General insurance premiums up 5.3% YoY to BGN 1.1bn in January-August’16; life insurance premiums up by 8.5% YoY to BGN 297.1m

General insurance premiums increased by 5.3% YoY to BGN 1 063.5m in January-August 2016, according to data provided by the Financial Supervision Commission. The loss ratio moved down to 53% from 57% in the year-ago period, as payments declined by 1.8% YoY. At the same time, life insurers’ gross premiums increased by 8.5% YoY to BGN 297.1m, while payments were up by 11.9% YoY to BGN 114.4m.