Bulgaria

Introduction: 

Bulgaria has a population of 7.6 million. Its currency is the Lev. It is a member of the European Union.

Its stable economic growth and a rise in the nation’s ageing population will support the demand for life and health insurance products.

Industry consolidation is a key trend in Bulgaria. The launch of innovative products, such as Progress − which is a combined deposit and unit-linked policy − coupled with the stable demand health insurance products, helped to expand the industry.

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