During the last four years Armeec Insurance Jsc has been a leader on the motor insurance market
By the end of May 2015 the share of the insurance company in Casco has increased by 11 per cent
The end of May 2015 marks a period of four years during which Armeec has been the unchallenged leader in the "Motor Casco Insurance" general market ranking. Regarding the sales of voluntary automobile insurance policies, Armeec Jsc has a market share of 23 per cent and has realized a premium income of BGN 45.5 million, indicating to an increase of 11 per cent compared to the same period of the previous year.
The Company has also managed to hold the first place in the "Travel Assistance Abroad" insurance policy with a premium income of BGN 1.5 million and a market share of 22 per cent. The "Personal Accident" insurance premium income has amounted to BGN 2.4 million showing a growth by 54 per cent when compared to the same period of 2014.
In the compulsory "Motor TPL" insurance, the company has generated a premium income of over BGN 25.1 million covering a 10 per cent market share of this type of insurance policy.
According to official data the company has also realized a growth in revenues from sold "Cargo and carrier's liability" policies for property, risk and marine insurances.
By the month of May of 2015 Armeec has registered a premium income amounting to BGN 85.5 million and has acquired a market share of 13.5% thus ranking second on the general insurance market.