total non-life mediated GWP). Of the total mediated premium volume, EUR 275.8 million, or 87.3%, represent the mediate GWP in favour of insurers domiciled in the Republic of Bulgaria (EUR 245 million - non-life insurance; EUR 30.7 million - life insurance).

Find detailed 1H2017 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2017, to be launched on 22 October.