New market study, "Bulgaria Insurance Report Q3 2010", has been published

May 23, 2010 - PRLog -- Key Insights On Bulgaria's Insurance Sector Writing in April 2010 we have been able to ensure that the report includes actual data for 2008. We have generally been able to use data published in 2009 to adjust our estimates for the year as a whole. We estimate total premiums for 2009 of BGN1,718mn, which comprises non-life premiums of BGN1,491mn and life premiums of BGN228mn. In 2014 the corresponding figures should be BGN3,008mn, BGN2,324mn and BGN684mn.     In terms of the key drivers that underpin our forecasts, we expect non-life penetration to rise from 2.27% in 2009 to 2.70% in 2014, and for life density to rise from US$22 per capita to US$54. BMI 's Insurance Business Environment Rating for Bulgaria is 51.2 out of 100. We include a discussion in this report of developments within regional markets, on the basis of results published by major cross-border companies in relation to Q209 or Q309 and the latest informationThe small Bulgarian insurance market is crowded. Although some companies are committed because they see Bulgaria as an important part of a regional business strategy and/or because they hold dominant shares in at least one of the two major segments, we would not be surprised if there is rationalisation. The contraction in the life segment, from what was a low level of development, is disappointing.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/60421_bulgaria_insurance_repor...

Report Table of Contents:

Executive Summary
- Table: Overview Of Bulgaria's Insurance Sector
- Key Insights On Bulgaria's Insurance Sector
- Issues To Watch
SWOT Analysis
- Bulgaria Insurance Industry SWOT
- Bulgaria Political SWOT
- Bulgaria Economic SWOT
- Bulgaria Business Environment SWOT
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Central And Eastern Europe Overview
- Table: Gross Premiums Written In Selected Central And Eastern European Countries, 2008-2009
Projections And Forecasts
- Table: Insurance Premiums, 2006-2014
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2006-2014
Country Update
- Macroeconomic Outlook
- Table: Bulgaria - Economic Activity, 2005-2014
- Political Outlook
Insurance Business Environment Rating
- Table: Bulgaria - Insurance Business Environment Indicators
- Table: Central And Eastern Europe Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2008
- Table: Life Premiums In A Regional Context, 2008
- Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006
Major Players In Bulgaria's Insurance Sector
- Table: Principal Insurance Lines By Gross Written Premiums, January-August 2009 (BGNmn)
- Table: Non-Life Companies By Gross Written Premiums, January-August (BGNmn)
- Table: Life Companies By Gross Written Premiums, January-August 2009 (BGNmn)
Analysis Of Regional Competitive Conditions
Local Company Profiles
- Armeec
- Bul Ins
- Lev Ins AD Insurance Company
Regional Company Profiles
- AEGON
- ALICO
- Allianz
- Aviva
- AXA
- BNP Paribas/Cardif
- ERGO
- Eureko
- Generali
- GRAWE
- Groupama
- HDI-Gerling
- ING
- KBC Group
- MetLife
- Prudential Financial
- QBE
- RSA
- UNIQA
- Vienna Insurance Group
- Zurich
Country Snapshot: Bulgaria Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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