Well-deserved place of Armeec in the annual ranking SEE Top 100
The company is among the three most successfully performing Bulgarian Insurers
The fourth edition of the rankings See Top 100 of SeeNews agency brought further recognition of Armeec Jsc. The company is among the three most successfully performing Bulgarian insurers and ranks twenty-third in the general ranking of the top insurance companies in Southeast Europe. Every year SEE Top 100 charts present the results of the largest non-financial companies, banks and insurers in Southeastern Europe; this year the number exceeded 1200. The objective behind the specific numbers is to look at the significant changes and major trends for the future and to give thorough and reliable analysis of business development of markets in the region. The ranking SEE Top 100 Insurance is based on the gross written premiums of the insurance companies, as stated in the non-consolidated financial statements for 2010. The ranking includes 22 companies from Romania, 19 from Bulgaria and 17 from Croatia. Serbia participated with 11 insurance companies, and Slovenia and Bosnia and Herzegovina - respectively with 10. Other countries in the region recorded less than five participants. The results show that the crisis has slowed the growth of insurance sector in Southeast Europe - the total gross premiums of companies in 2010 fell to 6.5 billion euros from 6.6 billion the previous year. Against the background of a shrinking market Armeec had solid performance and took third place in the Bulgarian insurance market in 2010 with a market share of 11.23%.