Bulgaria Insurance Report Q4 2016

Publisher Name :
Date: 28-Sep-2016
No. of pages: 62

BMI View: Bulgaria's insurance market is among the least developed of the EU states we monitor and is

also less mature than most other markets in the Central and Eastern Europe (CEE) region. Low household

incomes and discretionary spending have constrained the growth of the sector, resulting in the dominance

of compulsory lines such as motor vehicle insurance in place of life insurance and other discretionary lines.

While a favourable economic climate and rising household incomes should support growth in both the life

and non-life sectors over, the expansion is likely to be at a moderate pace. Likewise, multinationals will

continue to gradually increase their exposure to the market through the introduction of new product lines,

as well as through the acquisition of smaller indigenous firms.

Key Updates & Forecasts

? In August 2016, results from stress tests conducted on Bulgaria's banking system showed the country's

banks to have stabilised since the 2014 banking crisis, and are no longer in need of state support. The

outcome has led us to improve our forecasts for credit/financial guarantee premiums and will also help to

support growth in other lines.

? Our core outlook for the wider non-life insurance market remains in place, which is for premiums growth

to turn positive from 2017 in local and USD terms following a decline of 1.4% and 5.1% respectively in

2016. Premiums will grow by 6.2% a year in US dollar terms over 2017-2020 to reach USD1.1bn,

equivalent to an annual increase of 3.2% in local currency terms.

? In the life insurance market we forecast growth of 0.3% in local currency terms in 2016, Translating to a

fall of 3.5% in USD terms to USD215mn. By 2020 premiums will have grown to reach USD278mn

(BGN455mn).

Bulgaria Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Bulgaria 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Bulgaria 2013-2020) 11
Table: Life Insurance Claims (Bulgaria 2008-2015) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Bulgaria 2013-2020) 15
Table: Non-Life Insurance Claims (Bulgaria 2009-2015) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Bulgaria 2013-2020) 28
Insurance Risk/Reward Index 29
Emerging Europe Risk/Reward Index 29
Table: Emerging Europe Insurance Risk/Reward Index - Q416 30
Market Overview 31
Life Market Overview 31
The Product Offering 31
The Competitive Landscape 31
Table: Life Insurance Market (USDmn) 2009-2015 33
Non-Life Market Overview 34
The Product Offering 34
The Competitive Landscape 34
Table: Non-Life Insurance Market (USDmn) 2009-2015 36
Company Profile 38
Allianz 38
Euroins 41
Generali 44
Groupama 47
UNIQA Group 50
Vienna Insurance Group (VIG) 53
Methodology 56
Industry Forecast Methodology 56
Risk/Reward Index Methodology 59
Table: Indicators 61
Table: Weighting of Indicators 62

List of Tables

Table: Headline Insurance Forecasts (Bulgaria 2013-2020)
Table: Life Premiums (Bulgaria 2013-2020)
Table: Life Insurance Claims (Bulgaria 2008-2015)
Table: Non-Life Premiums (Bulgaria 2013-2020)
Table: Non-Life Insurance Claims (Bulgaria 2009-2015)
Table: Non-Life Insurance Premiums by Product Line (Bulgaria 2013-2020)
Table: Emerging Europe Insurance Risk/Reward Index - Q416
Table: Life Insurance Market (USDmn) 2009-2015
Table: Non-Life Insurance Market (USDmn) 2009-2015
Table: Indicators
Table: Weighting of Indicators
  • A-Share Listed Insurance and Diversified Finance Companies - Profiles and Financial Data
    Published: 16-Mar-2017        Price: US 1000 Onwards        Pages: 95
    Insurance refers to a business centralizing funds through contracts to reimburse the economic loss of insurants. Different from traditional single financial types, diversified finance covers a wide range of investment projects and management services such as trust, leasing and factoring. In 2016, the primary insurance premium income in China was CNY 3.1 trillion and the compensation expenses were CNY 1.05 trillion. The insurance premium income from life insurance reached CNY 1,744.222......
  • Global Travel Insurance Market 2016 Industry Trend and Forecast 2021
    Published: 09-Mar-2017        Price: US 2800 Onwards        Pages: 159
    The Global Travel Insurance Market 2016 Industry Trend and Forecast 2021 is a professional and in-depth study on the current state of the Travel Insurance industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Travel Insurance market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. ......
  • Global Usage-Based Insurance Market Research Report 2017
    Published: 08-Mar-2017        Price: US 2900 Onwards        Pages: 127
    Notes: Production, means the output of Usage-Based Insurance Revenue, means the sales value of Usage-Based Insurance This report studies Usage-Based Insurance in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering - Allianz SE - AXA - Progressive Corporation - Alls......
  • Global IoT Insurance Market Size, Status and Forecast 2022
    Published: 20-Feb-2017        Price: US 3300 Onwards        Pages: 103
    Notes: Production, means the output of IoT Insurance Revenue, means the sales value of IoT Insurance This report studies the global IoT Insurance market, analyzes and researches the IoT Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - International Business Machines - SAP SE - Oracle - Google - Microsoft - Ci......
  • The Insurance Industry in Botswana Key Trends and Opportunities to 2020
    Published: 20-Feb-2017        Price: US 1450 Onwards        Pages: 104
    Synopsis Timetric's 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the ......
  • The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020
    Published: 07-Feb-2017        Price: US 1450 Onwards        Pages: 89
    Synopsis Timetric's 'The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Rwandan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast (2015-2020) periods. The report also gives a comprehensive overview of Rwanda's economy and......
  • The Rise of Big Data in Insurance
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 27
    Synopsis Data has undoubtedly altered the way the insurance industry works, enabling companies to access more information about customers and allowing them to offer the potential for cheaper premiums and rewards. Telematics, wearables, and connected homes are the main established examples. The health sector is where big data's impact is most evident, with wearable technology increasingly used by large insurers, which offer cheaper premiums, reward schemes and health ben......
  • Customer Segmentation in UK Insurance: Evolving Landscapes
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 25
    Financial services is evolving, and the launch of new products - most of which are technology-based - is becoming ever-more frequent. While insurance is steeped in tradition, the industry is beginning to change and evolve - which will be necessary to appeal to Evolving Landscapes consumers, many of whom see no room for traditional businesses in the future. Key Findings 50% of consumers fit into the Evolving Landscapes category, indicating that many rema......
  • The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020
    Published: 24-Jan-2017        Price: US 1450 Onwards        Pages: 112
    Synopsis Timetric's 'The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mozambican insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Moza......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs