Bulgaria
STATISTICS: BULGARIA FY2025: Motor insurance remained the market driver, both in GWP and paid claims terms
Bulgarian insurance market reported FY2025 GWP worth BGN 5.25 billion (EUR 2.68 billion), up 12% y-o-y, according to the official data published by the Financial Supervisory Commission. Life insurers' GWP increased by 11.36% to BGN 870 million, while non-life insurers' GWP rose by 12.16% to BGN 4.38 billion. Overall, the portfolio structure remained almost unchanged.
8 April 2026BULGARIA: FSC bans DallBogg from underwriting new (re)insurance business over compliance breaches
Bulgaria’s Financial Supervision Commission (FSC) has imposed an immediate ban on DallBogg Life and Health Insurance Company from concluding new insurance or reinsurance contracts, extending existing agreements, or broadening their coverage - either across all or selected classes of business.
6 April 2026BULGARIA: Nikolay Stanchev: The insurance market in Bulgaria continues to grow, and interest in property and health insurance is increasing
MTPL demonstrates growth of about 10%, while Motor Hull - about 15%. And there is a significant increase in property insurance - about 25%, as this business line covers household property, corporate assets and agricultural production, said Nikolay Stanchev, Chairman of the Association of Bulgarian Insurers (ABZ) and CEO of Generali Bulgaria.
19 March 2026STATISTICS: BULGARIA, 3Q2025: Significant increase in the claims expenses, mostly driven by motor insurance lines
Bulgarian insurance market reported 3Q 2025 GWP worth BGN 3.94 billion (EUR 2.01 billion), up 12.97% y-o-y, according to the official quarterly figures published by the Financial Supervisory Commission.
26 February 2026BULGARIA: Nina Kolchakova: The insurance market is set to see sustained growth in 2025
The insurance market in Bulgaria is set to see sustained growth in 2025, with premium income growing by around 20% y-o-y and paid claims by approximately 25%. This demonstrates the real and growing contribution of insurers to the financial stability of businesses and households, according to Nina Kolchakova, Secretary General of the Association of Bulgarian Insurers (ABZ).
12 January 2026BULGARIA: Total assets of the insurance sector rise 11% at the end of September
Total assets managed by Bulgarian insurance companies amounted to some BGN 12.57 billion (EUR 6.43 billion) at the end of September, which represents an annual increase of 11.3%, SeeNews writes citing the central bank.
17 December 2025BULGARIA: Nikolay Stanchev: The insurance market has demonstrated sustainable growth, but continues to be dominated by motor insurance
The insurance market in Bulgaria has demonstrated sustainable growth in recent years. One of the main challenges is the pace of economic development, another challenge is related to the lack of qualified personnel in the sector, stated Nikolay Stanchev, Chairman of the Board of the Association of Bulgarian Insurers (ABZ).
3 December 2025STATISTICS: BULGARIA, 1H2025: non-life premiums up by almost 20% y-o-y
Bulgarian insurance market reported 1H 2025 GWP worth BGN 2.73 billion (EUR 1.39 billion), up 17% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission.
20 November 2025BULGARIA: Nikolay Stanchev: The insurance market to maintain a stable pace of development and growth in 2025
The insurance market in Bulgaria will maintain a stable pace of development and growth in 2025, with motor insurance remaining the main driver, and health insurance continuing to develop most dynamically, stated Nikolay Stanchev, Chairman of the Board of the Association of Bulgarian Insurers (ABZ).
27 October 2025BULGARIA: Fitch upgrades IFS rating of Euroins to 'BB-', outlook stable
Fitch Ratings has upgraded Insurance Company Euroins AD's, the main operating entity of Bulgarian Euroins Insurance Group AD (Euroins), Insurer Financial Strength (IFS) Rating to 'BB-', from 'B+'. The Outlook is Stable, the rating agency said in its report.
22 October 2025BULGARIA: As of end-June insurance assets rise by 11.3% y-o-y
At the end of June this year total assets managed by Bulgarian insurance companies amounted to about BGN 12 billion (EUR 6.15 billion), which is 11.3% more y-o-y, SeeNews writes with reference to the central bank.
15 September 2025STATISTICS: 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 2025
