Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Black Sea;
- Neighbours: Turkey, Greece, Macedonia, Serbia, Romania.

- temperate;
- cold, damp winters;
- hot, dry summers coast.

Natural hazards:
- earthquakes;
- landslides.

Macro indicators
* 2018 estimates
Pop. density*:63.2people/km2
GDP*:55.0EUR billion

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
Overall Property*:11%
Overall Motor*:61%




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Bulgaria FY2023 Market Portofolio

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Bulgaria FY2023 Companies Rrankings

See all statistics

Latest news

STATISTICS: Bulgarian, 2023: Insurance market exceeded EUR 2 billion for the first time

Bulgarian insurance market reported January-December 2023 GWP worth BGN 4.38 billion (EUR 2.24 billion), up by 21.29% y-o-y, according to the official figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 16% to BGN 725.50 million, while non-life insurers' GWP rose by 22.39% to BGN 3.66 billion.

STATISTICS: Bulgarian market increased to ~EUR 1.7 billion during Q1-Q3 2023

Bulgarian insurance market reported January-September 2023 GWP worth BGN 3.29 billion (EUR 1.68 billion), up by 24.21% y-o-y, according to the official quarterly figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 20.63% to BGN 533.99 million, while non-life insurers' GWP rose by 24.93% to BGN 2.75 billion.

Acrisure buys Bulgarian insurance broker SDI

The Bulgarian insurance broker SDI becomes part of the American fintech company Acrisure. The transaction is expected to be finalized by the end of September.

BULGARIA: Bulstrad Vienna Insurance Group and DZI-Life Insurance win the annual award in non-life and life insurance

On May 17, 2023, the next edition of the annual award ceremony in the insurance sector and the pension insurance - "Insurer of the Year", "Pension Insurance Company of the Year", "Insurer broker of the Year" 2022 took place in Bulgaria, ABZ (Association of Bulgarian Insurers) reports. The best performing companies from the insurance and pension insurance sector in 2022 were honored.

STATISTICS: YE 2022 profits of Bulgarian insurers expanded to almost EUR 125 million

Bulgarian insurance market ended 2022 with a total GWP of BGN 3.61 billion (EUR 1.85 billion), up by 10.87% y-o-y, according to the market figures from the Bulgarian Financial Supervision Commission (FSC). Per business lines, 82.69% represented non-life GWP (EUR 1.53 billion, 12.69% more y-o-y), the remaining 17.31% being accounted by life GWP (EUR 319.76 million, up by 2.95% y-o-y).