Sat, Jul 04 2009

General insurance market up by 23% in January-July

Tue, Oct 07 2008 11:46 CET bydnevnik.bg 80 Views

Bulgaria's general insurance steamed ahead in the first seven months of the year, posting a 23 per cent year-on-year increase in premium incomes to 847.7 million leva, Financial Supervision Commission data has showed.

Motor insurance generated the bulk of the premium revenue, accounting for about 70 per cent, with comprehensive coverage policies alone fetching more than 395 million leva.

Property insurance gained new momentum, generating over 142 million leva in premiums.

Premiums from railroad vehicles insurance doubled, and marine insurance premiums added more than a third.

The life insurance segment posted a 28 per cent year-on-year increase to over 303 million leva in January-July, compared with the same period of 2007. Life and annuity policies continued to dominate the market, but accident insurance also gained a ground.

Unit-linked insurance gathered premiums in excess of 12 million leva, grabbing nearly eight per cent of the market in the period reviewed.

Source: Dnevnik.bg

Write comment

Name: Comment:
Send your comment

More in this category

Cosmote Romania buys rival operator for 3G licence

Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.

Nabucco deal to be signed July 13

The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.

Harnessing the wind

Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.

Creating a future in IT

On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.

In neutral gear

Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.