Research and Markets: Life Insurance in Bulgaria - Key Trends and Opportunities to 2017

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/n2tjjj/life_insurance_in) has announced the addition of the "Life Insurance in Bulgaria, Key Trends and Opportunities to 2017" report to their offering.

The life segment is the second-largest in the Bulgarian insurance industry, accounting for 15.2% of its gross written premium in 2012. Life insurance penetration decreased from 0.4% in 2008 to 0.3% in 2012 and is expected to remain at 0.3% in 2017. The gross written premium registered by the segment is expected to increase at a CAGR of 3.0%.

Scope

  • The Bulgarian life insurance segment's growth prospects by life insurance categories
  • Key trends and drivers for the life insurance segment
  • The various distribution channels in the Bulgarian life insurance segment
  • The detailed competitive landscape in the life insurance segment in Bulgaria
  • Detailed regulatory framework of the Bulgarian insurance industry
  • A description of the life reinsurance segment in Bulgaria
  • Porter's Five Forces analysis of the life insurance segment

Key Highlights

  • The life segment is the second-largest in the Bulgarian insurance industry, accounting for 15.2% of its gross written premium in 2012.
  • The tax rate is expected to make bank deposits less popular among Bulgarians and make some of them divert a proportion of their savings to life insurance products.
  • Bulgarian life insurers are heavily dependent upon agencies, which accounted for 47% of the total new business gross written premium collected in 2012.
  • The Bulgarian life insurance segment is concentrated, with the five leading life insurers together accounting for 67.4% of the segment's written premiums in 2012.
  • As of 2012, 16 companies had licenses to conduct life insurance business.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Bulgarian Insurance Industry Attractiveness

4 Life Insurance Outlook

5 Analysis by Distribution Channel

6 Porter's Five Forces Analysis - Bulgarian Life Insurance

7 Reinsurance Segment Outlook

8 Governance, Risk and Compliance

9 Competitive Landscape and Strategic Insights

10 Business Environment and Country Risk

11 Appendix

Companies Mentioned

  • Allianz Bulgaria Life Insurance Company Ltd.
  • Bulstrad Life Vienna Insurance Group
  • DZI Insurance
  • Uniqa Life
  • UBB-Alico Life Insurance Company
  • Grawe Bulgaria Life Insurance
  • Alico Bulgaria Life Insurance Company
  • Groupama Zhivotozastrahovane EAD
  • Syvzk
  • Generali Life Insurance AD

For more information visit http://www.researchandmarkets.com/research/n2tjjj/life_insurance_in

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Life Insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Life Insurance