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Reinsurance in Bulgaria, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Oct 2017

Category :

Insurance

No. of Pages : 36 Pages

Synopsis
Timetrics '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 (20122016) and forecast period (20162021).

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 Timetrics 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
Timetrics '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 reports 20122016 review period, and projected figures for the 20162021 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.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 REINSURANCE OUTLOOK
4.1 Reinsurance Segment Size
4.1.1 Reinsurance premium accepted
4.2 Reinsurance by Premium Ceded
5 NATURAL AND MAN-MADE HAZARDS
5.1 Flooding
5.2 Storms
5.3 Earthquakes
5.4 Man-Made Hazards
5.5 Exposure
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GP Reinsurance EAD company overview
7 DEFINITION AND METHODOLOGY
7.1 Definitions
7.2 Methodology
8 ABOUT TIMETRIC
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetrics Services
8.4 Disclaimer

List of Tables
Table 1: Bulgarian Reinsurance Key Facts, 2016
Table 2: Bulgarian Government Credit Ratings
Table 3: Bulgarian Reinsurance Premium Accepted (BGN Billion and US$ Billion), 20122016
Table 4: Bulgarian Reinsurance Premium Accepted (BGN Billion and US$ Billion), 20162021
Table 5: Bulgarian Reinsurance Premium Ceded by Segment (BGN Million), 20122016
Table 6: Bulgarian Reinsurance Premium Ceded by Segment (BGN Million), 20162021
Table 7: Bulgarian Life Insurance Percentage of Reinsurance Ceded (%), 20122016
Table 8: Bulgarian Life Insurance Percentage of Reinsurance Ceded (%), 20162021
Table 9: Bulgarian Non-Life Insurance Percentage of Reinsurance Ceded (%), 20122016
Table 10: Bulgarian Non-Life Insurance Percentage of Reinsurance Ceded (%), 20162021
Table 11: Bulgarian Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20122016
Table 12: Bulgarian Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20162021
Table 13: Bulgaria Average Annual Loss by Hazard, 19902014
Table 14: GP Reinsurance EAD Key Facts
Table 15: GP Reinsurance EAD Key Financials (BGN Million), 20122016
Table 16: Insurance Industry Definitions

List of Figures
Figure 1: Bulgarian Real GDP (US$ Billion), 20122021
Figure 2: Bulgarian Current Account Balance as Percentage of GDP (%), 20122021
Figure 3: Bulgarian Consumer Price Inflation (%), 20122021
Figure 4: Bulgarian Unemployment Rate, 20122021
Figure 5: Bulgarian BGNUS$ Exchange Rate, 20122021
Figure 6: Bulgarian Population by Age Group, 19902025
Figure 7: Bulgarian Reinsurance Premium Accepted (BGN Billion), 20122021
Figure 8: Bulgarian Reinsurance Premium Ceded by Segment (BGN Billion), 20122021
Figure 9: Bulgarian Reinsurance Premium Ceded Dynamics by Segment, 20122021
Figure 10: Bulgarian Life Insurance Percentage of Reinsurance Ceded (%), 20122021
Figure 11: Bulgarian Non-Life Insurance Percentage of Reinsurance Ceded (%), 20122021
Figure 12: Bulgarian Personal Accident and Health Insurance Percentage of Reinsurance Ceded (%), 20122021
Figure 13: Bulgaria Frequency of Hazards by Type, 19902014
Figure 14: Bulgarian Mortality by Hazards Type, 19902015
Figure 15: Bulgarian Economic Loss by Hazards Type, 19902015

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