Reinsurance in Bulgaria, Key Trends and Opportunities to 2017

Reinsurance in Bulgaria, Key Trends and Opportunities to 2017

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The Bulgarian reinsurance segment grew at a review-period CAGR of 2.8%. The gross written premium is expected to grow at a forecast-period CAGR of 2.6%. During the review period, the non-life segment ceded the highest percentage of premium in the industry with 17.7% of premium ceded in 2012.

Report Highlights
  • During the review period, the non-life segment ceded the highest percentage of premium in the industry - 17.7% premium ceded in 2012
  • The Bulgarian reinsurance segment grew at a review-period CAGR of 2.8%
  • The Bulgarian reinsurance segment is dominated by GP Reinsurance EAD (GP Re), which accounted for 98.3% of the segment in 2012
  • During the review period, treaty reinsurance's share of the segment fell from 56.1% in 2008 to 55.7% in 2012
Report Scope

This report provides a comprehensive analysis of the reinsurance segment in Bulgaria:
  • It provides historical values for Bulgaria's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
  • It offers a detailed analysis of the key sub-segments in Bulgaria's reinsurance segment, along with market forecasts until 2017.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Bulgaria and its growth prospects.
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    Reasons to Get this Report
    • Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian reinsurance segment and each sector within it
    • Understand the demand-side dynamics, key market trends and growth opportunities within the Bulgarian reinsurance segment
    • Identify the growth opportunities and market dynamics within key product categories
    • Gain insights into key regulations governing the Bulgarian insurance industry and its impact on companies and the market's future"


    Table of Contents

    1 Executive Summary
    2 Introduction
    2.1 What is this Report About?
    2.2 Definitions
    2.3 Methodology
    3 Bulgarian Insurance Industry Attractiveness
    3.1 Insurance Industry Size, 2008-2017
    4 Reinsurance Segment Outlook
    4.1 Reinsurance Segment Size, 2008-2017
    4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
    5 Key Industry Trends and Drivers
    5.1 Fundamental Business Drivers
    5.2 Life Insurance Segment Drivers
    5.3 Non-Life Insurance Segment Drivers
    5.4 Personal Accident and Health Insurance Segment Drivers
    6 Competitive Landscape and Strategic Insights
    6.1 Overview
    6.2 Leading Companies in the Bulgarian Reinsurance Segment
    6.3 GP Reinsurance EAD - Company Overview
    6.3.1 GP Reinsurance EAD - key facts
    6.3.2 GP Reinsurance EAD - key financials
    7 Business Environment and Country Risk
    7.1 Business Confidence
    7.1.1 Market capitalization trend - Bulgarian Stock Exchange - Sofia, Bulgaria
    7.2 Economic Performance
    7.2.1 GDP at constant prices (US$)
    7.2.2 GDP per capita at constant prices (US$)
    7.2.3 GDP at current prices (US$)
    7.2.4 GDP per capita at current prices (US$)
    7.2.5 GDP by key segments
    7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
    7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
    7.2.8 Manufacturing net output at current prices (US$)
    7.2.9 Manufacturing net output at current prices as a percentage of GDP
    7.2.10 Mining, manufacturing and utilities at current prices (US$)
    7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
    7.2.12 Construction net output at current prices, (US$)
    7.2.13 Construction net output at current prices as a percentage of GDP
    7.2.14 Inflation rate
    7.2.15 Exports as a percentage of GDP
    7.2.16 Imports as a percentage of GDP
    7.2.17 Merchandise exports growth
    7.2.18 Merchandise imports growth
    7.2.19 Annual average exchange rate BGN-US$
    7.3 Infrastructure
    7.3.1 Commercial vehicles exports - total value
    7.3.2 Commercial vehicles imports - total value
    7.3.3 Automotive exports - total value
    7.3.4 Automotive imports - total value
    7.3.5 Total internet subscribers
    7.4 Labor Force
    7.4.1 Labor force
    7.4.2 Unemployment rate
    7.5 Demographics
    7.5.1 Gross national disposable income (US$)
    7.5.2 Household consumption expenditure (US$)
    7.5.3 Total population
    7.5.4 Urban and rural populations
    7.5.5 Age distribution of the total population
    8 Appendix
    8.1 Methodology
    8.2 Contact Timetric
    8.3 About Timetric
    8.4 Timetric's Services
    8.5 Disclaimer

    List of Tables

    Table 1: Insurance Industry Definitions
    Table 2: Bulgarian Insurance - Overall Written Premium by Segment (BGN Billion), 2008-2012
    Table 3: Bulgarian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
    Table 4: Bulgarian Insurance - Overall Written Premium by Segment (BGN Billion), 2012-2017
    Table 5: Bulgarian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
    Table 6: Bulgarian Insurance - Segmentation (Percentage Share), 2008-2017
    Table 7: Reinsurance in Bulgaria by Category (BGN Million), 2008-2012
    Table 8: Reinsurance in Bulgaria by Category (US$ Million), 2008-2012
    Table 9: Reinsurance in Bulgaria by Category (BGN Million), 2012-2017
    Table 10: Reinsurance in Bulgaria by Category (US$ Million), 2012-2017
    Table 11: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008-2012
    Table 12: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
    Table 13: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2012-2017
    Table 14: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
    Table 15: Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
    Table 16: Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
    Table 17: Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
    Table 18: Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
    Table 19: Bulgarian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
    Table 20: Bulgarian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
    Table 21: Total Number of Insurance Companies in the Bulgarian Insurance Industry, 2008-2012
    Table 22: Shares of Key Insurers in the Bulgarian Reinsurance Segment (%), 2012
    Table 23: GP Reinsurance EAD, Key Facts
    Table 24: GP Reinsurance EAD, Key Financials (BGN Million), 2009-2012



    Companies Mentioned:

    GP Reinsurance EAD