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Bulgaria: Major Decrease of Insurance Business
The insurance industry saw a strong decrease of business of 13 percent in only four years.
Bulgaria: Major Decrease of Insurance Business / Picture: © Vindobona.org
According to data by the Financial Supervision Commission, the insurance industry saw a major drop in business. From 2008 to 2012 business declined by 13 percent and came at BGN 1.34bn.
Property insurance in 2008 and this year, however, with revenues of BGN 260m, did not see a decline while the sector of insurance for vehicles even saw an increase of 36 percent in revenues,…
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