Key Market Indicators
Bulgarian Life Insurance Revenue Poised for Steady Growth The Bulgarian life insurance market is projected to see a modest increase over the next few years, with revenue expected to reach approximately €275 million by 2028. This marks a slight growth from the €269 million forecasted for 2023, reflecting an average annual growth rate of 0.4%. Since 2018, the Bulgarian life insurance sector has consistently grown at the same rate of 0.4% year on year. In the rankings for 2023, Bulgaria secured the 23rd position. Cyprus slightly outpaced Bulgaria, matching the latter's revenue of €269 million. In the broader European context, Denmark, Germany, and Italy occupied the second, third, and fourth positions respectively in the life insurance revenue rankings.
