Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2021
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GlobalData’s 'Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Bulgarian non-life insurance segment, and a comparison of the Bulgarian insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income during the review period (2012–2016) and forecast period (2016–2021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bulgarian economy and demographics, explains the various types of natural hazard and their impact on the Bulgarian insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Bulgaria:
• It provides historical values for the Bulgarian non-life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
• It offers a detailed analysis of the key categories in the Bulgarian non-life insurance segment, and market forecasts to 2021.
• It provides a comparison of the Bulgarian non-life insurance segment with its regional counterparts.
• It analyzes the various distribution channels for non-life insurance products in Bulgaria.
• It analyzes various natural hazards and their impact on the Bulgarian insurance industry.
• It profiles the top non-life insurance companies in Bulgaria, and outlines the key regulations affecting them.
Key Highlights
• On February 16, 2017, the European Insurance and Occupational Pensions Authority (EIOPA) published a decision regarding the collaboration of insurance regulatory authorities from all European Union (EU) member states, in accordance with the requirements stipulated in the Solvency II directive.
• On February 2, 2017, the European Parliament and Council published the new Insurance Distribution Directive 2016/97 in the official journal of the EU.
• In April 2016, the European Council concluded the regulation of EU data protection reforms, applicable from May 24, 2018.
• Solvency II came into effect on January 1, 2016, and is expected to have a considerable effect on the Bulgarian insurance industry.
• In June 2016, CertAsig launched bond insurance in Bulgaria, which will cover the non-contractual risk between companies and project beneficiaries.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Bulgarian non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Bulgarian insurance industry, and their impact on companies and the industry's future.
LEV INS AD Insurance Company
Bulstrad Vienna Insurance Group
Allianz Bulgaria
DZI – General Insurance
Genarali Bulgaria
Bul Ins
Euroins
OZK Insurance
DallBogg Zhivot i Zdrave EAD
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