2. Brief History of BUL INS Ltd. –
Leader in Automobile Insurance
General insurance company, established 31 August 1995
Licensed insurer from 16 July 1998
Equity capital, amounted to BGN 21 million
Positive financial result during the years, profit realized
Reinsurance protection guaranteed by contracts with approved reinsurers
iBBB+, ia-2 credit rating
Approved leading positions on Bulgarian insurance market
New modern organization for damages liquidation
Adopted new information system for control and optimization of the entire
insurance process, which has no analogue on Bulgarian insurance market
A proven upright and reliable partner with a modern conception for widening and
diversification of the insurance products
3. Management of the Company
Board of Directors:
Petrozar Petkov - Chairman of the Board of Directors
Executive Director
Stoyan Prodanov, Ph.D. – Member of the Board of Directors
Executive Director
Vanya Maltcheva – Member of the Board of Directors
Evgenia Tasova – Member of the board of Directors
4. Membership of BUL INS ltd.
Association of Bulgarian Insurers
National Bureau of Bulgarian Motor Insurers
International Institute for Clinical Research - ICR / Institute
Bulgarian National Insurance Nuclear Pool
for insurance of Kozloduy NPP EAD under General Third Party Liability
Covering Nuclear Damages Insurance
5. Corporate Social Responsibility
Initiatives of BUL INS ltd.
Charity events – support for orphans, sick and socially
disadvantaged children
Protection of cultural and historical heritage
Supporting sport events, Olympic sport federations, and
sportsmen
Ecology projects
6. Advantages of BUL INS insurance
Local expertise in motor insurance with great added value:
Technological advantages in the prevention of car thefts
Modern organization for liquidation of damages
Fast track of small claims payments
Reliable partner
Local expertise in property insurance with great added value:
Technological advantages in the prevention of home thefts
Advanced reinsurance program
Branches and offices in whole country
8. Products, Offered by BUL INS Ltd.
Land Vehicles, Excluding Railway Rolling Stock, Insurance –
Auto Casco
Obligatory Third Party Liability Insurance for Use and Possession
of Motor Vehicles
Miscellaneous Financial Losses Insurance
Property Damage Insurance
Goods in Transit Insurance – Cargo
Travel Assistance Insurance
Accident Insurance
General Third Party Liability Insurance
Fire and Natural Perils Insurance
Credit Insurance
Insurance of Vessels
Insurance of Aircraft
9. Branch Net of BUL INS Ltd.
The Head Office
Nine company’s branches in Sofia
Regional branches in all Bulgarian regional centres
More than 420 high qualified employees, organized in
departments and specialized directions
A wide net of more than 628 insurance agents and 286 licensed
insurance brokers, working on contracts with BUL INS Ltd.
Achieved good results and the raising amount of gross premium
income are due primary to the professional skills and to the
efforts made by the employees
11. Addresses
The Head Office
Sofia - 1407; 87 James Baucher Blvd.
Tel.: (02) 968 19 70, 968 19 71; fax: (02) 91 981 111
e-mail: headoffice@bulins.com
Sofia - 1000; 19 Lavele Str.
Tel.: (02) 935 98 88; 935 98 70;
fax: (02) 980 49 92;
e-mail: sofia@bulins.com
12. Year BGN
----------------------------------------
2006 16 million
2007 19 million
2008 19 million
2009 21 million
2010 21 million 0
5000000
10000000
15000000
20000000
25000000
2006 2007 2008 2009 2010
Company’s Equity Capital
during the Years
Graphic figure of the increase of company’s equity capital during the years
13. 2006 2007 2008 2009 2010
0
2 000 000
4 000 000
6 000 000
8 000 000
10 000 000
Financial Results of the Company during
the Years, Profit
Year BGN
thousand
----------------------------------------------
2006 3 397.0
2007 58.0
2008 9 864.0
2009 5 775.0
2010 3 485.0
Graphic figure of company`s profit during the years
14. BUL INS - Gross Premium Income
by Type of Insurance
2008 % 2009 % 2010 %
1. Land Vehicles, Excluding
Railway Rolling Stock, Insurance 126,685.5 81.73 95 087.3 72.68 81 340.0 59.9
2. Third Party Liability Insurance for Use and
Possession of Motor Vehicles 19,987.2 12.89 29 918.7 22.87 48 877.0 36.0
3 Property Damage Insurance 2,462.3 1.59 2 960.9 2.26 2 684.9 2.0
4. Miscellaneous Financial Losses Insurance 4,395.4 2.84 1 341.7 1.03 852.7 0.6
5. Accident Insurance 542.1 0,35 669.0 0.51 562.9 0.4
6. Insurance of Vessels - - 29.8 0.02 506.4 0.4
7. General Third Party Liability Insurance 254.8 0.16 261.3 0.20 413.1 0.3
8. Travel Assistance Insurance 330.4 0.21 334.1 0.26 321.0 0.2
9. Goods in Transit Insurance 294.5 0.19 179.2 0.14 132.8 0.1
10. Fire and Natural Perils Insurance 39.8 0.03 41.6 0.03 110.2 0.1
11. Credit Insurance 10.3 0.01 6.1 0.00 6.0 0.1
16. Conclusion
The company is ready to meet the challenges of European
insurance market and to continue to improve its activity in the
conditions of a strong competition
The successful development of BUL INS Ltd. insurance activity in
the years, the rightly oriented market policy, and the constant
efforts for raising the quality of insurance services give confidence
to prognosticate that the company will be one of the leading and
preferable insurers on the Bulgarian market in the coming years as
well
The client always will remain the main priority for BUL INS Ltd.
