ASSESSING CAPITAL ADEQUACY OF INSURANCE COMPANIES IN BULGARIA AND THE IMPACT OF THE NEW INSURANCE CODE ON THE ACTIVITIES OF INSURANCE INTERMEDIARIES

Authors

Keywords
insurance, solvency, insurance intermediaries, professional liability insurance

Summary
This study presents the results of a survey conducted in 2016 of the assets and liabilities of insurance companies in Bulgaria. The main purpose of the study is to outline the state of the insurance market in the Republic of Bulgaria and the opportunities for improving the activities of insurance intermediaries under the new Insurance Code. It argues that the implementation of the new Insurance Code will increase the financial stability of insurers and will improve the activities of insurance intermediaries. The thesis is proved by solving the following major tasks:

- data showing the state of the insurance market in Bulgaria are classified and analyzed;

- the dynamics of development of the assets and liabilities of insurers is studied;

- the coverage of the solvency margin and guarantee capital of insurance companies in Bulgaria are outlined.

The findings are that insurance companies in Bulgaria are financially stable and able to fulfill their insurance obligations. As a result, the credibility of insurers is significantly increased and insurance awareness could be raised

JEL: G22
Pages: 28
Price: 3 Points

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