|
VR in the media
|
THE INSURANCE MARKET IN BULGARIA, JUNE 2003
A national survey was conducted at the end of June
2003 to study and assess the insurance market and services in Bulgaria.
The survey was representative of the country's adult population.
The size of the two-stage cluster sample was N=1057 covering the
whole territory of the country. Information was collected by the
method of the face-to-face in-home interview.
The results of the survey indicate a moderate rate
of use of individual insurance services. One in four respondents
said they held some type of insurance policy as of the time of the
survey (Figure 1).
FIGURE 1. INSURANCE POLICY HELD AT THE PRESENT
TIME
Base N = 1057 (all respondents)
According to those surveyed, the most popular Civic
Liability insurance companies are the financial group DZI-Roximbank,
Bulstrad, and Allianz Bulgaria (Table 1). The same companies were
also among the preferred ones for the purchase of motor insurance
policies.
TABLE 1. MOST POPULAR INSURANCE COMPANIES FOR
BASIC TYPES OF MOTOR INSURANCES
|
Civic Liability |
Avtokasko |
Green card |
Accident |
Allianz Bulgaria |
14,2 |
8,0 |
- |
23,6 |
Orel-G Insurance Company |
12,2 |
7,5 |
- |
11,8 |
Financial group DZI-Roximbank |
20,1 |
12,4 |
- |
- |
Bulins |
1,5 |
5,6 |
- |
- |
Bulstrad |
16,7 |
9,8 |
100,0 |
20,9 |
Armeets Insurance Company |
1,5 |
2,8 |
- |
- |
Vitosha Insurance Company
|
9,7 |
6,8 |
- |
10,1 |
Jupiter Insurance Company |
2,5 |
- |
- |
- |
Bulgarski Imoti |
3,5 |
5,2 |
- |
21,9 |
Evroins |
0,9 |
- |
- |
- |
Evropa International Insurance Company |
1,0 |
- |
- |
- |
Doverie |
1,5 |
2,3 |
- |
- |
Hannover Insurance Company |
0,5 |
2,8 |
- |
- |
Levski Spartak Insurance Company |
0,5 |
- |
- |
- |
Other |
- |
2,4 |
- |
- |
DK/NA |
13,6 |
34,5 |
- |
11,8 |
Base |
221 |
41 |
1 |
10 |
A detailed analysis of the examined problem areas is
to be found in the full version of the Insurance Market in Bulgaria
report. The latter can be purchased from Vitosha Research Agency
and contains the following indicators:
- Size of the Insurance Market and Use of Insurance
Services.
- Objective information about premium revenues
for the first quarter of 2003.
- Use of insurance services by the population.
- Basic types of insurances.
- Rate of use of insurance services by insurance
types.
- Trust in insurance companies.
- Unprompted assessments concerning trust in
particular companies.
- Rate of trust.
- Potential insurance service consumers.
- Share of the respondents who intend to purchase
insurance policies in the future.
- Types of insurances.
|
|
|