Reinsurance in Bulgaria, Key Trends and Opportunities to 2017

Published: Mar, 2014 | Pages: 71 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Bulgarian reinsurance segment, including:
The Bulgarian reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment 
The Bulgarian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Bulgarian reinsurance segment  

Summary
The Bulgarian reinsurance segment grew at a review-period CAGR of 2.8%. The gross written premium is expected to grow at a forecast-period CAGR of 2.6%. During the review period, the non-life segment ceded the highest percentage of premium in the industry with 17.7% of premium ceded in 2012.  
Scope
This report provides a comprehensive analysis of the reinsurance segment in Bulgaria:
It provides historical values for Bulgaria's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Bulgaria's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Bulgaria and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Bulgarian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Bulgarian insurance industry and its impact on companies and the market's future 
Key Highlights
 During the review period, the non-life segment ceded the highest percentage of premium in the industry - 17.7% premium ceded in 2012
The Bulgarian reinsurance segment grew at a review-period CAGR of 2.8%
The Bulgarian reinsurance segment is dominated by GP Reinsurance EAD (GP Re), which accounted for 98.3% of the segment in 2012
During the review period, treaty reinsurance's share of the segment fell from 56.1% in 2008 to 55.7% in 2012

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Bulgarian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Segment Outlook
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Bulgarian Reinsurance Segment
6.3 GP Reinsurance EAD - Company Overview
6.3.1 GP Reinsurance EAD - key facts
6.3.2 GP Reinsurance EAD - key fincials
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Bulgarian Stock Exchange - Sofia, Bulgaria
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate BGN-US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports - total value
7.3.2 Commercial vehicles imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Gross tiol disposable income (US$)
7.5.2 Household consumption expenditure (US$)
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Bulgarian Insurance - Overall Written Premium by Segment (BGN Billion), 2008-2012
Table 3: Bulgarian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Bulgarian Insurance - Overall Written Premium by Segment (BGN Billion), 2012-2017
Table 5: Bulgarian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Bulgarian Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Reinsurance in Bulgaria by Category (BGN Million), 2008-2012
Table 8: Reinsurance in Bulgaria by Category (US$ Million), 2008-2012
Table 9: Reinsurance in Bulgaria by Category (BGN Million), 2012-2017
Table 10: Reinsurance in Bulgaria by Category (US$ Million), 2012-2017
Table 11: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2008-2012
Table 12: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 13: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (BGN Million), 2012-2017
Table 14: Bulgarian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 15: Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Bulgarian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 18: Bulgarian Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 19: Bulgarian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Bulgarian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Total Number of Insurance Companies in the Bulgarian Insurance Industry, 2008-2012
Table 22: Shares of Key Insurers in the Bulgarian Reinsurance Segment (%), 2012
Table 23: GP Reinsurance EAD, Key Facts
Table 24: GP Reinsurance EAD, Key Fincials (BGN Million), 2009-2012