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:



 

Bulgarian insurance supervisor withdraws the license of ZAD DallBogg: Life and Health AD

On 9 June, the Bulgaria's Financial Supervision decided to withdraw the license of ZAD DallBogg: Life and Health AD. The FSC and National Competent Authorities in whose markets ZAD DallBogg: Life and Health AD distributed its products have been cooperating closely to protect the interests of consumers across the EU single market, EIOPA announced.

BULGARIA: In 1Q insurance sector’s assets rise almost 12% y-o-y

The assets managed by Bulgarian insurance companies amounted to EUR 7.69 billion at the end of March, marking an annual increase of 11.7%, SeeNews reports citing the central bank. Compared to the end of 2025, assets managed by Bulgarian insurers increased by 1.5%, according to the Bulgarian National Bank (BNB).













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.