Armeetz, Lev Ins, Bulstrad and Euorins are the local insurers which expanded their market share the most in the past year, shows data by the Financial Supervision Commission.

Armeetz and Lev Ins boosted their market shares by 2.46% and 1.02% respectively, while Bulstrad (which tops the list in terms of market share) added just 0.87% to it. Euroins gained 0.81%.

Uniqa is fifth with 0.52% and now boasts 7.58%, while UBB AIG and DSK Garanzia added 0.19% and 0.18% compared with September 2007.

The biggest losers, on the other hand, are Bul Ins (-2.08%), Generali (-1.26%). DZI general Insurance and Bulgarian Properties lost 1.11% and 1.03%.

Company30 Sep 200830 sep 2007ChangeArmeetz9,416,952,46Lev Ins8,27,181,02Bulstrad16,6315,760,87Euroins5,474,660,81Uniqa7,587,060,52UBB AIG0,410,220,19DSK Garanzia0,510,330,18HDI1,121,080,04Munucipal Insurance Company0,580,540,04BAEZ0,20,190,01Grave Bulgaria000AIG1,231,55-0,32Energia2,833,36-0,53Allianz11,8312,59-0,76Viktoria1,252,01-0,76Bulgarian Properties2,783,81-1,03DZI13,0914,2-1,11Generali4,195,45-1,26Bul Ins9,8311,91-2,08

Gross premium income on the segment of general insurance stands at 1.05 billion leva (536.8 mln euros) for the January – September 2008 period. This is 23.4% up compared with the same period a year ago, the FSC said.

Premium income on direct general insurance is 1.04 billion leva (531.7 mln euros), against 845.58 mln leva (432.3 mln euros) a year ago.

Motor Casco insurance has the largest share on the market of general insurance (47.8%), followed by MTPL insurance (21.7%). Those two account for 69.5% of total gross premium income in the sector.

As at end of September 2008, Bulgarian insurance companies control assets in the amount of 1.5 billion leva (766.9 mln euros), which is 24.9% up on year.