Bulgaria
STATISTICS: BULGARIA 1Q 2025: Impressive claims surge on the non-life segment
Bulgarian insurance market reported 1Q 2025 GWP worth BGN 1.37 billion (EUR 698.65 million), up 21.58% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 10.8% to BGN 210 million, while non-life insurers' GWP rose by 23.67% to BGN 1.15 billion.
4 September 2025BULGARIA: ABZ: Bulgaria remains in last place in Europe in terms of the share of insured property
Despite an increasing number of fires and natural disasters, home insurance in Bulgaria remains extremely low – about 10% of property insured. Thus, Bulgaria remains in last place in Europe in terms of the share of insured property, said Nina Kolchakova, Secretary General of the Association of Bulgarian Insurers (ABZ).
5 August 2025BULGARIA: The assets of the insurance sector rise 9.5% y-o-y at the end of March
The assets managed by Bulgarian insurance companies amounted to BGN 11.76 billion (EUR 6.01 billion) at the end of March, which means a y-o-y increase of 9.5%, SeeNews writes with reference to the central bank.
17 June 2025BULGARIA: ABZ: The insurance sector is fully ready for the euro
The insurance sector in Bulgaria is prepared for the upcoming introduction of the euro, which will come into force from January 1, 2026, according to Nikolay Stanchev, Chairman of the Association of Bulgarian Insurers (ABZ). He emphasized that insurance prices will not change.
11 June 2025BULGARIA: the Association of Bulgarian Insurers accepts new members and elects its Management Board
On May 29, 2025, a regular annual General Meeting of the Association of Bulgarian Insurers (ABZ) was held and the General Assembly accepted new members to the association and elected its Management Board.
2 June 2025Bulgarian tech leader Sirma Group sets sights on the top – starting from Frankfurt Stock Exchange
Sirma Group (Sirma), the largest Bulgarian technology company, has unveiled ambitious growth plans as it builds on a successful 33-year track record. Despite a challenging geopolitical landscape, the company reported an impressive 24% year-over-year revenue growth, surpassing BGN 100 million.
29 May 2025STATISTICS: BULGARIA FY2024: Motor lines drove the overall increasing claims costs
Bulgarian insurance market reported FY2024 GWP worth BGN 4.68 billion (EUR 2.39 billion), up 6.5% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 5.9% to BGN 774 million, while non-life insurers' GWP rose by 6.67% to BGN 3.9 billion. Overall, the portfolio structure remained almost unchanged.
24 April 2025BULGARIA: the assets of Bulgarian insurance companies rise by 6.6% in 2024
The assets managed by Bulgarian insurance companies rose by 6.6% y-o-y to BGN 11.5 billion (EUR 5.9 billion) at the end of 2024, SeeNews reports with reference to the central bank.
17 March 2025BULGARIA: Acquisition of United Health Insurance Fund Doverie makes Generali Group the second-largest player on Bulgaria’s health insurance market
Bulgarian diversified group Doverie United Holding announced the completion of the sale of its subsidiary United Health Insurance Fund Doverie to Netherlands-based insurer Generali CEE Holding, part of Italian Generali Group, for BGN 22 million (EUR 11.2 million), SeeNews reports.
19 February 2025STATISTICS: BULGARIA, 3Q2024: Market leaders challenged, while the market growth slows down
Bulgarian insurance market reported 3Q 2024 GWP worth BGN 3.49 billion (EUR 1.78 billion), up 6.05% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 9.5% to BGN 584.94 million, while non-life insurers' GWP rose by 5.37% to BGN 2.9 billion.
13 February 2025BULGARIA: Euroins is increasing its capital by EUR 51.1 million
Euroins Bulgaria, one of the leading Bulgarian insurers in Eastern Europe, part of Euroins Insurance Group AD (EIG) and Eurohold, the largest Bulgarian publicly-listed holding, is in the process of increasing its capital through the issuance of 25 million new shares, which will raise a total of BGN 100 million (EUR 51.1 million) of its own funds.
10 February 2025BULGARIA: CEO of Generali Bulgaria: Increasing the share of insured property is among top priorities of ABZ
Nikolay Stanchev, Chairman of the Board of the Association of Bulgarian Insurers (ABZ) and CEO of Generali Bulgaria, speaking about the main trends and prospects of the insurance market in Bulgaria, pointed out that in recent years the market has been developing steadily, and life insurance maintains a good growth rate (9% for the first six months of 2024).
4 February 2025BULGARIA: ABZ: only 8% of homes are insured
According to Vesselin Angelov, member of the Board of Directors of the Association of Bulgarian Insurers (ABZ), about 85% of people in Bulgaria live in their own homes, but only about 8% of them are insured. However, in recent years, a positive trend has been observed - the share of insured homes is gradually increasing, ABZ writes.
27 January 2025BULGARIA: non-life represents 70.7% of total insurance assets at the end of September
The assets managed by insurance companies operating in Bulgaria amounted to nearly BGN 11.3 billion (EUR 5.8 billion) at the end of September, growing by 8.8% y-o-y, SeeNews writes with reference to the central bank.
17 December 2024BULGARIA: Fitch Ratings maintains at B+ the IFS rating of Euroins
Fitch Ratings has maintained at B+ the insurer financial strength (IFS) rating of Bulgaria's Insurance Company Euroins, the main operating subsidiary of Euroins Insurance Group (EIG), part of Eurohold Bulgaria, with a stable outlook, as SeeNews reports.
3 December 2024STATISTICS: BULGARIA 1H2024: modest growth amidst the divergent trends in the motor insurance
Bulgarian insurers wrote gross premiums worth EUR 1.19 billion in the first half of 2024, which is by 3.3% over the 1H2023 result. According to data provided by the market authority, life insurance GWP accounted for EUR 203.5 million, 9% up y-o-y, while non-life GWP reached EUR 989.9 million, 2.7% up y-o-y.
7 November 2024STATISTICS: BULGARIA 1Q2024: MTPL insurance drove the negative dynamic of the market
At the end of March 2024, the insurance market in Bulgaria totaled EUR 574.66 million, down by almost 1% y-o-y, according to the official quarterly figures from the Financial Supervision Commission - FSC.
21 October 2024BULGARIA: ABZ: Positive dynamics and sustainable growth on the insurance market
The insurance market in Bulgaria can be characterized by positive dynamics and sustainable growth, as over the past 10 years, premium income has increased more than 2.5 times, reaching BGN 4.4 billion (EUR 5.49 billion) in 2023, with annual growth of 21%, according to Veselin Angelov, member of the Board of Directors of ABZ and executive director of Allianz Bulgaria, the Association wrote.
9 October 2024BULGARIA: at the end of June, the assets of the insurance sector rise to EUR 5.5 billion
At the end of June, 2024, the assets managed by insurance companies operating in Bulgaria reached BGN10.82 billion (EUR 5.5 billion), which indicates a 6% increase y-o-y, SeeNews reports referring to the Central Bank’s statement.
18 September 2024BULGARIA: The assets of the insurance sector reached EUR 5.49 billion by the end of March
The assets of Bulgarian insurance companies reached BGN 10.74 billion (EUR 5.49 billion) at the end of March, which indicates a y-o-y rise of 4.5%, SeeNews reports referring to the Central Bank’s statement.
11 June 2024
