Research and Markets: Bulgaria Insurance Report Q4 2009 - 2009 Was in Many Ways a Challenging but Far from Disastrous Period

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

Copyright Business Wire 2009