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  4. > Bulgaria Insurance Report Q4 2015

Bulgaria Insurance Report Q4 2015

  • October 2015
  • -
  • Business Monitor International
  • -
  • 74 pages

BMI View: Bulgaria's insurance sector continues to fail to reach its potential, with insurance density at justUSD140 per capita in 2015. Growth will be moderate in local currency terms through to 2019, with thesector constrained by a lack of understanding and the low incomes of many consumers. Health insurancewill be the fastest growing element of the non-life sector through to 2019.Most of the metrics of Bulgaria's insurance sector are uninspiring. The absolute size of the market is small.Even in the context of Central and Eastern Europe, it is not large. Local currency weakness, particularlyagainst the dollar will hamper returns for international insurers. Both penetration (premiums as a percentageof GDP) and density (premiums per capita) are at low levels and are likely to remain so for the duration ofthe forecast period. Growth in premiums will not reach double digits in any year prior to 2020.

Table Of Contents

Bulgaria Insurance Report Q4 2015
BMI Industry View 7
SWOT 9
Insurance 9
Political 11
Economic 12
Operational Risk 13
Industry Forecast 15
Life Premiums Forecast 15
Life Premiums 16
Table: Gross Life Premiums Written (Bulgaria 2012-2019) 16
Table: Net Life Premiums Written (Bulgaria 2012-2019) 17
Life Claims 17
Table: Life Insurance Claims (Bulgaria 2007-2014) 17
Life Insurers' Assets 18
Table: Assets (Bulgaria 2007-2014) 18
Life Drivers 18
Table: Life Expectancy by Gender (Bulgaria 2012-2019) 19
Table: Demographic Breakdown (Bulgaria 2012-2019) 20
Non-Life Premiums Forecast 21
Non-Life Premiums 22
Table: Gross Non-Life Premiums Written (Bulgaria 2012-2019) 22
Table: Net Non-Life Premiums Written (Bulgaria 2012-2019) 23
Non-Life Reinsurance 23
Table: Reinsurance Non-Life Premiums Written (Bulgaria 2012-2019) 24
Non-Life Claims 24
Table: Non-Life Insurance Claims (Bulgaria 2007-2014) 24
Table: Non-Life Insurance Claims by Line (Bulgaria 2007-2014) 25
Non-Life Assets 26
Table: Assets (Bulgaria 2007-2014) 26
Non-Life Sub-Sector Forecast 27
Table: Non-Life % Breakdown (Bulgaria 2012-2019) 27
Motor Vehicle Insurance 28
Table: Motor Vehicle Insurance (Bulgaria 2012-2019) 29
Table: Insurance Key Drivers, Autos (Bulgaria 2012-2019) 29
Transport Insurance 30
Table: Transport Insurance (Bulgaria 2012-2019) 31
Table: Insurance Key Drivers, Freight Tonnage (Bulgaria 2012-2019) 31
Health Insurance 32
Table: Health Insurance (Bulgaria 2012-2019) 32
Table: Insurance Key Drivers, Private Health Expenditure (Bulgaria 2012-2019) 33
Personal Accident Insurance 33
Table: Personal Accident Insurance (Bulgaria 2012-2019) 34
Property Insurance 34
Table: Property Insurance (Bulgaria 2012-2019) 35
General Liability Insurance 35
Table: General Liability Insurance (Bulgaria 2012-2019) 36
Credit/Financial Guarantee Insurance 36
Table: Credit/Financial Guarantee Insurance (Bulgaria 2012-2019) 37
Industry Risk Reward Ratings 38
Emerging Europe Risk/Reward Index 38
Table: Emerging Europe Insurance Risk/Reward Index 39
Market Overview 40
Life Market Overview 40
The Product Offering 40
The Competitive Landscape 41
Table: Life Insurance Market (USDmn) 2008-2014 42
Table: Life Insurance Market (%) 2008-2014 43
Non-Life Market Overview 43
The Product Offering 43
The Competitive Landscape 44
Table: Non-Life Insurance Market (USDmn) 2008-2014 45
Table: Non-Life Insurance Market (%) 2007-2014 46
Company Profile 48
Allianz 48
Euroins 50
Generali 52
Groupama 55
UNIQA Group 57
Vienna Insurance Group (VIG) 60
Demographic Forecast 63
Demographic Outlook 63
Table: Population Headline Indicators (Bulgaria 1990-2025) 64
Table: Key Population Ratios (Bulgaria 1990-2025) 64
Table: Urban/Rural Population and Life Expectancy (Bulgaria 1990-2025) 65
Table: Population By Age Group (Bulgaria 1990-2025) 65
Table: Population By Age Group % (Bulgaria 1990-2025) 66
Methodology 68
Industry Forecast Methodology 68
Risk/Reward Index Methodology 71
Table: Indicators 73
Table: Weighting of Indicators 74

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