Page 28 - Turkinsurance Digital Magazine

26 country profile

Age Structure in Bulgaria GDP, comparison by sector
4,3%

14,60%
19,54% 0-14 years

9,43% 15-24 years 28%

13,30% 25-34 years

55-64 years
67,4%
43,12% 65 years and over

Agriculture Industry Services

The Association of Bulgarian Insurers has a prominent position tion regulating the insurance sector, coordinate the international
The Association of Bulgarian Insurers (ABI) was founded in relations of their members, to establish contacts and have rep-
1992. ABI represents 93 percent of the Bulgarian insurance resentative functions toward the international organizations and
market, gathering 30 insurance companies whose total assets unions. They also initiate trainings, public campaigns and other
reach 2.4 billion EUR. ABI takes a leadership position in the similar initiatives in support of their members’ activities.
development of insurance market, protection of industrialist and
benefits, creation of fair competition in the market and estab- Market related data is announced by
lishment of common policies to coordinate insurers for common
interests. the National Audit Office

Main purpose of the Association is to protect the shared interests Bulgarian National Audit Office, which began its activities in
and rights of its members and to assist them in carrying out their 2003, is independent in performing its operations and reports to
insurance activities. “We are committed to maintaining an open the National Assembly. Establishing stability and transparency
dialogue between insurers, consumers, state institutions, the in capital and insurance markets and protecting the rights of
technology industry and the non-governmental organizations in investors and insurance policyholders are among the major pur-
order to achieve industry innovativeness, development of activity poses of National Audit Office. Framework of the Office’s basic
in a fair competition environment, increased social responsibility activities are shaped around improving the legislation, providing
and enhancement of the insurance culture,” states the Associa- licenses and permits, auditing the market players, announcing
tion as its goals. The Association also undertakes responsibilities market-related data that interest the stakeholders
to prepare motivated and justified opinions on the draft legisla-

Distribution of total non-life premium volume by Non-life premium production by
insurance lines as of 2018 Q3 years (USD)

0,2% 0,4% 1.031.954.0
1,8% 0,9% 0,5% Motor insurance 26

2,2% Accident and sickness
1,2% 13,9% Travel assistance
957.301.91
Credit, suretyship, miscellaneous 4
financial loss and legal expenses
4,5% General liability
908.481.88
Fire and natural forces and 9
property
74,4% Goods in transit
Marine insurance
Railway rolling stock

2018 Q3 2017 2016