Bulgarian non-life insurers grow Jan-Aug GWP backed by motor insurance

The rise was mostly driven by motor vehicle liability insurance premiums, which grew to 755.4 million levs in the January-August period of 2019 from 616.6 million levs in the comparable period of 2018, financial regulator data, published on Friday, showed.

Motor insurance premiums formed 74.3% of the total gross premiums in the review period, followed by fire, natural forces and property insurance with 11.5% of the total, and accident and sickness with 4.7%.

Lev Ins was the biggest player on the non-life insurance market with gross premiums of 225.3 million levs in the first eight months of the year, equal to a market share of 14.0%.

Bulstrad Vienna Insurance Group and DZI - General Insurance followed with market shares of 12.0% and 10.7% in the review period.

Euroins and Armeec wrapped up the top five, with market shares of 9.7% and 9.4%, respectively.

(1 euro = 1.95583 levs)