Timetrics 'Reinsurance in Bulgaria, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Bulgarian reinsurance segment.
It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2012-2016) and forecast period (2016-2021).
The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Bulgarian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Bulgarian insurance industry.
The report brings together Timetrics research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
This report provides a comprehensive analysis of the reinsurance segment in Bulgaria:
It provides historical values for the Bulgarian reinsurance segment for the reports 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
It offers a detailed analysis of the key categories in the Bulgarian reinsurance segment, and market forecasts to 2021.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Bulgaria, and the reinsurance segment's growth prospects.
It analyzes various natural hazards and their impact on the Bulgaria insurance industry
Timetrics 'Reinsurance in Bulgaria, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Bulgarian reinsurance segment, including:
An outlook of the Bulgarian reinsurance segment
A comprehensive overview of the Bulgarian economy and demographics
Detailed analysis of natural hazards and their impact on the Bulgarian insurance industry
The competitive landscape in the Bulgarian reinsurance segment
Make strategic business decisions using in-depth historic and forecast market data related to the Bulgarian reinsurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Bulgarian reinsurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Bulgarian insurance industry, and their impact on companies and the industry's future.
On January 13, 2017, US and European Union (EU) negotiators agreed insurance and reinsurance regulations regarding domestic insurers operating in other markets.
In February 2016, the Insurance Distributive Directive (IDD) replaced the Insurance Mediation Directive (IMD). It regulates all EU insurance brokers, agents and other intermediaries. All EU member states, including Bulgaria, are required to adopt the changes before March 23, 2018.
Solvency II came into effect on January 1, 2016, and is expected to have a considerable effect on the Bulgarian reinsurance segment. It is a reform of risk-management and capital-adequacy requirements to ensure a more accurate allocation of capital to risk. However, this may pose a challenge in terms of an increase in capital pressure on insurers operating in Bulgaria, which as a result may seek financial assistance from reinsurers.
On April 1, 2015, the European Insurance and Occupational Pensions Authority (EIOPA) issued guidelines on the application of outwards reinsurance arrangements to the non-life catastrophe risk sub-module.