A total of eight of the 19 insurance companies operating in the general insurance sector in Bulgaria lost market share as at July 2008, a check-up conducted by Profit.bg based on data from the Financial Supervisiojn Commission (FSC) shows.

Those included: Bulins (from 11.78% to 9.56% market share), Generali Insurance (from 5.94% to 3.94% ) and DZI – General Insurance (from 14.14% to 13.02%).

See the table for more details on the insurers that have lost market share in the period July 2007 to July 2008:

InsurerJuly 2007July 2008ChangeBulins11,78%9,56%-2,22%Generali 5,94%3,94%-2,00%DZI- General Insurance 14,14%13,02%-1,12%Bulgarski Imoti 3,71%3,07%-0,65%Allianz Bulgaria 13,00%12,39%-0,62%AIG Bulgaria 1,61%1,22%-0,39%Energy Insurance and Reinsurance Company2,73%2,44%-0,28%HDI 1,07%1,06%-0,01%Grawe Bulgaria General Insurance n/an/an/a

Data: FSC

Armeec posted the biggest increase in market share as at July 2008 in the general insurance segment. The market share of the company rose from 6.8% to 9.13% in a year.

Bustrad ranked second in terms of biggest market share growth. The company occupied 17.14% of the general insurance market as at July 2008, compared to 16.06% a year earlier.

Euroins occupied the number three spot with a market share increase in the from 4.49% to 5.39%.

InsurerJuly 2007July 2008ChangeArmeec6,80%9,13%2,33%Bulstrad16,06%17,14%1,09%Euroins4,49%5,39%0,90%Victoria1,99%2,89%0,89%Lev Ins7,53%8,27%0,74%Uniqa6,81%7,54%0,73%UBB-AIG0,20%0,37%0,17%Interamerican Bulgaria1,17%1,34%0,17%DSK Garancia 0,30%0,46%0,16%Municipal Insurance Company0,52%0,57%0,05%Bulgarian Export Insurance Agency 0,16%0,21%0,05%

Data: FSC