EuroIns and BulIns – Best Performers on the Insurance Market in October

EuroIns and BulIns – Best Performers on the Insurance Market in October

By end of October, the market share of insureres Euroins and BulIns has increased the most, according to data released by the Financial Supervision Commission.

Both companies boosted their market share by 0.31% and 0.29%, respectively, in just one month, and currently hold 4.97% and 12.2% of the market.

A total of nine companies improved their position on the market in October, two remained unchanged (Municipal Insurance Company and UBB AIG), and eight report declines.

Insurance and Reinsurance Company DZI, Energia and Unica report large gains, while AIG Bulgaria, Armeetz, Vikotoria and DSK Guarantee improved only slightly.

The gross premium income on the market of general insurance stood at 944.875 mln leva (483.106 mln euros) at the end of October. Claims paid within the period came to 37.433 mln leva (19.139 mln euros). 

AIG Bulgaria1.61%1.55%0.05%
DSK Guarantee0.36%0.33%0.02%
Municipal Insurance Company0.54%0.54%0.00%
UBB AIG0.21%0.22%0.00%
HDI ZAD1.07%1.08%-0.01%
Allianz Bulgaria12.46%12.59%-0.13%
Lev Ins7.02%7.18%-0.16%
Generali Insurance5.21%5.45%-0.24%
Bulgarian properties3.48%3.81%-0.32%

Insurers' gross premium income for the entire 2007 is estimated at 1.483 bln leva (758.245 mln euros), of which 1.25 bln leva (639.114 mln euros) from general insurance and 233 mln leva (119.131 mln uros) from life insurance, a report by the Financial Supervision Commission reveals.

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