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The Bulstrad companies of VIG Group BULSTRAD VIENNA INSURANCE GROUP and BULSTRAD LIFE VIENNA INSURANCE GROUP rank first on the insurance market in Bulgaria

According to data from the Financial Supervision Commission, the companies of Vienna Insurance Group are number 1 on the non-life and life insurance markets for the first half of 2017 and keep their leading positions also at the end of July 2017.

BULSTRAD VIENNA INSURANCE GROUP has achieved a 12.4% market share in non-life insurance towards the middle of 2017 and reports premium income of over BGN 127.6 million as of 31.07.2017. The company has succeeded in climbing to the top position thanks to its finely balanced portfolio in all lines of business, with only 20% share of the compulsory Motor third party liability insurance.

At the end of July the premium income of BULSTRAD LIFE VIENNA INSURANCE GROUP from life insurance business has reached BGN 59,4 million, representing a premium growth of 24.6% on an annual basis, with a market share of 21.6%. BULSTRAD LIFE also retains its first rank position in the health insurance segment, reporting premium income of BGN 16.6 million for the first seven months of 2017, which corresponds to a share of 27% of the entire health insurance market in Bulgaria.

At the end of the first seven months of 2017, the companies of Vienna Insurance Group report together a gross premium income of BGN 189.5 million, thus achieving over 12% total premium growth on an annual basis. At the end of July 2017 the Bulgarian companies of the Group hold 14.48% of the insurance sector in Bulgaria, which places VIENNA INSURANCE GROUP as a leader on the Bulgarian insurance market.

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Vienna Insurance Group (VIG) is the leading insurance specialist in Austria as well as in Central and Eastern Europe. About 50 companies in 25 countries form a Group with a long-standing tradition, strong brands and close customer relations. VIG looks back on 190 years of experience in the insurance business. With about 25,000 employees, Vienna Insurance Group is the clear market leader in its Austrian and CEE markets. It is therefore excellently positioned to take advantage of the long-term growth opportunities in a region with 180 million people. The listed Vienna Insurance Group is the best-rated company of ATX, the leading index of Vienna Stock Exchange; its share is also listed on the Prague Stock Exchange.


 
 
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