Market Guide: Life Insurance and Pensions in Bulgaria 2006

Content

• Overview
• Catalyst
• Summary
• Executive Summary
  • Following Compound Annual Growth Of 9.9% In The Last Five Years, Between 2006 And 2010, Growth In The Bulgarian Life And Pensions Market Is Set To Increase To 23.3%
  • The Bulgarian Life And Pensions Market Expanded By A Compound Annual Rate Of 9.9% Between 2002 And 2006
  • Life Insurance Will Continue To Dominate The Market
  • The Bulgarian Market Will Be Shaped By Its 2007 Accession To The Eu
  • The Market Is Led By Foreign Subsidiaries
  • 4 Out Of 5 Life Insurance Market Leaders In Bulgaria Are Subsidiaries Of Foreign Companies
• Market Overview
  • The Bulgarian Life And Pensions Market Expanded By A Compound Annual Rate Of 9.9% Between 2002 And 2006
  • The Bulgarian Life And Pensions Market Experienced Compound Annual Growth Of 9.9% Between 2002 And 2006
  • After A Sharp Fall In 2003, The Proportion Of Premium Income From Non-Unit-Linked Policies Has Been Increasing Steadily
• Market Forecasts
  • Although Pensions Looks Set To Grow Marginally Faster In The Next 5 Years, Life Insurance Will Continue To Dominate The Market
  • Over The Next 5 Years, Premium Income Is Set To Grow At A Compound Annual Rate Of 23.3%
• Market Regulation
  • The Bulgarian Market Will Be Shaped By Its 2007 Accession To The Eu
  • The Bulgarian National Bank Has Little Impact On The Life Insurance And Pensions Sector
  • The National Social Security Institute Has Ultimate Control Over Bulgarian Pensions Regulation
  • The Financial Supervision Commission Supervises All Non-Banking Financial Institutions In Bulgaria
  • Bulgaria Is Shaping Its Policies Towards The Eu Standard
  • Bulgaria Is Attempting To Standardize Its Pensions System But It Retains Differences To Other Countries
  • Bulgaria Is Adopting Eu Pensions Directives Where Possible
  • Bulgaria Recently Developed A New Social Insurance Code
  • Recent Amendments To The Social Insurance Code Have Been Made To Align Bulgaria's Insurance Market With The Eu
  • Bulgaria Has Joined The European Insurance Federation
  • Proposed Anti-Money Laundering Legislation Is Being Considered In The Bulgarian Assembly
  • Bulgaria Plans To Fully Adopt All Eu Legislation By December 2007
• Competitive Market Structure
  • The Market Is Led By Foreign Subsidiaries
  • The Total Bulgarian Insurance Market Is Dominated By Foreign Providers
  • The Top 5 Life And Pensions Insurers Control Over Three-Quarters Of The Market By Gross Premium Income
• Market Leaders
  • 4 Out Of 5 Life Insurance Market Leaders In Bulgaria Are Subsidiaries Of Foreign Companies
  • Dzi Is The Life Insurance Market Leader Based On 2006 Premium Income
  • Allianz Is A Close Competitor Of Dzi
  • Generali Bulgaria Is The Third Largest Life Insurance Player In Bulgaria
  • Aig Life Bulgaria Ranks Fourth Among Life Insurance Companies
  • Uniqa Life Bulgaria Rounds Out The Top 5 Life Insurers
• Appendix
  • Definitions
  • Capital Redemption Policy / Bond
  • Composite Insurer
  • Defined Contribution Pension Scheme
  • Defined Benefits Pension Scheme
  • Group Policy
  • Individual Pension Scheme
  • Individual Policy
  • Life Assurance
  • Occupational Pension Scheme
  • Pension Insurance Policy
  • Premium Income
  • Regular Premium
  • Single Premium
  • Technical Provisions
  • Traditional Insurance
  • Unit-Linked Insurance
  • Further Reading
  • Interactive Databases
  • Reports And Briefs
  • Ask The Analyst
  • Datamonitor Consulting
  • Disclaimer
• List Of Tables
  • Table 1: Life And Pensions Insurance Premium Income, Segmented By Product, Eurm, 2002-2006
  • Table 2: Life And Pensions Insurance Premium Income, Segmented By Product, In Percentages, 2002-2006
  • Table 3: Life And Pensions Insurance Premium Income, Segmented By Investment Risk, Eurm, 2001-2005
  • Table 4: Life And Pensions Insurance Premium Income, Segmented By Investment Risk, In Percentages
  • Table 5: Life And Pensions Insurance Premium Income, Segmented By Product, Eurm, 2006-2010
  • Table 6: Life And Pensions Insurance Premium Income, Segmented By Product, In Percentages, 2006-2010
  • Table 7: Number Of Life Insurance Providers Segmented By Type, As At Dec 2005
  • Table 8: Top 5 Life And Pensions Insurers By Premium Income, As At Dec 2005
• List Of Figures
  • Figure 1: Life Premiums Accounted For Almost 90% Of Total Premium Income In 2006
  • Figure 2: In The Last 5 Years, Growth In Premium Income From Unit-Linked Insurance Has Been Quadruple That Of Non-Unit Linked Growth
  • Figure 3: Life Premiums Will Continue To Account For Around 90% Of Premium Income Up Till 2010
  • Figure 4: Foreign Subsidiaries Accounted For Two Thirds Of The Market In 2005
  • Figure 5: Dzi Leads The Bulgarian Life And Pensions Market