Insurance reported above 1.102 mlrd.lv. premium

Two weeks after it announced the results of the first seven months of 2009, the Financial Supervisory Commission and publish financial data. However, data are not encouraging for business. Insurance sector account recorded premiums of EUR 1 102 879 000 levs for January-August this year. The share of general insurance (including premiums of those insurers that operate in reinsurance) at the rate of 956, EUR 891 million and life insurance – 145, 988 million over the same period the previous year is recorded growth of 0.4% in general insurance and decline of (-17.0%) in life insurance or general insurance sector on account of decline (-2.3%). Data separately for reinsurance is available and published on a quarterly basis.
The largest share of the aggregate portfolio of companies operating in general insurance, continue to hold motor insurance „CASCO“ (43.0 percent) and civil liability related to the possession and use of motor vehicles (26.4%) or 69.4% of total premium income realized in the sector. The next volume comes the property insurance against fire and natural disasters and other property damage ‘premium income, which amounted to BGN 181 381 thousand, or 19.0 percent of total premium income.
Insurance against civil liability related to the possession and use of motor vehicles and fire and natural disasters „have the greatest contribution to the increase in premium income for life insurance sector, whose annual premiums rose by 40 672 thousand and a 17 712 thousand BGN
In general insurance called Six remained unchanged from July.
Bulstrad Vienna Insurance Group recorded 148.919 million, earmarked to them 15.56 percent market share. Second are „DZI – General Insurance with 134.042 million and 14.01 percent share.
The figures in the third – „Lev Ins“ show 106.854 million, respectively premiums, which are equal to 11.17% from the market in general insurance.
Fourth in the standings is Allianz Bulgaria. Company gererira 98.115 million or 10.25% of the market. Heels – Armeec, reported a market share of 10.18 per cent to 97.387 million recorded
The last – sixth honorary place is for „Bul Ins. The company generated 76.175 million premiums and holds 7.96 percent of the market.

In life the biggest share in premium income at the end of August 2009 continues to be the life insurance and annuity. Revenues generated by such insurance amounted to 108 825 thousand and formed 74.5% of premium income generated in the sector. Life insurance related investment fund accounts for 4.8% of the portfolio in aggregate zhivotozastrahovatelite as premium income on such insurance amounted to 6 948 thousand BGN
Growth in premium income on an annual basis to monitor the „Additional insurance – by 8.4%, permanent health insurance – by 5.5% and marriage and child insurance – by 5.1%.
In the personal rating of all companies is easy. No shifts in the peaks.
Award winners Allianz Bulgaria Life holds 20.98% of the sector, account for 30.624 million osemmesechieto premiums. Second are DZI with 23.458 million premiums and 16.07 percent market share. Third in the list include „Unica life. They reported 15.956 million premiums, which represents 10.93 percent of zhivotozastrahovatelnviya market. With premiums written amounted to 14.654 million „Aliko Bulgaria ZHZD“ hold and occupy the fourth place 10.04 percent market share. Fifth in the standings Bulstrad Life Vienna Insurance Group „have 14.301 million premium income and 9.80 percent market share.

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Finance