Global Custom Market Research Reports Provider Company

phone

Life Insurance in Bulgaria, Key Trends and Opportunities to 2020

  • Published Date: 30 Jun 2017
  • Number of Pages: 108
  • Category: Finance and Banking
  • Country: Bulgaria

Synopsis


Timetrics Life Insurance in Bulgaria, Key Trends and Opportunities to 2020 report provides a detailed outlook by product category for the Bulgarian life insurance segment, and a comparison of the Bulgarian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bulgarian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary


Timetrics Life Insurance in Bulgaria, Key Trends and Opportunities to 2020 report provides in-depth market analysis, information and insights into the Bulgarian life insurance segment, including:

An overview of the Bulgarian life insurance segment

The Bulgarian life insurance segments growth prospects by category

A comprehensive overview of the Bulgarian economy and demographics

A comparison of the Bulgarian life insurance segment with its regional counterparts

The various distribution channels in the Bulgarian life insurance segment

Details of the competitive landscape in the life insurance segment in Bulgaria

Details of regulatory policy applicable to the Bulgarian insurance industry

Scope


This report provides a comprehensive analysis of the life insurance segment in Bulgaria:

It provides historical values for the Bulgarian life insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Bulgarian life insurance segment, and market forecasts to 2020.

It provides a comparison of the Bulgarian life insurance segment with its regional counterparts

It analyzes the various distribution channels for life insurance products in Bulgaria.

It profiles the top life insurance companies in Bulgaria and outlines the key regulations affecting them.

Reasons To Buy


Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian life insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Bulgarian life insurance segment.

Assess the competitive dynamics in the life insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Bulgarian insurance industry, and their impact on companies and the industrys future.

Key Highlights


The life segments gross written premium posted a review-period CAGR of 10.4%.

Bulgarias life insurance penetration rate grew from 0.3% in 2011 to 0.4% in 2015.

Solvency II came into effect on January 1, 2016, and is expected to have a considerable effect on the Bulgarian insurance industry.

The Bulgarian life insurance segment is consolidated, with the four leading companies accounting for 69% of the total gross written premium in 2015.
Publisher Name : Timetric

Table of Contents


1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Assets and investments
5 Distribution Channel Outlook
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Allianz Bulgaria Life Insurance Company company overview
6.1.2 Bulstrad Life Vienna Insurance Group company overview
6.1.3 DZI Life Insurance company overview
6.1.4 Uniqa Life Insurance Plc company overview
6.1.5 UBB-Metlife Zhivotozastrahovatelno Drujestvo AD company overview
6.1.6 Grawe Bulgaria Life Insurance company overview
6.1.7 SiVZK Tumico company overview
6.1.8 Sogelife Bulgaria company overview
6.1.9 Groupama Zastrahovane EAD company overview
6.1.10 Generali Life Insurance company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulation
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Personal accident insurance for passengers on public transport
7.4.3 Workmens compensation
7.4.4 Air carriers and aircraft operators insurance
7.4.5 Professional indemnity insurance for alternative investment fund managers
7.4.6 Liability for ships with respect to oil pollution
7.4.7 Social insurance system
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 European Insurance and Occupational Pensions Authority
7.5.3 Financial Supervision Commission
7.5.4 Federation of European Risk Management Associations
7.6 Non-Admitted Insurance Regulation
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and Penalties
7.7 Company Registration and Operations
7.7.1 Type of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margin
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution
8 Databook
8.1 Policies and Premium
8.2 Claims and Expenses
8.3 Assets and Investments
8.4 Life Insurance by Product
9 Definitions and Methodology
9.1 Definitions
9.2 Methodology
10 About Timetric
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetrics Services
10.4 Disclaimer


