The Association of Bulgarian Insurers (ABI)  was established in 1992.  ABI currently unites 28 companies, representing  91,4% of the Bulgarian insurance market and with assets amounting to 3,3 billion EUR for 2020. The ABI has a leading position in the creation of common policies for the development of the insurance sector, the protection of the industryrights and interests, imposing fair competition in the sector and coordinating among insurers on issues of common interest. During the years of its existence, ABI has become a rallyingpoint for the financial services market participants.

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INSURANCE MARKET

Insurance market: results as of December 2020

For the insurance market as a whole, the effect of the crisis provoked by COVID-19 is to limit the dynamic growth of previous years and keep it at levels close to those of 2019. FSC market data, including the latest - as of December 2020 - confirm the trend. At the end of the 4th quarter of 2020, the total premium income for the market amounted to BGN 2,885 million, as the decrease compared to 2019 was only -0.9%. The total amount of

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Insurance market: results as of October 2020

The non-life insurance market remains at levels close to those in 2019, according to FSC data. The amount of premium income as of October was BGN 2,027 million with a slight increase of + 0.4% on an annual basis. Compared to the results from August (+ 1.5%) and September (+ 1.7%), a slight downward trend is reported. The indemnities paid in the general insurance amount to BGN 833 million, by 4.1% less compared to the same period for 2019. The

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