Bulgarian insurance market totaled BGN 2.88 billion (~EUR 1.47 billion) at the end of December 2020, down by 0.88% y-o-y, according to data from the Financial Supervision Commission - FSC.

Life insurers' GWP dropped by 10.46% to BGN 446.73 million (EUR 228.41 million), while non-life insurers' GWP rose by 1.10% to BGN 2.43 billion (EUR 1.24 billion).

DZI Life Insurance was the biggest player on the life insurance market (market share of 22.50%), while LEV INS was the largest insurer on the non-life insurance market with a share of 12.57%.

Insurers YE2020 net profits increased by 26.16% y-o-y to BGN 186.27 million (~EUR 95.24 million) due the 38.87% increase in non-life, the y-o-y rate reported by life insurers being negative: -26.59%, according to the Q4 market figures recently published on the FSC website.

Access XPRIMM Database and download the latest Bulgarian insurance market statistics (in EUR and BGN).