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Two new European insurers want to work in Bulgaria

NEWS_PUBLISH_DATE 12 August 2013
Two new European insurers want to work in Bulgaria image

As of July 31, 2013, the insurers from Member States that have notified the Financial Supervision Commission (FSC) that they wish to carry out insurance activity on the territory of the Republic of Bulgaria are 436. For July, two insurance companies from Member States have notified the FSC that they wish to carry out insurance activity on the territory of Bulgaria.

As of July 31, 2013, the insurance intermediaries from Member States that have notified the Financial Supervision Commission that they wish to carry out insurance intermediation activities on the territory of the Republic of Bulgaria are 1662. In July 9 insurance intermediaries from Member States notified the FSC that they wished to operate in Bulgaria, and 7 have given up.

In July, no notifications were received from insurers based in the territory of the Republic of Bulgaria that they wish to carry out insurance activity on the territory of EU Member States, as the total number of companies entitled to this remains 10. As of June 31, insurance brokers with registered office on the territory of the Republic of Bulgaria, who have stated their intention to carry out insurance activity on the territory of EU Member States remains 32.

In July, an insurance broker notified the FSC of its intention to operate in all Member States, and by decision of the Deputy Chairman of the FSC in charge of the Insurance Supervision Department, an insurance broker was deregistered from the register kept on the basis of Art. 30, para. 1, item 10 of the Law on the Financial Supervision Commission, at his request.

The updated lists of notifications are published on the FSC website in the section "Supervised persons" - "Notifications".


Source: Insurance.bg