Marsh EOOD continues to be the leading Bulgarian insurance broker, according to statistics released by the Financial Supervision Commission, even though the company's market share has slipped from 12.84% to 7.51% at the end of 2007.
Raiffeissen Insurance broker ranks second with a market share of 7.29% and ING Insurance Brokers is third with 6.21%.
The top five also includes SDI Group, which boosted its share from 1.54% at the end of 2006 to 4.74% last year and Pfoe Agency.
AVB Leasing Insurance and Delivery Broker also hold more than 3% of the market.
There are six new entries in this year's top twenty list Total Ins, Petroins, Trakia Group 7, Porsche Insurance Broker, General Brokers and Balkan Insurance Brokerage.
A total of 221 insurance brokers are included in the FSC's 2007 statistics, compared with 187 a year ago. The top 20 companies together hold 60.63% of the market, versus 54.99% in 2006.
The premium income of Bulgaria-based insurance brokers amounted to 402.374 million leva (205.73 million euros), the FSC said. 370.239 million leva (180 mln euros) of it was accumulated in general insurance and 32.135 million leva (164 mln euros) on the life insurance segment. Premium income generated via insurance brokers is up 49.6% y/y.
|2||Raiffeissen Insurance Broker||7,29%||2,72%|
|3||ING Insurance Brokers||6,21%||6,17%|
|9||MM Insurance Broker||2,44%||2,05%|
|16||Porsche Insurance Broker||1,54%||0,00%|
|18||Insurance Brokerage Balkan||1,52%||1,89%|
|19||Balkanska Insurance Brokerage||1,21%||1,30%|
|20||Piraeus Insurance Brokerage||1,12%||0,21%|