CURRENT STATE OF THE BULGARIA’S INSURANCE SYSTEM

 As of the end of 2022, Bulgaria’s insurance market remains stable and achieves steady growth, despite economic difficulties and high inflation, security and energy supply problems, and martial law in Ukraine. Bulgaria’s insurance system makes a significant contribution to the country’s economic and social development. Insurers not only provide financial security and peace of mind for households and businesses, they are also a vital source of long-term capital, ensuring stability for financial markets and the economy as a whole. Insurance-related activities have a distinct economic impact on the incomes of employees and the activities of related industries and services.