Bulgarian insurers' assets grow 3.7% y/y at end-Sept

On a quarterly comparison basis, the assets managed by Bulgarian insurers rose 1.9%, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report on Friday.

The assets of general insurance companies grew by 2.4% on the year to 5.62 billion levs at the end of September, while the assets managed by life insurance companies increased by an annual 7.4% to 2.13 billion levs.

The assets of general insurance companies made up 72.7% of the total, while the assets of life insurance companies formed 27.3%. Securities other than shares formed 47.2% of the insurance companies' assets at end-September, down from 48.2% a year earlier.

Shares accounted for 13.5% of insurers' total assets, while claims from insurance operations constituted 10.6%. 

(1 euro=1.95583 levs)