Bulgaria
Bankrupt Insurer Left 275,000 Bulgarian Drivers Without Valid Third Party Liability Insurance
18 August 2018Bulgarian branch of Olympic Insurance to terminate insurance policies on Aug 17
18 August 2018STATISTICS: BULGARIA 1Q 2018: GWP up to more than EUR 300 million
The total GWP by Bulgarian insurers in 1Q 2018 was BGN 608.07 million (EUR 310.90 million), up by 6.28% y-o-y, according to the quarterly statistics published on the FSC's website.
8 August 2018BULGARIA: The leasing arm of ARMEEC to acquire ERB Leasing
Bulgaria's ARMEEC Leasing, part of local insurer ARMEEC, intends to acquire the Bulgarian unit of ERB Leasing, part of Greece's Eurobank group.
9 July 2018Bulgaria: Bonus-Malus system one step closer to implementation
Ernst & Young, the Bulgarian Financial Supervision Commission's consultant on the bonus-malus system introduction for the MTPL insurance has submitted its final report, presenting no less than 11 possible scenarios for the system's design.
5 July 2018Bulgaria's Doverie-managed pension funds subscribe for bulk of Gradus IPO
4 July 2018BULGARIA: Agricultural insurance co-financing scheme to receive extra funding
According to a recent decision of the Bulgarian State Fund Agriculture, the budget state aid scheme for agricultural insurance premiums co-financing will be increased by BGN 700,000 in 2018, to BGN 2.2 million (EUR 1.12 million), Novinite reports.
14 June 2018BULSTRAD VIG awarded Non-life Insurer of the Year in 2017
ZAD BULSTRAD VIENNA INSURANCE GROUP has been awarded the highest recognition on the insurance market in Bulgaria, during the 10th anniversary edition of the Bulgarian market's prestigious awards gala.
4 June 2018BULGARIA: UNIQA's premium income rises 31.5% y/y in Feb
Bulgarian unit of Austrian insurance group UNIQA said its premium income rose by an annual 31.5% to 35.2 million euro (18 million euro) in February.
17 May 2018BULGARIA bans Cyprus-based insurer Olympic's branch from signing new deals
Bulgaria's financial regulator said it has banned the local branch of Cyprus-based insurer Olympic from signing new insurance and reinsurance contracts, as well as extending the term and widening the scope of contracts already signed.
17 May 2018Eurohold Bulgaria cons net profit more than doubles in 2017
19 April 2018Bulgaria: ARMEEC sold 80% of its Russian unit shares
The third largest Bulgarian insurer in GWP terms has sold 80% of its Russian unit ITIL ARMEEC shares, announced the Financial Supervision Commission without providing further information, wrote SeeNews.
27 March 2018Bulgaria: KBC completes acquisition of MetLife's 40% stake in UBB-MetLife joint venture
Belgian financial group KBC said it has completed the acquisition, through its Bulgarian subsidiary DZI Insurance, of MetLife's 40% stake in UBB-MetLife Life Insurance Company, a life insurance joint venture between United Bulgarian Bank (UBB) and MetLife (UBB-MetLife).
21 March 2018BULGARIAN insurer Armeec sells majority stake in Russian unit
Bulgaria's financial regulator said that local insurance company Armeec has sold a stake of over 80% in its Russia-based unit Itil Armeec.
20 March 2018BULGARIA's Euroins to launch operations in Poland in H1
Bulgarian insurance company Euroins, part of Euroins Insurance Group (EIG), will start operations in Poland in the first half of 2018, a senior EIG official told SeeNews on Thursday.
20 March 2018BULGARIA's DZI Life Insurance gets regulatory nod to acquire UBB-MetLife Life Insurance
Bulgaria's competition regulator said it has given approval to DZI Life Insurance owned by Belgium's KBC Group to acquire full ownership of Sofia-based UBB-MetLife Life Insurance Company.
15 March 2018BULGARIAN insurers' assets grow by 10.3% in 2017
The assets managed by Bulgarian insurance companies increased to 7.30 billion levs ($4.6 bilion/3.7 billion euro) at the end of 2017, up 10.3% year-on-year, the country's central bank said on Monday.
15 March 2018STATISTICS: Bulgaria FY2017: Insurers' profits decreased by 4.8% y-o-y to EUR 52.6 million
Bulgarian insurers ended 2017 with a 7.50% y-o-y growth-rate in GWP, to BGN 2.20 billion (EUR 1.12 billion), while the aggregate value of net profit decreased by 4.80% y-o-y to BGN 102.83 million (~ EUR 52.58 million), according to the Bulgarian FSA preliminary figures.
15 March 2018NN Bulgaria supports Bulgarian universities with financial literacy
8 March 2018Bulgaria's Life Insurance Institute gets nod to absorb Health Insurance Institute
Bulgaria's financial regulator said it has granted approval to Sofia-based Life Insurance Institute to absorb local peer Health Insurance Institute.
8 March 2018
