The compenied premium income of Bulgarian insurance companies from general insurance totaled 722.45 mln leva in the second quarter of 2008, data of the Financial Supervision Commission (FSC) showed.

Bulstrad occupied the biggest share of the market in terms of premium income from general insurance in the period April to June - 17.82%. DZI ranked second with a market share of 13.04%.

DZI's market share, however, has declined by 4.92% compared to the corresponding period of 2006. This is also the biggest decline among the leading insurers. Bulstrad's share of the market has grown by 1.13% in the period.

Armeec booked the biggest market share growth in the period. The company controlled 9.07% of the market in the second quarter of 2008, up by 3.86%, compared to the corresponding period of 2006.

Lev Ins marked the second biggest market share growth in the period. The company commanded a 5.15-percent share of the market in the second quarter of 2006, which grew to 8.48% in the second quarter of 2008.

Uniqa (previously Vitosha) ranked third in terms of market share growth. The market share of the company stood at 7.38% in the second quarter of 2008, compared to 5.58% two years earlier.

Three of the four companies that topped the ranking in terms of premium income from general insurance for the second quarter of 2008 posted declines in market share compared to the corresponding period of 2006.

In addition to DZI third and fourth ranked Allianz Bulgaria (-2.05%) and Bul Ins (-1.99%) also gave up ground in the sector over the last two years.

Company20082006Change %Armeec9,07%5,21%3,86Lev Ins8,48%5,15%3,33Uniqa7,38%5,58%1,8Euroins5,25%3,85%1,4Bulstrad17,82%16,69%1,13Interamerican1,34%0,66%0,68Bulgarski Imoti 2,72%2,07%0,65DSK Garancia0,45%0,19%0,26HDI1,06%0,88%0,18Grawe Bulgaria0,00%--UBB-AIG0,4%--Energia2,22%2,24%-0,02Bulgarian Export Insurance Agency0,21%0,32%-0,11Municipal Insurance Company0,57%0,77%-0,2AIG Bulgaria1,27%1,6%-0,33Victoria 1,62%2,91%-1,29Bulins9,35%11,34%-1,99Allianz12,52%14,57%-2,05Generali3,92%7,4%-3,48DZI 13,04%17,96%-4,92

* Data by FSC