Bulgarian non-life insurers' net profit, GWP up in Jan-Nov '22

Non-life insurers' gross written premiums (GWP) grew to 2.64 billion levs in the review period from 2.4 billion levs a year earlier, the Financial Supervision Commission (FSC) said in a data release on Tuesday.

At the end of November, there were 23 non-life insurance companies active in Bulgaria.

With gross premiums of 398.2 million levs, Euroins continued to be the biggest player on the Bulgarian non-life insurance market. It was followed by Lev Ins with gross premiums of 363.04 million levs.

The two companies had market shares of 15.1% and 13.8%, respectively, at the end of November, rising from 12.9% and 12.8% a year earlier.

Total assets of the non-life insurers in Bulgaria rose to 5.59 billion levs at the end of November from 5.32 billion levs a year earlier, the data showed.

(1 euro = 1.95583 levs)