New Market Study, "Bulgaria Insurance Report Q3 2014", Has Been Published
As of mid-2014, the newsflow from Bulgaria's small insurance sector confirms our view that premium growth will likely be fairly anaemic in both the non-life and the life segments. In the non-life segment, the main challenge is brutal price competition in motor-related lines which account for the majority of the premiums written. In the life segment, the main challenge remains the low level of households' incomes - a problem that we have highlighted for years: we therefore think that the...
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