In its 25-years history, the Association has reputable traditions and is a loyal partner of Bulgarian and international institutions, bodies and organisations in the field of insurance and insurance supervision.
6 permanent professional committees are createdwithin the Association –on life insurance, motor insurance, property insurance, medical insurance, financial accounting and legal committee, which combine the interest of the insurance companies and present their shared opinions on general problems. The committee membersare experts from the market-based companies with a wealth of professional experience in the field.
Over time, the ABI has gained position as the main coordination point between the insurance business, the legislative and executive authorities, and the regulator.Our association has established a long-standing cooperation with the Financial Supervision Commission. Our joint workis in the implementation of the European legislation rules in the insurance field. At the same time, the high expertise of our members is required and highly appreciated witha continuous participation in the law-making process at all levels.
ABI has a fruitful collaboration with all other industry organisations in the financial sector.
As a representative union for the Bulgarian insurance business, the ABI is a member of the European /re/insurance federation Insurance Europe. Our Association is a regular participant in the forums organised by the European federation and actively cooperates with it in the development of common positions and the exchange of information. Through the membership in Insurance Europe and the maintaining of professional contacts with similar institutions, ABIcould grant its members with actual information about the new developments in the field, as well astheopportunity for exchange of experience and competencies.
The dynamics of the financial sector, the need for reforms and constant adaptation define the high grade education as a conscious and crucial priority in the activity of the ABI. We are convinced that the good education and highly qualified staff are the prominent factor in the development of the insurance sector in Bulgaria. That's why our Association has a long-standing partnership and traditions in the organisation of joint initiatives with the higher education institutions in the country, especially with the University of finance, business and entrepreneurship, the Svishtov Academy of Economics and the University of National and World Economy.