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10.3% in 2010
Revenue: 134.4 mln BGN in 2010
Year of founding: 1991
Number of offices: 39 general representative offices and over 100 representative offices
Allianz Bulgaria Insurance AD (Joint Stock Company) was founded in 1991 under the name ZPAD Bulgaria.
In 1998 the insurance company became part of the group of the globally renowned German insurer ALLIANZ SE, Munich.
The main shareholder is Allianz Bulgaria Holding AD. The companies in the holding structure are as follows;
- ZAD Allianz Bulgaria – general insurance
- ZAD Allianz Bulgaria Life – life insurance
- Allianz Bank Bulgaria – commercial bank established in 1993
- Allianz Leasing Bulgaria AD
- Energy Insurance and Reinsurance Company
- Allianz Bulgaria Pension Company AD
- Bulgaria Net AD
ZAD Allianz Bulgaria is operated under a two-tier management system consisting of a Board of Directors and a Supervisory Board.
- Atanas Tabov - Chairman
- Maksim Sirakov - Deputy Chairman
- Elena Hristova
Board of Directors
- Plamen Yalamov - CEO and Chairman of the Board of Directors
- Orlin Penev - Executive Director and Deputy Chairman of the Board of Directors
- Temenuga Nenova - Deputy Chairman of the Board of Directors
- Atanas Yurukov - Executive Director
- Milen Dragnevski - Executive Director
ZAD Allianz Bulgaria offers all types of insurance products and services in the field of general insurance.
The company has a network of 39 general representative offices and over 100 representative offices all over the country.
As of December 31st 2010 ZAD Allianz Bulgaria has a market share of 10.3% compared to 9.7% at the end of 2009, based on total premium volume.
The company ranks fourth among the general insurance companies in Bulgaria. During the year the company has constant good results mainly in the field of property insurance, car insurance, liabilities, vessel insurance, financial risks, etc.
In 2010 the most significant for the company’s portfolio was the Motor Insurance product – at the end of the year Motor Vehicle Casco Insurance had a relative share of 53% and Third Party Liability Insurance - over 13%, followed by Property Insurance – 11% and Sundry Financial Losses insurance – 8.5%.
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