Following the long-term world and European trends, the life insurance market in Bulgaria is developing quickly.

Not only do clients seem to be gaining more trust in insurance companies, but people’s needs for security and income protection tend to be constantly increasing. This is supported by the positive tendency in economic development and the forthcoming accession of Bulgaria to the EU.

Thus, the positive development of the business environment allows our potential individual and corporate clients to reconsider their dreams and ambitions and spend some portion of their earnings on the protection of their long-term standard of living and business prosperity.

Life insurance services can be seen as even more valuable when posed in the context of the existing state insurance mechanisms. By offering a unique combination of life coverage and savings opportunities, life insurance can be seen as a real alternative to fill the existing gaps in the social-insurance system.

Financial Sector, Turnover, millions BGN	Financial State of the Bulgarian Households, Income, millions BGN

Source: www.fsc.bg