Status and Trends in the Development of Macroeconomic Indicators”Insurance Penetration” and “Insurance Density” in Bulgaria (1997–2016)
Authors:
Milen
Mitkov
Academy of Economics “D. A. Tsenov”, Bulgaria
Pages:
34-
44
Abstract:
The main objective of the survey is to outline the state of the insurance market in Bulgaria before and after the accession of Bulgaria to the European Union. Emphasis is placed on the state and development of premium income, insurance penetration and insurance density. There are also theoretical insights about the insurance market. It was found that insurance companies in Bulgaria are financially stable and can fulfill their insurance obligations. The difference in the rate of growth of insurance density and insurance penetration increases with the rate of growth of premium income and gross domestic product.
Keywords:
premium income, insurance market, insurance penetration, insurance density.
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