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Reinsurance in Bulgaria, Key Trends and Opportunities to 2021

Reinsurance in Bulgaria, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Reinsurance in Bulgaria, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Bulgarian reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2012–2016) and forecast period (2016–2021).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Bulgarian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Bulgarian insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in Bulgaria, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Bulgarian reinsurance segment, including:

  • An outlook of the Bulgarian reinsurance segment
  • A comprehensive overview of the Bulgarian economy and demographics
  • Detailed analysis of natural hazards and their impact on the Bulgarian insurance industry
  • The competitive landscape in the Bulgarian reinsurance segment
Scope

This report provides a comprehensive analysis of the reinsurance segment in Bulgaria:
  • It provides historical values for the Bulgarian reinsurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key categories in the Bulgarian reinsurance segment, and market forecasts to 2021.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Bulgaria, and the reinsurance segment's growth prospects.
  • It analyzes various natural hazards and their impact on the Bulgaria insurance industry
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Bulgarian reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Bulgarian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • On January 13, 2017, US and European Union (EU) negotiators agreed insurance and reinsurance regulations regarding domestic insurers operating in other markets.
  • In February 2016, the Insurance Distributive Directive (IDD) replaced the Insurance Mediation Directive (IMD). It regulates all EU insurance brokers, agents and other intermediaries. All EU member states, including Bulgaria, are required to adopt the changes before March 23, 2018.
  • Solvency II came into effect on January 1, 2016, and is expected to have a considerable effect on the Bulgarian reinsurance segment. It is a reform of risk-management and capital-adequacy requirements to ensure a more accurate allocation of capital to risk. However, this may pose a challenge in terms of an increase in capital pressure on insurers operating in Bulgaria, which as a result may seek financial assistance from reinsurers.
  • On April 1, 2015, the European Insurance and Occupational Pensions Authority (EIOPA) issued guidelines on the application of outwards reinsurance arrangements to the non-life catastrophe risk sub-module.


  • Key Facts and Highlights
    • Table Bulgarian Reinsurance - Key Facts, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Bulgarian Government Credit Ratings
  • Reinsurance Outlook
    • Reinsurance Segment Size
      • Reinsurance premium accepted
        • Table Bulgarian Reinsurance - Premium Accepted (BGN Billion and US$ Billion), 2012-2016
        • Table Bulgarian Reinsurance - Premium Accepted (BGN Billion and US$ Billion), 2016-2021
    • Reinsurance by Premium Ceded
      • Table Bulgarian Reinsurance - Premium Ceded by Segment (BGN Million), 2012-2016
      • Table Bulgarian Reinsurance - Premium Ceded by Segment (BGN Million), 2016-2021
      • Table Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
      • Table Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
      • Table Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
      • Table Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
      • Table Bulgarian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
      • Table Bulgarian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
  • Natural and Man-Made Hazards
    • Table Bulgaria Average Annual Loss by Hazard, 1990-2014
    • Flooding
    • Storms
    • Earthquakes
    • Man-Made Hazards
    • Exposure
  • Competitive Landscape
    • Company Profiles
      • GP Reinsurance EAD - company overview
        • Table GP Reinsurance EAD - Key Facts
        • Table GP Reinsurance EAD - Key Financials (BGN Million), 2012-2016
  • Definition and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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