PresentationPresentation
Brief History of BUL INS Ltd. –Leader in Automobile Insurance General insurance company, established 31 August 1995 Lice...
Management of the CompanyBoard of Directors:Petrozar Petkov - Chairman of the Board of DirectorsExecutive DirectorStoyan P...
Membership of BUL INS ltd. Association of Bulgarian Insurers National Bureau of Bulgarian Motor Insurers International ...
Corporate Social ResponsibilityInitiatives of BUL INS ltd. Charity events – support for orphans, sick and sociallydisadva...
Advantages of BUL INS insuranceLocal expertise in motor insurance with great added value: Technological advantages in the...
Products
Products, Offered by BUL INS Ltd. Land Vehicles, Excluding Railway Rolling Stock, Insurance –Auto Casco Obligatory Third...
Branch Net of BUL INS Ltd. The Head Office Nine company’s branches in Sofia Regional branches in all Bulgarian regional...
Branch Net of BUL INS Ltd
AddressesThe Head OfficeSofia - 1407; 87 James Baucher Blvd.Tel.: (02) 968 19 70, 968 19 71; fax: (02) 91 981 111e-mail: h...
Year BGN----------------------------------------2006 16 million2007 19 million2008 19 million2009 21 million2010 21 millio...
2006 2007 2008 2009 201002 000 0004 000 0006 000 0008 000 00010 000 000Financial Results of the Company duringthe Years, P...
BUL INS - Gross Premium Incomeby Type of Insurance2008 % 2009 % 2010 %1. Land Vehicles, ExcludingRailway Rolling Stock, In...
0500001000001500002000002006 2007 2008 2009 2010Gross Premium Income Reserve Claims PaidBUL INS Ltd. - the Preferable Insu...
Conclusion The company is ready to meet the challenges of Europeaninsurance market and to continue to improve its activit...
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BUL INS

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BUL INS

  1. 1. PresentationPresentation
  2. 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 entireinsurance process, which has no analogue on Bulgarian insurance market A proven upright and reliable partner with a modern conception for widening anddiversification of the insurance products
  3. 3. Management of the CompanyBoard of Directors:Petrozar Petkov - Chairman of the Board of DirectorsExecutive DirectorStoyan Prodanov, Ph.D. – Member of the Board of DirectorsExecutive DirectorVanya Maltcheva – Member of the Board of DirectorsEvgenia Tasova – Member of the board of Directors
  4. 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 Poolfor insurance of Kozloduy NPP EAD under General Third Party LiabilityCovering Nuclear Damages Insurance
  5. 5. Corporate Social ResponsibilityInitiatives of BUL INS ltd. Charity events – support for orphans, sick and sociallydisadvantaged children Protection of cultural and historical heritage Supporting sport events, Olympic sport federations, andsportsmen Ecology projects
  6. 6. Advantages of BUL INS insuranceLocal 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 partnerLocal 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
  7. 7. Products
  8. 8. Products, Offered by BUL INS Ltd. Land Vehicles, Excluding Railway Rolling Stock, Insurance –Auto Casco Obligatory Third Party Liability Insurance for Use and Possessionof 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. 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 indepartments and specialized directions A wide net of more than 628 insurance agents and 286 licensedinsurance brokers, working on contracts with BUL INS Ltd.Achieved good results and the raising amount of gross premiumincome are due primary to the professional skills and to theefforts made by the employees
  10. 10. Branch Net of BUL INS Ltd
  11. 11. AddressesThe Head OfficeSofia - 1407; 87 James Baucher Blvd.Tel.: (02) 968 19 70, 968 19 71; fax: (02) 91 981 111e-mail: headoffice@bulins.comSofia - 1000; 19 Lavele Str.Tel.: (02) 935 98 88; 935 98 70;fax: (02) 980 49 92;e-mail: sofia@bulins.com
  12. 12. Year BGN----------------------------------------2006 16 million2007 19 million2008 19 million2009 21 million2010 21 million 05000000100000001500000020000000250000002006 2007 2008 2009 2010Company’s Equity Capitalduring the YearsGraphic figure of the increase of company’s equity capital during the years
  13. 13. 2006 2007 2008 2009 201002 000 0004 000 0006 000 0008 000 00010 000 000Financial Results of the Company duringthe Years, ProfitYear BGNthousand----------------------------------------------2006 3 397.02007 58.02008 9 864.02009 5 775.02010 3 485.0Graphic figure of company`s profit during the years
  14. 14. BUL INS - Gross Premium Incomeby Type of Insurance2008 % 2009 % 2010 %1. Land Vehicles, ExcludingRailway Rolling Stock, Insurance 126,685.5 81.73 95 087.3 72.68 81 340.0 59.92. Third Party Liability Insurance for Use andPossession of Motor Vehicles 19,987.2 12.89 29 918.7 22.87 48 877.0 36.03 Property Damage Insurance 2,462.3 1.59 2 960.9 2.26 2 684.9 2.04. Miscellaneous Financial Losses Insurance 4,395.4 2.84 1 341.7 1.03 852.7 0.65. Accident Insurance 542.1 0,35 669.0 0.51 562.9 0.46. Insurance of Vessels - - 29.8 0.02 506.4 0.47. General Third Party Liability Insurance 254.8 0.16 261.3 0.20 413.1 0.38. Travel Assistance Insurance 330.4 0.21 334.1 0.26 321.0 0.29. Goods in Transit Insurance 294.5 0.19 179.2 0.14 132.8 0.110. Fire and Natural Perils Insurance 39.8 0.03 41.6 0.03 110.2 0.111. Credit Insurance 10.3 0.01 6.1 0.00 6.0 0.1
  15. 15. 0500001000001500002000002006 2007 2008 2009 2010Gross Premium Income Reserve Claims PaidBUL INS Ltd. - the Preferable InsurerYear Gross Premium Reserve ClaimsIncome Paid-----------------------------------------------------------------------2006 125,014.0 69,268.0 60,484.02007 146,573.0 85,548.0 70,886.02008 155,002.0 97,079.0 60,553.02009 130 830.0 96 367.0 65 450.02010 135 809.0 99 129.0 62 921.0
  16. 16. Conclusion The company is ready to meet the challenges of Europeaninsurance market and to continue to improve its activity in theconditions of a strong competition The successful development of BUL INS Ltd. insurance activity inthe years, the rightly oriented market policy, and the constantefforts for raising the quality of insurance services give confidenceto prognosticate that the company will be one of the leading andpreferable insurers on the Bulgarian market in the coming years aswell The client always will remain the main priority for BUL INS Ltd.

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