Generali Bulgaria is one of the biggest foreign insurers operating in the market.
€ 93.5 mln
With more than 421 employees in Bulgaria (including Generali Insurance AD, Generali Zakrila Medical and Dental Centre and GP Reinsurance) and the 6.8% P&C market share Generali Bulgaria is one of the major international insurers in Bulgaria. Its operations include Generali Insurance AD (P&C insurance) and Generali Zakrila Medical and Dental Centre – an outpatient medical facility.
The company has 135 offices and client desks throughout the country. For better service of the liquidation process and convenience for the clients, the company has 16 specialized claims centers in the bigger cities of the country. The insurance products of Generali Bulgaria are offered by 565 agents, four intermediaries offering insurance products as an additional activity and 278 brokers. In 2021, Generali Bulgaria is taking 8th position on the insurance market with gross written premium €93.5 million.
GP Reinsurance EAD is a captive reinsurer based in Sofia, fully owned by Generali CEE Holding B.V. It provides P&C reinsurance solutions within the Group.
The activity of GP Reinsurance EAD in 2021 continues to be managed in compliance with the strategic plan for development and goals, for which it was granted a license by the Financial Supervision Commission for performing reinsurance activities. The Company provides reinsurance services to companies from all countries of Generali CEE Holding. GP Reinsurance recorded gross written premium in P&C and life combined of €1,011 million and profit after tax amounted to €190 million in 2021.