Bulgarian Insurers' 2011 Gross Premiums Total 823 Mln Euro

Bulgarian Insurers' 2011 Gross Premiums Total 823 Mln Euro

The combined gross premium income of Bulgaria's insurance companies remained flattish at 1.61 billion levs ($1.09 billion/823.2 million euro) last year, the country's financial regulator said on Friday.

At the end of 2011, 34 Bulgarian companies were licensed to operate as insurers, as 18 of them were non-life insurers, 14 were life insurers and two were operating as life insurance cooperatives, preliminary data of the Financial Supervision Commission showed.

The gross premium income of the general insurers decreased by 1.1% and totalled 1.36 billion levs in 2011. Life insurers posted a combined premium income of 244.7 million levs last year, down by 0.5% from 2010. The gross premium income from voluntary health insurance fell by 4.3% to 40.3 million levs in 2011. The number of licensed health insurance companies in Bulgaria dropped to 19 at the end of December.

A total of 188,363 Bulgarians had voluntary health insurance plans at the end of last year, compared to 207,307 a year earlier.

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