|
|
|
Research and Markets: Bulgaria Insurance Report Q4 2009 - 2009 Was in Many Ways a Challenging but Far from Disastrous Period
|
 |
|
|
|
| Copyright: | Business Wire | | Source: | Business Wire | | Wordcount: | |
DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/a1b92d/bulgaria_insurance) has announced the addition of the "Bulgaria Insurance Report Q4 2009" report to their offering.
This Bulgaria Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bulgaria's insurance industry
This report was written in early August 2009. Relative to the Q309 report, the main changes have been a review of the company profiles - both local and multinational. The publisher has also included a large quantity of new data. In virtually all cases the regulator or the trade association have published final premium figures for 2008, which was not necessarily the case in May, when the publisher prepared the Q309 reports. In many instances, they have revised their projections of non-life penetration and life density. This is because it has become clear that the linear progressions that they had been expecting for most countries are not an accurate reflection of what has been happening in recent months. As a consequence, the publisher has much greater confidence in their forecasts of premium income for 2009.
Early 2009 was in many ways a challenging but far from disastrous period for the major protagonists in most insurance markets. Notwithstanding the fact that particular non-life markets suffered as a result of a slump in the number of cars registered, and correspondingly lower demand for compulsory third party motor (CTPM) insurance and voluntary motor insurance, global non-life premiums generally held up well in spite of the global economic downturn. In contrast, life premiums were, in most markets, lower in Q109 than they had been in Q108. This was largely the result of the past volatility in global equity markets, although there were also other problems. Conditions remain fair in the global reinsurance market.
In terms of the major regions whose insurance markets are covered by BMI's reports, Latin America and the Middle East and North Africa (MENA) stood out in terms of growth in premiums (in non-life insurance in particular, but also in life insurance). Conditions were far more mixed in Central and Eastern (CEE) Europe (particularly in non-life insurance, where the downturn in car registrations hit hard) and Asia Pacific, where various factors caused slippage in life premiums in many markets.
Key Topics Covered:
- Executive Summary
- The Sector At A Glance
- SWOT Analysis
- Global Overview
- Country Update
- Local Company Profiles
- Country Snapshot: Bulgaria Demographic Data
- Methodology
Companies Mentioned:
- Armeec
- Bul Ins
- Lev Ins AD Insurance Company
- AIG
- Allianz
- BNP Paribas/Cardif
- Eureko
- Generali
- GRAWE
- ING
- KBC Group
- QBE
- UNIQA
- Vienna Insurance Group
For more information visit http://www.researchandmarkets.com/research/a1b92d/bulgaria_insurance
Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Source: Research and Markets
This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.
|
|
|
|
|
|
|
