The insurance market in Bulgaria has been growing for the 4th year in a row - by small steps, but it is confidently going up.
Gross premiums in the insurance industry are BGN 2.05 billion for 2016, with the total insurance / life distribution being 1.62 billion / 0.43 billion or a ratio of 80% -20%;
Growth in non-life insurance - 3.13% compared to 2015, and in life insurance - 9.5%; The market is dominated by motor insurance -70% share for 2016, followed by property insurance - 17%; Motor vehicle liability continues to make the largest contribution - 39% of premiums and 44% of damages. Growth in comprehensive insurance - 5.7% - more new cars;
The results for the first 8 months of 2017 apply for market growth, as the increase compared to the same period of 2016 is 10% - a distinctive growth in CI, Casco, General CI.
The increase in the insurance "Miscellaneous financial losses" is 100% due to the development of the bonds (Insurance Guarantee under the Public Procurement Act).