On 27 May 2021 for the 13th consecutive year the award ceremony “Insurer of the Year”, “Pension Insurance Company of the Year” and “Insurance Broker of the Year” for 2020 was held. The organizers of the ceremony are the Higher School of Insurance and Finance (VUZF), Association of Bulgarian Insurers (ABI), Bulgarian Association of Supplementary Pension Insurance Companies (BASPSC), Prof. Rd. Veleslav Gavriyski Foundation and the Bulgarian Association of Insurance Brokers (BAIB).
Special guests at the ceremony were Mr. Boyko Atanasov, Chairman of the Financial Supervision Commission, Mr. Vladimir Savov, Deputy Chairperson of the Financial Supervision Commission, Head of the Insurance Supervision Department, Ms. Diana Yordanova, Deputy Chairperson of the Financial Supervision Commission, Head of the Pension Insurance Supervision Department and Mr. Lazar Lazarov, Deputy Minister of Labour and Social Policy.
In his address to the organizers and participants, Mr. Boyko Atanasov shared:
“When the crisis unfolded, the insurance and pension sector had the choice, on the one hand, to continue to act on momentum and on well-trodden but sustainable models, trying to prevent possible losses. On the other hand, however, we are faced with the choice to create new ways of operating in the market and in relation to customers. Today we clearly see that the participants in the insurance and pension insurance market are successfully adapting to the challenges of the environment by implementing more and more digital services and mobile fintech applications, by building an organizational work culture in which to maintain good and working practices and to introduce new ones, adequate for the market and the conditions. I believe that the driver of change in the sector is focus, thought, emphasis on specific products designed specifically for target groups, because it is the attitude of thinking about people’s needs that is crucial for the stability of the sector. Today, more than ever, we are moving from a crisis response phase to a recovery phase and an innovation phase to provide what consumers need most – security and peace of mind!”
The Chairman of the FSC – Mr. Boyko Atanasov, presented the Grand Prize “Insurer of the Year” in the category “Non-Life Insurance” to DZI Non-Life Insurance EAD. Boyko Atanasov, Chairman of the FSC
Ms. Diana Yordanova, Deputy Chairperson of the FSC, Head of the Pension Insurance Supervision Department, presented the Pension Insurance Company of the Year 2020 award in the category “Supplementary Mandatory Pension Insurance”. The winner was Pension insurance company Doverie AD.
The Insurance Intermediary of the Year award in the Non-Life Insurance category was presented to Amarant Bulgaria OOD by Mr. Vladimir Savov, Deputy Chairperson of the FSC, Head of the Insurance Supervision Department.
Three awards were presented by the Prof. Dr. Veleslav Gavriyski Foundation for Overall Contribution to the development of Bulgarian insurance ”,“ Overall Contribution to the development of Bulgarian Social Insurance” and Overall contribution to the development of insurance intermediation”.
The Chairman of the FSC, Mr. Boyko Atanasov presented the special award for “Overall contribution to the development of Bulgarian insurance” for 2021 to Nedyalko Chandarov, Chairperson of the Board and Chief Executive Officer of Bulstrad VIG.
For 2020 the winners of the prize in the category are Prof. Dr. Stoyan Prodanov, Executive Director of Bull Ins Insurance Company AD and Head of the Finance Department at the Academy of Economics – Svishtov and Petar Avramov – Deputy Chairperson of the Board of The directors of Euroins Insurance Company and Chairperson of the Supervisory Board of IC EIG Re AD. The special award for “Overall contribution to the development of Bulgarian insurance” for 2021 was awarded to Assoc. Prof. Dr. Biser Petkov, former Deputy Chairperson of the FSC, former NSSI Governor and former Minister of Social Affairs, and for 2020 the prize went to Miroslav Marinov, Executive Director of PIC Doverie AD. The award for “Overall contribution to the development of insurance intermediation” for 2021 was given to Monika Minkova, managing partner of IB Renomia, and for 2020 the winner was Mihail Antonov, manager of Insurance Broker AVVI OOD.
The awards presented at the ceremony were divided into 9 categories, and the winners were determined by an expert jury according to pre-determined criteria.
The best companies for 2020 received prizes in the following categories:
- Insurer of the Year – Non-Life Insurance – DZI – Non-life Insurance EAD
- Insurer of the Year – Life Insurance – IC UNICA LIFE AD
- Insurer of the Year – The most dynamically developing company – IC EIG RE EAD
- Pension Insurance Company of the Year – Supplementary Mandatory Pension Insurance – PIC Doverie AD
- Pension Insurance Company of the Year – Supplementary Voluntary Pension Insurance – Allianz Bulgaria AD
- Pension Insurance Company of the Year – The most dynamically developing company – PIC – Future AD
- Insurance broker of the year – Non-Life Insurance – Amarant Bulgaria OOD
- Insurance Broker of the Year – Life Insurance – IGN INSURANCE BROKERS OOD
- Insurance Broker of the Year – The most dynamically developing company – ‘GENERAL BROKER OOD.
For the second year in a row, the ceremony was held online and was broadcast live on Facebook, with only the distinguished companies, organizers and guests presenting the awards in attendance in the hall of VUZF.