List of Tables


Table 1: Bulgarian Life Insurance Key Facts, 2015
Table 2: Bulgarian Life Insurance Segment Shares (%) of the Top Insurers, 2015
Table 3: Bulgarian Government Credit Ratings
Table 4: Bulgarian Life Insurance Gross Written Premium (BGN Million and US$ Million), 20112015
Table 5: Bulgarian Life Insurance Penetration (%), 20112015
Table 6: Bulgarian Life Insurance Gross Written Premium (BGN Million and US$ Million), 20152020
Table 7: Bulgarian Life Insurance Penetration (%), 20152020
Table 8: Bulgarian Individual Life Insurance Direct Written Premium by Category (BGN Million), 20112015
Table 9: Bulgarian Individual Life Insurance Direct Written Premium by Category (BGN Million), 20152020
Table 10: Bulgarian Life Insurance Premium per Capita (BGN and US$), 20112015
Table 11: Bulgarian Life Insurance Premium per Capita (BGN and US$), 20152020
Table 12: Bulgarian Life Insurance Paid Claims (BGN Million and US$ Million), 20112015
Table 13: Bulgarian Life Insurance Paid Claims (BGN Million and US$ Million), 20152020
Table 14: Bulgarian Life Insurance Total Assets (BGN Million and US$ Million), 20112015
Table 15: Bulgarian Life Insurance Total Assets (BGN Million and US$ Million), 20152020
Table 16: Bulgarian Life Insurance Total Investment Income (BGN Million and US$ Million), 20112015
Table 17: Bulgarian Life Insurance Total Investment Income (BGN Million and US$ Million), 20152020
Table 18: Bulgarian Life Insurance Investment Portfolio (BGN Million), 20112015
Table 19: Bulgarian Life Insurance Investment Portfolio (BGN Million), 20152020
Table 20: Bulgarian Life Segment Top five Life Insurers by Product 2016
Table 21: Bulgarian Life Segment Market Shares of Leading Insurers (%), 2015
Table 22: Allianz Bulgaria Life Insurance Company Key Facts
Table 23: Allianz Bulgaria Life Insurance Company Key Financials (BGN Million), 20112015
Table 24: Bulstrad Life Vienna Insurance Group Key Facts
Table 25: Bulstrad Life Vienna Insurance Group Key Financials (BGN Million), 20112015
Table 26: DZI Life Insurance EAD Key Facts
Table 27: DZI Life Insurance EAD Key Financials (BGN Million), 20112015
Table 28: Uniqa Life Insurance Plc Key Facts
Table 29: Uniqa Life Insurance Plc Key Financials (BGN Million), 20112015
Table 30: UBB-Metlife Key Facts
Table 31: UBB-Metlife Key Financials (BGN Million), 20112015
Table 32: Grawe Bulgaria Life Insurance Key Facts
Table 33: Grawe Bulgaria Life Insurance Key Financials (BGN Million), 20112015
Table 34: SiVZK Tumico Key Facts
Table 35: SiVZK Tumico Key Financials (BGN Million), 20112015
Table 36: Sogelife Bulgaria Key Facts
Table 37: Sogelife Bulgaria Key Financials (BGN Million), 20112015
Table 38: Groupama Zastrahovane EAD Key Facts
Table 39: Groupama Zastrahovane EAD Key Financials (BGN Million), 20112015
Table 40: Generali Life Insurance Key Facts
Table 41: Generali Life Insurance Key Financials (BGN Million), 20112015
Table 42: Bulgaria Insurance Regulatory Framework Key Features
Table 43: Bulgaria Life Insurance Regulatory Framework
Table 44: Bulgaria Property Insurance Regulatory Framework
Table 45: Bulgaria Motor Insurance Regulatory Framework
Table 46: Bulgaria Liability Insurance Regulatory Framework
Table 47: Bulgaria Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 48: Bulgaria Corporate Tax Rates for the Financial Year 2016
Table 49: Bulgarian Life Insurance Policies and Premium, 20112015
Table 50: Bulgarian Life Insurance Policies and Premium, 20152020
Table 51: Bulgarian Life Insurance Claims and Expenses, 20112015
Table 52: Bulgarian Life Insurance Claims and Expenses, 20152020
Table 53: Bulgarian Life Insurance Assets and Investments, 20112015
Table 54: Bulgarian Life Insurance Assets and Investments, 20152020
Table 55: Bulgarian Life Insurance Individual Life Insurance by Product, 20112015
Table 56: Bulgarian Life Insurance Individual Life Insurance by Product, 20152020
Table 57: Insurance Industry Definitions


List of Figures


Figure 1: Bulgarian Real GDP (BGN Billion), 20112020
Figure 2: Bulgarian BGNUS$ Exchange Rate, 20112020
Figure 3: Bulgarian Consumer Price Inflation (%), 20112020
Figure 4: Bulgarian Current Account Balance as Percentage of GDP (%), 20112020
Figure 5: Bulgarian Unemployment Rate, 20112020
Figure 6: Bulgarian Population by Age Group, 19902025
Figure 7: Bulgarian Life Insurance Penetration Regional Comparison (%), 2015
Figure 8: Bulgarian Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Bulgarian Individual Life Insurance Gross Written Premium by Category (BGN Million), 20112020
Figure 10: Bulgaria Life Insurance Penetration (%), 20112020
Figure 11: Bulgarian Individual Life Insurance Direct Written Premium by Category (BGN Million), 20112020
Figure 12: Bulgarian Individual Life Insurance Direct Written Premium Share by Category, 20112020
Figure 13: Bulgarian Individual Life Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 14: Bulgarian Life Insurance Premium per Capita (BGN), 20112020
Figure 15: Bulgarian Life Insurance Paid Claims (BGN Million), 20112020
Figure 16: Bulgarian Life Insurance Total Assets (BGN Million), 20112020
Figure 17: Bulgarian Life Insurance Total Investment Income (BGN Million), 20112020
Figure 18: Bulgarian Life Insurance Investment Portfolio (BGN Billion), 20112020
Figure 19: Bulgarian Life Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 20: Bulgarian Life Insurance Segment by Product 2016
Figure 21: Bulgarian Life Segment Market Shares of Leading Insurers (%), 2015
Figure 22: Bulgaria The Three Pillars of Solvency II
Figure 23: Bulgaria Insurance Supervision and Control at Various Levels
Figure 24: Bulgaria Insurance Regulatory Frameworks for Company Registration and Operation


This report studies Lifeboat in Global market, especially in North America, Europe, China, Japan, Korea, focuses on top manufacturers in global market, with production, price, revenue and market share for

View Report

In this report, the EMEA Life Preserver market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing

View Report

In this report, the EMEA Children Life Vest market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022,

View Report
There is no reviews available for this report

Select License Type

Delivery Details

Delivery Details : Electronic files (PDF) of market research reports will dispatched within 12 to 24 hours. (Mon-Fri IST)

Customized Report

If a particular report is not as per your requirement you can ‎choose "Customized Report". To visit click on -

Custom Research Reports