Category: Research and statistics

The Number of the Insured Persons in the Supplementary Pension Insurance Funds Reached 4.849 Million as of 31-st of December, 2021, Net Assets BGN 19.557 Billion.

The Insurance Supervision Department of the FCS announced the preliminary results of the supplementary pension insurance activity as of December 31st, 2021. The information was obtained on the basis of reports, submitted by the pension insurance companies of the Financial Supervision Commission. The data on the distribution of the insured persons by sex and age in the supplementary pension insurance funds as of December 31st, […]

The Insurance Supervision Department of the FCS announced the preliminary results of the supplementary pension insurance activity as of December 31st, 2021. The information was obtained on the basis of reports, submitted by the pension insurance companies of the Financial Supervision Commission. The data on the distribution of the insured persons by sex and age in the supplementary pension insurance funds as of December 31st, 2021 have also been published.

The total number of the insured persons in the four types of funds for supplementary pension insurance as of 31st of December, 2021 is 4 849 754 persons, increased compared to September 30th, 2021 by 0.64 per cent.
As of December 31st, 2021, net assets amounting to BGN 19,557,121 thousand have been accumulated in the supplementary pension insurance funds. […]

Results of Private Pension Funds for 2021 – Main Indicators

The net assets of the Bulgarian private pension funds increased by 3.8% QoQ (+BGN 724m) and by 13.1% YoY (+BGN 2.3bn) to BGN 19.6bn as of end-2021, according to data released by the Financial Supervision Commission. The contributions during the quarter came to record high of BGN 536m while the total number of insured individuals in all 4 types of pension funds was 4.8m at end-2021, […]

In January 2022, the Financial Supervision Commission (FSC) Published the Results for the Reported Two-year Return of the SPI funds for the Period 31.12.2019 – 31.12.2021.

The FSC data at the end of December 2021 show higher levels of the achieved two-year return on funds, namely the weighted average return for two years, which for UPF reaches 2.94%, for PPF 3.29% and for VPF 4.34%, compared to the data for the previous quarter of 2021. By the end of September 2021 these indicators had reached the following values for the period 30.09.2019 – […]

PensionsEurope – WG IORP and WG PPP – EIOPA publish 2021 Consumer Trends Report

Consumer Trends Report 2021 – EN
We would like to inform you that today EIOPA published the 2021 Consumer Trends Report. You can find the report attached or download it here.
The report covers both the insurance and the pension sectors, identifying market developments, trends, and (new) risks for consumers and members/beneficiaries. […]

Longevity and equality between the generations in the supplementary mandatory pension insurance in Bulgaria by Ioannis Kotsianos, FSA, CERA

Longevity and equality between the generations in the supplementary mandatory pension insurance in Bulgaria
by Ioannis Kotsianos, FSA, CERA
Estimates of mortality and distribution of surplus between generations in order to ensure sustainability and fairness in the payment of pensions
The payment of the pensions from the Supplementary Mandatory Pension Insurance is becoming more and more relevant with the approach of the time for the first payments of the funds accumulated on the accounts of insured persons. […]

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