Bulgarian Insurance Industry is Regulated by the Financial Supervision Commission

Date: 2015-10-13

“• The Bulgarian insurance industry is regulated by the Financial Supervision Commission.

• 100% FDI is permitted in the Bulgarian insurance industry.

• Placement of non-admitted insurance or reinsurance contracts is not permitted in Bulgaria, except for non-admitted insurance and reinsurance contracts issued by insurance companies from other EU or EEA member states. 

• Key classes of compulsory insurance include motor third-party liability insurance and personal accident insurance for passengers in public transport. 

• Composite insurance is not permitted in Bulgaria.”

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