1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Bulgaria Insurance Report Q3 2011: New research report available at Fast Market Research

New Financial Services research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Jun. 19, 2011 - Key Insights And Key Risks

*  Robust recovery in the wider economy promises potential upside for the insurance sector.
 *  Stabilisation of life premiums is likely as confidence returns to local savers.
 *  Motor vehicle insurance continues to dominate the non-life segment as compulsory motor third-party liability (CMTPL) insurance drove growth.


Bulgaria's insurance sector continues to face severe challenges stemming from its poor macroeconomic performance in recent years. However our view for Bulgaria to experience a more robust return to economic growth has played out sooner than we anticipated, and as such the prospects for the insurance sector are more promising in 2011. The Financial Supervision Commission (FSC) estimates that non-life premiums contracted by about 7% in 2010, although there is scope for marginal growth in 2011. BMI's Insurance Risk/Reward Rating for Bulgaria is 50.2.

------------------------------------------------------------
Full Report Details at
- http://www.fastmr.com/prod/171453_bulgaria_insurance_repo...
------------------------------------------------------------

Stabilisation of life premiums is a possibility and will indicate that local savers perceive an improvement in the medium-term outlook for Bulgaria's economy and financial markets. Premiums in the small life segment in particular could experience growth in 2011 but they are unlikely to reach levels close to those of 2007. We forecast that life density will rise to US$23 per capita this year.

In the changes to the regulations governing motor vehicle insurance have had a detrimental impact on the non-life sector. Data from the FSC show premiums for voluntary motor insurance (CASCO) were just BGN298mn in January-July 2010, a fall of 19% year-on-year (y-o-y). However, this was balanced by a rise in premiums for CMTPL insurance of 17% in the same period.

Report Table of Contents:

Executive Summary
- Table: Total Premiums, 2005-2015
- Key Insights And Key Risks
SWOT Analysis
- Bulgaria Insurance Industry SWOT
- Bulgaria Political SWOT
- Bulgaria Economic SWOT
- Bulgaria Business Environment SWOT
Life
- Central And Eastern Europe Life Sector Overview
- Table: Europe's Life Premiums, 2008-2015 (US$mn)
- Bulgaria Life Sector Update
- Table: Life Segment - Breakdown Of Premiums, January-July 2010
- Life Industry Forecast Scenario
- Table: Total Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Population
- Healthcare
- Healthcare Insurance
- Epidemiology
- Table: Insurance Key Drivers - Disease Adjusted Life Years (DALYs), 2008-2015
Non-Life
- Central And Eastern Europe Non-Life Sector Overview
- Table: Europe's Non-Life Premiums, 2008-2015 (US$mn)
- Bulgaria Non-Life Sector Update
- Table: Non Life Segment - Breakdown Of Premiums, January-July 2010
- Industry Forecast Scenario
- Table: Total Non-Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Bulgaria Economic Activity, 2006-2015
- Political Stability Outlook
- Table: Europe Security Risk Ratings
- Automotives
- Table: Key Insurance Drivers - Auto Sales, 2005-2015
Insurance Business Environment
- Table: Bulgaria's Insurance Risk/Reward Ratings
Competitive Landscape
- Competitive Landscape Analysis
- Major Players In Bulgaria's Insurance Sector
- Table: Non-Life- Ranking Of Companies By Premiums, January-July 2010
- Table: Life- Ranking Of Companies By Premiums, January-July 2010
Company Profiles
- Local Company Profiles
- Armeec
- Bul Ins
- Lev Ins
- Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- BNP Paribas Cardif
- ERGO
- Eureko
- Generali
- GRAWE
- Groupama
- HDI-Gerling/ Talanx
- ING
- KBC Group
- MetLife ALICO
- Prudential Financial
- QBE
- RSA
- UNIQA
- Vienna Insurance Group
- Zurich
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Finance, Research, Banking
Tags:premiums, insurance, non-life, cmtpl, stabilisation, contracted, fsc, motor, shows
Shortcut:prlog.org/11547254
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share