Page 29 - Turkinsurance Digital Magazine

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Top 10 insurance companies in non life segment by premium production and
market share (USD)

13,5%
11,6%
10,9%
10,1%
8,8%
7,8% 7,7% 7,3% 7,0%
122.681.779
105.621.785 98.956.409 92.188.532 79.562.506 71.147.882 69.735.927 3,4%
66.589.544
63.974.517
31.273.353
LEV INS BULSTRAD DZI - General ARMEEC BUL INS Euroins Allianz Generali OZK Insurance DallBogg:
Vienna insurance Bulgaria Insurance Zhivot I zdrave
Insurance
Group

As of the third quarter of 2018, we see that 37 insurance compa- ance, railway rolling stock and aircraft insurance line got a total
nies operate in life and non-life insurance segments in Bulgarian share of 2 percent. Top 5 companies in the volume of produced
insurance market. premiums were listed respectively as LEV INS (122.6 million
USD), BULSTRAD Vienna Insurance Group (105.6 million
908.4 million USD premium production USD) DZI - General insurance (98.9 million USD), ARMEEC
(92.1 million USD) and BUL INS (79.5 million USD).
in 2018 Q3 Life insurance production exceeded 191.8 million USD

As of 2018 Q3, Bulgarian insurance market produced 908.4 mil- In the life segment, Bulgarian insurance market produced a pre-
lion USD in insurance premiums. Premium volume had reached mium volume of 191.8 million USD at the end of 2018 Q3. It
1.03 billion USD at the end of 2017 but went down to 957.3 stood at 252.9 million USD at the end of 2017, and slightly
million USD at the end of 2018. As to the volume of premiums increased up to 253.7 million USD at the end of 2018. Among
produced in the non-life segment at 2018 Q3, we see that share insurance lines of the life segment, life insurance and rent had
of motor insurance stands at 74.4 percent, accident and sickness a share of 55.6 percent, followed by life insurance linked to an
at 4.5 percent, travel assistance at 1.2 percent, credit, surety- investment fund with a share of 18.3 percent, health insurance
ship, miscellaneous financial loss and legal expenses at 2.2 per- with a share of 13.9 percent, additional insurance with 5.3 per-
cent, general liability at 1.8 percent and fire and natural forces cent, accident insurance with 4.7 percent, and marriage and
and property at 13.9 percent. Goods in transit, marine insur- child insurance with 2.2 percent.

Distribution of total life premiums by insurance Life insurance premium volume by
lines as of 2018 Q3 years (USD)

252.954.7 252.793.4
Life insurance and rent 86 45
2,2%
191.821.6
Health insurance 94

18,3%
Accident insurance
5,3%
Additional insurance
55,6%
4,7%
Life insurance linked to an 13,9%
investment fund
Marriage and child insurance
2018/Q3 2017 2016

Zeynep Tütüncü / zeynept@bestyayincilik.com