Wednesday, 22 May 2013

Bulgaria Insurance Report Q3 2013

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Bulgaria Insurance Report Q3 2013
May 22nd 2013, 00:00

Key Insights And Key RisksAs of early 2013, the latest statistics from the Financial Supervision Commission (FSC) and commentsfrom leading companies active in Bulgaria indicate that the insurance sector is, and will remain,underdeveloped through the forecast period. Motor related premiums, which account for nearly threequartersof the non-life segment, have been constrained by the general softness of the economy (and, wesuspect, competition in what is a fragmented market place). Fire and property cover accounts for about onefifthof the premiums in the non-life segment.Life insurance continues to develop - if from a low base. At a little over US$20 per capita, dens...

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