1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Bulgaria Insurance Report Q1 2016

Bulgaria Insurance Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 63 pages

Includes 3 FREE quarterly updates

BMI View: We hold a modest outlook for the Bulgarian insurance industry as a whole. The life insurancesector is poised to grow faster than the non-life sector. Nevertheless, the overall size of the life sectorcombined with low household disposable income and a general lack of understanding of life insurancepolicies and their benefits is a serious constraint on the life insurance subsector outlook. Non-life insuranceaccounts for just under 80% of the premiums of the insurance industry with the motor vehicle sector havingthe lion's share of the non-life market. We believe growth will be slow but will track upwards in both sectorsand all non-life lines over the course of our forecast period. Nevertheless, we retain our view that asluggish economy coupled with low household spending powers will constrain the growth of the insuranceindustry over the course of our forecast period.

Key Updates & Forecasts

- Looking forward, both the life and non-life insurance subsectors are poised for modest positive growthover the course of our forecast period. In 2016, life insurance will post a dollar denominated growth rateof 0.9% with premiums amount to USD200mn and jumping to USD255mn by the end of 2019

- Growth in the non-life sector will be slower but the relative size of the non-life sector will ensure higherabsolute premiums. The non-life sector premiums will amount to USD773mn in 2016, reducing by 3.1%in dollar terms due to currency weakness. We expect dollar growth to resume from 2017 onwards as thecurrency stabilizes with premiums growing to over USD840mn by 2019.

Table Of Contents

Bulgaria Insurance Report Q1 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Bulgaria 2012-2019) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Bulgaria 2012-2019) 14
Table: Life Insurance Claims (Bulgaria 2007-2014) 15
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Bulgaria 2012-2019) 18
Table: Non-Life Insurance Claims (Bulgaria 2008-2014) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums by Product Line (Bulgaria 2012-2019) 30
Insurance Risk/Reward Index 31
Emerging Europe Risk/Reward Index 31
Table: Emerging Europe Insurance Risk/Reward Index 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 34
Table: Life Insurance Market (USDmn) 2008-2014 35
Table: Life Insurance Market (%) 2008-2014 36
Non-Life Market Overview 36
The Product Offering 36
The Competitive Landscape 37
Table: Non-Life Insurance Market (USDmn) 2008-2014 38
Table: Non-Life Insurance Market (%) 2007-2014 39
Company Profile 41
Allianz 41
Euroins 43
Generali 46
Groupama 49
UNIQA Group 51
Vienna Insurance Group (VIG) 54
Methodology 57
Industry Forecast Methodology 57
Risk/Reward Index Methodology 60
Table: Indicators 62
Table: Weighting of Indicators 63

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • September 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020' report provides a detailed analysis of Montenegrin insurance industry. It provides key performance indicators ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.