INSURERS EXPECT BGN 30 M FROM “GREEN CARDS” PREMIUMS

Business | January 22, 2002, Tuesday // 00:00

“Green Card” bureau, which is to sell the obligatory insurance policies for travels abroad, set premium revenues for 2002 at BGN 30 M, Dnevnik Daily wrote, citing a bureau board member. The start of the bureau’s operations will be discussed at the general meeting of the bureau members on January 30, and is likely to be set for March 1 at the earliest. Other issues to be discussed will include the single tariff valid for all members of the bureau. The National Green Card Bureau was set up in July, 2001by 11 insurance and reinsurance companies. operations in March. It rivals the current monopolists issuing Green cards insurance policies in Bulgaria – local insurer Bulstrad. Bulstrad is majority-owned by Dutch-based TBI Holding.

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