THE STUDY OF STRUCTURAL CHANGES IN THE LIFE INSURANCE PRODUCT PORTFOLIO AND PAYMENTS IN BULGARIA FOR THE PERIOD 2017 – 2021

Authors

  • Ventsislav Vasilev Department of Insurance and Social Security, D. A. Tsenov Academy of Economics, Svishtov
  • Aneliya Paneva Department of Insurance and Social Security, D. A. Tsenov Academy of Economics, Svishtov

DOI:

https://doi.org/10.20544/HORIZONS.A.31.2.22.P15

Keywords:

life insurance, product structure, insurance payments, structural shanges

Abstract

The object of life insurance is insured person’s life, health and working capacity. In order to satisfy the interests of a wide range of consumers, insurers offer a variety of life insurance products that form their product portfolio.Its structure is built on the basis of relative shares of the offered life insurance policies. The portfolio structure is also indicative of consumers’ preferences about particular type of insurance. The largest part of the premium income for the various types of life insurance products is used to make insurance payments upon the occurrence of insurance events. The structure of insurance payments shows which of the offered life insurance policies take the largest share of insurers' funds. The structure of the life insurance product portfolio and insurance payments is not static.It changes under the influence of various factors. The study of the market structures of gross written premiums and insurance payments by classes of life insurance is significant for insurers in order to know the state and trends on the life insurance market.

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Published

26-12-2022

Issue

Vol. 31 No. 2 (2022): Horizons - International Scientific Journal (Series A)

Section

SERIES A

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

Vasilev, Ventsislav, and Aneliya Paneva. 2022. “THE STUDY OF STRUCTURAL CHANGES IN THE LIFE INSURANCE PRODUCT PORTFOLIO AND PAYMENTS IN BULGARIA FOR THE PERIOD 2017 – 2021”. Horizons - International Scientific Journal 31 (2): 195-206. https://doi.org/10.20544/HORIZONS.A.31.2.22.P15.