Eleven life insurers (of 15) ended the period "in black", the most profitable being DZI LIFE (EUR 6.1 million), followed by ALLIANZ Bulgaria Life (EUR 3.2 million) and UBB-METLIFE (EUR 2.7 million). At the same time, the largest loss was reported by EUROINS Life Insurance (EUR 325.7 thousand).
Of 29 non-life insurers, 20 reported profits, while the remaining 9 ended the period "in red". The most profitable insurers were ENERGIA (EUR 9.0 million). ENERGIA is a "property specialised insurer". In the analysed period the company reported GWP of about EUR 20 milion (ranked 12th with 3.3% market share), of which more than 97% was generated by the "fire and other perlis" subclass.
"Top 3 profitable insurers" was completed by ALLIANZ Bulgaria (EUR 5.5 million) and DZI - General Insurance (EUR 5.2 million), while the largest loss was reported by UNIQA Insurance (EUR 890.2 thousand).
In terms of GWP, on the life segment the market leader was ALLIANZ Bulgaria Life (26.3% market share), while the non-life ranking was lead by BULSTRAD VIG with a market share of 12.4%.
Access www.xprimm.com and download the 3Q2016 Bulgarian insurance market statistics (in EUR and BGN).
- Gross written premiums
- Paid claims
- Growth rates
- Life and non-life rankings
- Market shares