Bulgarian insurers to raise MTPL insurance prices by the end of 2008
Bulgaria's major insurers may raise the price of the mandatory
motor third-party liability insurance by the year's end, according
to dnevnik.
EUROINS would increase the price of the policy for Sofia-registered
vehicles with engines of up to 1,800 cu cm up to EUR 90.17 from EUR
70.24 at present as of November 15, said Executive Director Anton PIRONSKI.
Prices at market leader BULSTRAD may be increased by some 6% but head
Rumen YANCHEV declined to give any timeframe. The price hike is prompted
by growing car accident claims and the rising cost of auto repairs,
he said.
ARMEETS auto insurance head Ivan MLADENOV said the company also planned
major price hike. VICTORIA should increase prices by up to 30% no later
than December 1, said executive director Dancho DANCHEV. BUL Ins would
adjust prices in early 2009, said company's Executive Director
Petrozar PETKOV.
Author: Mihai CRACEA
on 12.11.2008
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