Bulstrad Vienna Insurance Group received a newly established prize – Insurer of the Year
Bulstrad Vienna Insurance Group became winner of the Insurer of the Year 2008 award. The prize was established by the Higher School of Insurance and Finance, Prof. Dr. Veleslav Gavriiski Foundation and the Association of Bulgarian Insurers and it was its first awarding.
In the Non-life Insurance category the prize was awarded to Bulstrad Vienna Insurance Group Plc, and in the Life Insurance category – to ZAD Allianz Bulgaria-Life. The commission estimated the companies by 7 basic criteria. Among them was market share, profit or losses for the financial year and the share of reserves in the gross premium income. The premium income was also among the committee’s estimation criteria as an indirect indicator due to the severe consequences from the crisis that affected the financial sector last year.Rumen Yanchev – Chief Executive of Bulstrad Vienna Insurance Group Plc. received the prestigious award from Orlin Penev – Chairman of the Association of Bulgarian Insurers. According to him, one more prize - for insurance broker, should be provided next year. The second prize was awarded to Andrey Alexandrov – Chief Business Director of ZAD Allianz Bulgaria-Life. The statuette was handed by Neno Pavlov, Chairman if the Management Board of Prof. Dr. Veleslav Gavriiski Foundation.