As of October 31, 2013, there are 444 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.
In October, two insurance companies from Member States notified the FSC that they wished to carry out insurance activities on the territory of Bulgaria and one company withdrew.
As of October 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 1705. In October 17 insurance intermediaries from Member States notified the FSC that they wished to perform activity in Bulgaria and one intermediary has given up.
In October, an insurer based in the territory of the Republic of Bulgaria announced its intention to expand its insurance business in the territory of an EU Member State, as the total number of companies entitled to this remains 10. As of October 31, the total number of operating insurance companies intermediaries 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, remain 27.
Source: profit.bg