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New Market Study, "Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2017", Has Been Published

Recently published research from Timetric, "Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2017", is now available at Fast Market Research

 
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Boston, MA -- (SBWIRE) -- 04/15/2014 -- The Bulgarian non-life insurance segment is the largest in the country's insurance industry, accounting for 80.9% of the gross written premium in 2012. The non-life segment's penetration is expected to increase from 1.67% in 2012 to 1.73% in 2017. The gross written premium registered by the segment is expected to increase at a CAGR of 6.0%. The non-life segment is concentrated with the six leading companies accounting for 66.2% of the gross written premium in 2012.

Report Highlights

- The Bulgarian non-life insurance segment is the largest in the country's insurance industry, accounting for 80.9% of the gross written premium in 2012.
- The Bulgarian non-life segment was driven by the motor third-party liability segment during the review period and this is expected to continue over the forecast period.
- Bulgarian non-life insurers are heavily dependent upon insurance brokers who accounted for 43.8% of total gross written premium from new business collected in 2012.
- The non-life segment is concentrated with the six leading companies accounting for 66.2% of the gross written premium in 2012.
- The frequent occurrence of natural disasters in Bulgaria has enhanced the public awareness about property insurance and its benefits.

View Full Report Details and Table of Contents

Report Scope

This report provides a comprehensive analysis of the non-life insurance segment in Bulgaria:

- It provides historical values for Bulgaria's non-life insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key categories in Bulgaria's non-life insurance segment, along with market forecasts until 2017.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for non-life insurance products in Bulgaria.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Bulgaria for the non-life insurance segment.
- It provides a detailed analysis of the reinsurance segment in Bulgaria and its growth prospects.
- It profiles the top non-life insurance companies in Bulgaria and outlines the key regulations affecting them."

Reasons to Get this Report

- 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 within the Bulgarian non-life insurance segment
- Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment

Companies Mentioned in this Report: Armeec Insurance JSC, Bulstrad Vienna Insurance Group, LEV INS AD Insurance Company, DZI General Insurance PLC, Allianz Bulgaria Holding AD, Bul Ins Insurance Company, Euroins Insurance Plc Bulgaria, UNIQA Insurance plc, Energia Insurance Company, Victoria Insurance Company Plc

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