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Insurances in Euroins

Euroins

Market share: 23%
Revenue: 123 million BGN in 2010
Year of founding: 2001
Number of offices: 15 around the country
Products: 23

Euroins Insurance Plc received license for General Insurance with License for performing insurance activity №8 / 15.06.1998, issued by the National Council on Insurance with the Council of Ministers of the Republic of Bulgaria.

The main shareholder in Euroins is Eurohold Bulgaria PLC through Euroins Insurance Group Llc (EIG). The following are also part of the EIG structure:

  • S.C. Euroins Romania Asigurare Reasigurare S.A.
  • Euroins Osiguruvanje AD Skopje
  • Euroins – Health Assurance JSC

The marketing strategy of the company is focused on the provision of complete range of insurance products that cover a wide spectrum of risks and ensure comprehensive insurance service to the clients. Euroins’ portfolio includes over 40 insurance products, some of which are as follows:

  • Motor insurance
  • Property insurance
  • Liabilities insurance
  • Crops & Livestock
  • Marine insurance
  • Travel insurance
  • Financial risks

The company has developed its own sales network that is spread on the territory of the whole country with significant representation in the main regional and administrative centers. Euroins insurance company has offices in 87 towns and works with more than 4,000 employees, brokers and insurance agents.

In 2010 Euroins – General Insurance had a market share of 5.1%. During the year the company had good results mostly in the field of motor insurance, property insurance, liabilities insurance and financial risks.

In 2010 the most important for the company’s portfolio was motor insurance including Motor Vehicle Casco Insurance – 40%, Third Party Liability Insurance – 37%, followed by Property Insurance - 11%, Cargo Insurance – 2%, and Accident Insurance and Travel Insurance with a total share of 4%.

The company has a two-tier management structure with a Supervisory Board and a Managing Board:

Supervisory Board

  • Violeta Darakova
  • Radi Georgiev
  • Todor Danailov

Managing Board

  • Zlatolina Mukova
  • Joanna Hristova
  • Anton Pironski

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