Bulgarian life insurers grow Jan-July GWP 18.9% as sickness insurance premiums soar

Bulgarian life insurers grow Jan-July GWP 18.9% as sickness insurance premiums soar

Bulgaria-based life insurance companies increased their gross written premiums by an annual 18.9% to 310 million levs ($172.9 million/158.5 million euro) in the first seven months of 2019, according to data from the Financial Supervision Commission.The rise was mostly driven by sickness insurance premiums, which more than doubled to 71.4 million levs in the January-July period of 2019 from 31 million levs in the comparable period of 2018, financial regulator data, published on Tuesday, showed.The four biggest life insurers had a combined market share of 87.3% of the total market.Bulstrad Life Vienna Insurance Group was the biggest player on the life insurance market with gross premiums of 98.9 million levs in the first seven months of the year, equal to a market share of 31.9%. The company was also the best performer, increasing its premiums by 60.7% on a year-on-year basis.DZI Life Insurance and Allianz Bulgaria Life followed with market shares of 22.1% and 18.0%, respectively.The other company with a market share of over 10% was UNIQA Life, which recorded a market share of 15.3%.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.