Boston, MA -- (SBWIRE) -- 12/10/2012 -- The Bulgarian insurance industry grew at a compound annual growth rate (CAGR) of 1.5% during the review period (2007-2011). The Bulgarian life insurance segment is highly-concentrated. There has been little change in terms of segment concentration during the review period. Furthermore, almost all of the key life insurers are owned by foreign entities. Bulgaria's insurance industry is dominated by the non-life segment. Motor insurance is the largest category within the segment as third-party liability insurance is mandatory by law. In October 2011, Vienna Insurance Group announced that it would be merging Bulstrad with Bulgarski Imoti, which is expected to increase the group's market share to 16% of the non-life segment.

Key Highlights

- The Bulgarian insurance industry grew at a compound annual growth rate (CAGR) of 1.5% during the review period (2007-2011).
- The Bulgarian life insurance segment is highly-concentrated.
- There has been little change in terms of segment concentration during the review period.
- Almost all of the key life insurers are owned by foreign entities.
- Bulgaria's insurance industry is dominated by the non-life segment. Motor insurance is the largest category within the segment as third-party liability insurance is mandatory by law.
- In October 2011, Vienna Insurance Group announced that it would be merging Bulstrad with Bulgarski Imoti, which is expected to increase the group's market share to 16% of the non-life segment.

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Scope

This report provides a comprehensive analysis of the insurance market in Bulgaria:

- It provides historical values for the Bulgarian insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Bulgarian insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top 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 in the Bulgarian insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Bulgarian insurance market
- Assess the competitive dynamics in the Bulgarian insurance market
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Bulgarian insurance market and its impact on companies and the industry's future

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

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