Page 30 - Turkinsurance Digital Magazine

30 country profile

Total premium production in 2019 and
Bulgaria insurance 2020 (in millions of USD)

1.655
Non life 1.651
Life
1.650

89%
1.645

1.640 1.638
11%
1.635

1.630
1

Source: Swiss Re

With a population of 6.9 million, the country's currency is the Leva,
Distribution of non-life premium and the inflation rate is 3.1%. Gross Domestic Products is seen as
production by branches USD68.49 billion, Real GDP (PPP) is seen as USD155.06 billion,
GDP thu capita is seen as USD22,400. According to the CIA The
World factbook data, the growth rate is 3.39%; the unemployment
22% rate is 5.66%.

“There are 30 domestic authorized non-life in-
18% surers and 15 domestic authorized life insurers
operating in the country”

There are 30 domestic authorized non-life insurers and 8 commu-
27% nity based non-life insurance undertakings operating in the country.
In the life branch, 15 domestic authorized and 3 community based
life insurance undertakings are operating. There is also 1 domestic
reinsurers.
33%
Bulgaria is not a saturated sunday in terms of the insurance sector,
but it has only 0.1% of the total premium production produced in
the world.
MTPL
Health “Non-life branches make up 89% of the total
Other property and casualty production, while the life branch has 1% of the
Motor own damage total premium production”

Source: Bulgarian Financial Supervision Commission (FSC) According to Swiss Re data, premium production in the total of life