Armeetz, Bulstrad, Viktoria and Euroins Expand Market Shares The Most in The Past 12 Months

Armeetz and Bulstrad are the two insurers that hiked their market shares the most over the past 12 months. They gained 2.42% and 1.28%, respectively, while Viktoria added 0.96%.

Euroins is number four with a hike of 0.83% to a total of 5.25%, while Uniqa and Lev Ins gained 0.56% and 0.54%.

Interamerican and UBB AIG expanded their market positions by 0.19% both, while DSK Garancia added 0.15%.

HDI, Municipal Insurance Company and Bulgarian Export Insurance Agency (BEIA) added 0.05%.
On the other hand, Generali and Bul Ins saw the biggest declines in market shares, losing 2.46% and 1.87% to Bulgarian Properties and Allianz Bulgaria lost 0.68% and 0.65%, while AIG Bulgaria reports a 0.41% drop.

Energia's market share is down by 0,24%, Grave Bulgaria reports no change in its market position.

CompanyQ2'08Q1'08Q2'073 months1 yearArmeetz9,077,386,651,692,42Bulstrad17,8221,4416,54-3,621,28Viktoria2,912,991,95-0,080,96Euroins5,255,184,420,070,83Uniqa7,387,426,82-0,040,56Lev Ins8,487,887,940,60,54Interamerican1,341,151,150,190,19UBB AIG0,40,510,21-0,110,19DSK Garancia0,450,420,30,030,15HDI1,060,921,010,140,05Municipal Ins0,570,550,520,020,05BEIA0,210,130,160,080,05Grave Bulgaria00000Energia2,220,332,461,89-0,24AIG Bulgaria1,271,321,68-0,05-0,41Allianz Bulgaria12,5213,4813,17-0,96-0,65Bulgarian Properties 2,722,763,4-0,04-0,68DZI13,0413,6414,01-0,6-0,97Bul Ins9,358,7711,220,58-1,87Generali 3,923,76,380,22-2,46

*Source: The Financial Supervision Commission

Gross premium income on general insurance for the Jan – June 2008 period stands at 723.3 million leva, according to the companies' aggregated report, which is a hike of 21.4% y/y.

Premium income on direct general insurance is 710.322 million leva (363 mln euros), against 592.287 million leva (302.8 mln euros) in H1.